Form 4: Jack in the Box Executive Sells Shares to Cover Tax Obligations

Tony J. Darden, SVP and Chief Operating Officer of Jack in the Box, sold 247 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Tony J. Darden, a Senior Vice President and Chief Operating Officer at Jack in the Box, sold 247 shares of the company's common stock on December 4, 2024.
• The sale was executed at a price of $48.9307 per share.
• This transaction was to cover tax withholding obligations arising from the vesting of restricted stock units.
• The sale was an automatic sell-to-cover as per the company's policy stated in the grant agreement.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to have policies in place for automatic sell-to-cover to manage tax obligations.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units as part of executive compensation.
• Automatic sell-to-cover policies are a common practice to manage tax obligations for executives receiving stock-based compensation.
• The transaction is consistent with standard practices for executives managing their equity holdings.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Jack in the Box, insider trading, stock sale, Form 4, executive compensation, restricted stock units, tax withholding, Tony J. Darden