Form 4: Jack in the Box Director John Sharon Price Acquires Additional Shares Through Dividend Equivalents
SEC Form 4 Filing
Director John Sharon Price acquired 85 shares of Jack in the Box Inc. common stock through dividend equivalents on vested Restricted Stock Units.
Summary
- On September 19, 2024, John Sharon Price, a director of Jack in the Box Inc., acquired 85 shares of common stock.
- The acquisition was a result of dividend equivalents on vested Restricted Stock Units that were deferred until termination of board service.
- These dividend equivalents were credited to Price's account on the dividend record date for the quarterly dividend declared on August 2, 2024.
- Following the transaction, Price directly owns 12,712 shares of Jack in the Box Inc. common stock.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The acquisition of shares by a director may signal confidence in the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a common practice for directors to receive stock as part of their compensation or through dividend reinvestment programs.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Quarterly dividend declared. |
| 09/19/2024 | Transaction date: John Sharon Price acquired 85 shares. |
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