Form 4: Jack in the Box Executive Richard D. Cook Reports Stock Transactions

Richard D. Cook, SVP and Chief Technology Officer at Jack in the Box, reported the acquisition of 5,253 shares and the sale of 374 shares of common stock.

Summary

• Richard D. Cook, a Senior Vice President and Chief Technology Officer at Jack in the Box, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 2, 2024, Mr. Cook acquired 5,253 shares of common stock through the vesting of restricted stock units.
• These restricted stock units vest in three equal installments one year from the grant date and are subject to a 50% holding requirement until a certain stock ownership target is met.
• On December 4, 2024, Mr. Cook sold 374 shares of common stock at a price of $48.9299 per share.
• This sale was to cover tax withholding obligations related to the vesting of the restricted stock units.
• Following these transactions, Mr. Cook beneficially owns 14,676 shares of Jack in the Box common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of stock transactions by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a common practice in publicly traded companies, and the reporting of these transactions via Form 4 is a standard regulatory requirement.
• The vesting of restricted stock units and subsequent sell-to-cover transactions are typical components of executive compensation packages in the restaurant and broader corporate sectors.
• Companies like McDonald's, Wendy's, and Restaurant Brands International also have similar executive compensation structures and reporting requirements.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation and do not indicate any significant change in the company's performance or outlook.

Key Dates

Keywords

Form 4, insider trading, stock transaction, restricted stock units, beneficial ownership, Jack in the Box, executive compensation