Form 4: Jack in the Box Director Michael Murphy Reports Dividend Equivalent Acquisitions

Director Michael Murphy 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

• Michael W. Murphy, a director of Jack in the Box Inc., reported changes in beneficial ownership of the company's securities on June 25, 2024.
• The report details the acquisition of 461 shares of common stock equivalents and 41 shares related to vested restricted stock units.
• These acquisitions are due to dividend equivalents credited to Murphy's account under the company's deferred compensation plan for non-management directors and for deferred vested restricted stock units.
• The dividend record date was for the quarterly dividend declared on May 10, 2024.
• Following these transactions, Murphy beneficially owns 71,871 shares directly and 71,912 shares directly.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions related to compensation, indicating stable corporate governance and alignment of interests. It is neither overwhelmingly positive nor negative.

Positives

• The acquisitions reflect continued participation in the company's deferred compensation plan, aligning director interests with shareholders.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The report provides transparency to shareholders regarding director compensation and stock ownership.

Key Dates