Form 4: Jack in the Box Director James M. Myers Acquires Shares Through Dividend Equivalents

Director James M. Myers acquired additional shares of Jack in the Box stock through dividend equivalents under the company's deferred compensation plan.

Summary

• James M. Myers, a director at Jack in the Box Inc., acquired 145 shares of common stock through dividend equivalents on outstanding Common Stock Equivalents.
• He also acquired 110 shares of common stock through dividend equivalents on vested Restricted Stock Units that were deferred until his termination of board service.
• Both transactions occurred on December 30, 2024, and the shares were acquired at a price of $0.00.
• These dividend equivalents were credited to his account based on the dividend record date for the quarterly dividend declared on November 15, 2024.
• Following these transactions, Mr. Myers directly owns 33,253 shares of Jack in the Box stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively. The increase in share ownership is a positive sign.

Positives

• The acquisition of shares through dividend equivalents indicates a continued alignment of the director's interests with those of the shareholders.
• The increase in share ownership by a director can be seen as a positive sign of confidence in the company's future performance.

Industry Context

This is a routine filing related to director compensation and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Director compensation through stock and dividend equivalents is a common practice among publicly traded companies.
• The specific terms of the Jack in the Box deferred compensation plan would need to be compared to similar plans at peer companies to assess its competitiveness.

Stakeholder Impact

• The increase in director share ownership may be viewed positively by shareholders.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Jack in the Box, Director, James M. Myers, Dividend Equivalents, Share Acquisition, Deferred Compensation, Restricted Stock Units, SEC Form 4