Form 4: Jack in the Box Executive Brian M. Scott Sells Shares to Cover Tax Obligations

EVP and CFO Brian M. Scott disposed of 696 shares of Jack in the Box Inc. stock on August 29, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On August 29, 2024, Brian M. Scott, the EVP and Chief Financial Officer of Jack in the Box Inc., sold 696 shares of common stock.
• The transaction was executed at a price of $48.66 per share.
• The sale was conducted to satisfy tax withholding obligations upon the vesting of restricted stock units, as per the company's policy for an automatic sell-to-cover.
• Following the transaction, Scott directly owns 13,201 shares of Jack in the Box Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. There is nothing inherently positive or negative about the sale itself, as it is related to tax obligations. The sentiment is neutral to slightly positive as it reflects standard corporate practices.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates