Form 4: Jack in the Box Executive Sells Shares for Tax

Jack in the Box SVP Steven Piano disposed of 163 common shares to cover tax obligations related to restricted stock unit vesting.

Summary

• Steven Piano, SVP, Chief People Officer of Jack in the Box Inc. (JACK), reported a disposition of common stock.
• The transaction occurred on December 17, 2025.
• 163 shares of common stock were disposed of at a price of $20.27 per share.
• The disposition was made to satisfy tax withholding obligations upon the vesting of restricted stock units.
• This was an automatic "sell-to-cover" transaction as per the company's policy and grant agreement.
• Following the transaction, Steven Piano beneficially owns 41,321 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is an administrative sell-to-cover for tax obligations upon RSU vesting, which is a neutral event regarding the company's operational performance or the executive's discretionary view of the stock.

Positives

• The underlying event, the vesting of restricted stock units, represents a positive compensation event for the executive.

Negatives

• No direct negatives are identified from this administrative transaction.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports a routine insider transaction (sell-to-cover for tax obligations) and does not provide information relevant to broader industry trends or competitor analysis. Such transactions are common across all industries when executive compensation includes equity awards.

Comparison to Industry Standards

• This filing details a standard "sell-to-cover" transaction, which is a common practice for executives across various industries to meet tax obligations upon the vesting of equity awards. There are no specific comparable companies, projects, or results mentioned in this administrative filing.

Stakeholder Impact

• Shareholders: Minimal impact. The disposition of 163 shares by an executive for tax purposes is a routine event and does not typically signal a change in company fundamentals or executive confidence.

Key Dates

Keywords

Jack in the Box, JACK, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Executive Compensation