Form 4: Jack in the Box Director Yeung Man Wein Vivien Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Yeung Man Wein Vivien reports acquisition of common stock due to dividend equivalents under deferred compensation plans.
Summary
- On March 27, 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 31 shares and 38 shares of common stock 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.
- Following these transactions, the reporting person beneficially owns 14,084 and 14,122 shares of Jack in the Box Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to director compensation, indicating a neutral to slightly positive sentiment due to continued investment.
Positives
- The acquisition of shares through dividend equivalents reflects the director's continued investment in the company.
- The deferred compensation plan and vested restricted stock units incentivize long-term commitment from non-management directors.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they involve a small number of shares acquired through dividend equivalents.
Key Dates
| Date | Description |
|---|---|
| 02/16/2024 | Date of quarterly dividend declaration. |
| 03/27/2024 | Date of transaction and filing of Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.