Form 4: Jack in the Box Director Madeleine Kleiner Acquires Shares Through Dividend Equivalents

Director Madeleine Kleiner acquired 104 shares of Jack in the Box stock through dividend equivalents on vested restricted stock units.

Summary

• Madeleine Kleiner, a director at Jack in the Box, acquired 104 shares of common stock on December 30, 2024.
• These shares were obtained through dividend equivalents on vested restricted stock units.
• The dividend equivalents were credited to Ms. Kleiner's account on the dividend record date of November 15, 2024.
• The price per share for the acquisition is listed as $0.00, as it represents dividend equivalents, not a direct purchase.
• Following this transaction, Ms. Kleiner's total holdings are 22,760 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company.
• The dividend equivalents are a form of compensation that aligns the director's interests with those of shareholders.

Industry Context

This is a routine filing related to director compensation and is common for publicly traded companies. It reflects the standard practice of using equity-based compensation to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units and dividend equivalents as part of their director compensation packages.
• The practice of granting shares through dividend equivalents is a common method to provide additional compensation to directors based on company performance.
• The number of shares acquired is relatively small compared to the total outstanding shares of the company, which is typical for these types of transactions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates director alignment with company performance.

Key Dates

Keywords

Jack in the Box, Director, Madeleine Kleiner, Dividend Equivalents, Stock Acquisition, Restricted Stock Units, Form 4, Insider Trading