Form 4: Jack in the Box Director Michael W. Murphy Acquires Shares Through Dividend Equivalents

Director Michael W. Murphy acquired additional shares of Jack in the Box stock through dividend equivalents under the company's deferred compensation plan.

Summary

• Michael W. Murphy, a director at Jack in the Box Inc., acquired 603 shares of common stock through dividend equivalents on outstanding Common Stock Equivalents.
• He also acquired 53 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 are related to the quarterly dividend declared on November 15, 2024.
• The shares were acquired at a price of $0.00, as they represent dividend equivalents, not direct purchases.
• Following these transactions, Mr. Murphy's total direct holdings increased to 73,180 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of interests between the director and the company. It is not a major event, but it is a positive sign.

Positives

• The acquisition of shares through dividend equivalents indicates a continued alignment of interests between the director and the company's performance.
• The increase in shareholdings by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This filing is a routine disclosure of a director's share transactions, which is common in the corporate world. It reflects the standard practice of compensating directors with equity and dividend equivalents.

Comparison to Industry Standards

• The use of deferred compensation plans and dividend equivalents for directors is a common practice among publicly traded companies, including those in the restaurant industry.
• Companies like McDonald's (MCD) and Wendy's (WEN) also have similar compensation structures for their board members, often involving stock options, restricted stock units, and dividend equivalents.
• The specific number of shares acquired is dependent on the individual's compensation package and the company's dividend policy, making direct comparisons difficult without further information.

Stakeholder Impact

• The increase in director shareholdings may be viewed positively by shareholders, indicating confidence in the company's future.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Jack in the Box, Director, Michael W. Murphy, Dividend Equivalents, Common Stock, Restricted Stock Units, Deferred Compensation, Share Acquisition, SEC Form 4