Form 4: Jack in the Box Director James M. Myers Reports Dividend Equivalent Acquisitions

Director James M. Myers reports acquisition of common stock equivalents and vested restricted stock units due to dividend equivalents under Jack in the Box's deferred compensation plan.

Summary

• James M. Myers, a director of Jack in the Box Inc., reported changes in beneficial ownership on March 27, 2024.
• The report details the acquisition of 83 shares of common stock equivalents and 62 shares related to vested Restricted Stock Units.
• These acquisitions are due to dividend equivalents credited to Myers' account under the company's deferred compensation plan.
• Following these transactions, Myers beneficially owns 32,566 shares of Jack in the Box Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects standard compensation practices and insider transactions, suggesting a neutral to slightly positive sentiment due to alignment of director interests with shareholders through dividend equivalents.

Positives

• The acquisitions reflect Myers' participation in the company's deferred compensation plan, aligning his interests with shareholders.
• The dividend equivalents suggest a consistent return on investment for participants in the deferred compensation plan.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates standard compensation practices for board members.

Stakeholder Impact

• Shareholders may view the director's participation in the deferred compensation plan as a positive sign, aligning their interests with management.

Key Dates