Form 4: Jack in the Box Director Yeung Man Wein Vivien Reports Changes in Beneficial Ownership

Director Yeung Man Wein Vivien reports acquisition of additional shares due to dividend equivalents under deferred compensation plans.

Summary

• On September 19, 2024, Vivien Man Wein Yeung, a director of Jack in the Box Inc., reported changes in beneficial ownership of the company's common stock.
• The transactions involved the acquisition of 51 shares and 61 shares due to dividend equivalents.
• These dividend equivalents were credited to the reporting person's account under the Jack in the Box Inc. Deferred Compensation Plan for Non-Management Directors and on vested Restricted Stock Units that were deferred by the reporting person until his or her termination of board service.
• Following these transactions, the director's direct ownership increased to 14,326 shares.

Sentiment

Score: 7

Explanation: The document reflects standard corporate governance procedures and insider transactions related to compensation, indicating a neutral to slightly positive sentiment as it shows continued investment by a director.

Positives

• The acquisition of shares through dividend equivalents reflects the director's continued investment in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates routine compensation and dividend reinvestment rather than a strategic shift.

Comparison to Industry Standards

• Director compensation in the form of stock and dividend equivalents is a common practice among publicly traded companies.
• Deferred compensation plans are also standard for non-management directors, allowing them to defer income and potentially reduce their tax burden.
• Companies like McDonald's (MCD) and Wendy's (WEN) also utilize similar compensation structures for their board members.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine compensation adjustments.

Key Dates