Form 4: Jack in the Box Executive Steven Piano Reports Stock Transactions
SEC Form 4 Filing
SVP, Chief People Officer of Jack in the Box, Steven Piano, reports acquisition and disposal of company stock related to performance shares and tax obligations.
Summary
- Steven Piano, SVP, Chief People Officer at Jack in the Box, reported several transactions involving the company's common stock.
- On December 20, 2024, Mr. Piano acquired 2,910 shares of common stock at $0.00, which were related to the vesting of performance shares.
- On December 23, 2024, Mr. Piano disposed of 803 shares at $40.52 per share to cover tax obligations related to the vesting of performance shares.
- Also on December 23, 2024, Mr. Piano disposed of 161 shares and 253 shares at $40.52 per share to cover tax obligations related to the vesting of restricted stock units.
- Following these transactions, Mr. Piano beneficially owns 15,799 shares of Jack in the Box common stock.
Sentiment
Score: 7
Explanation: The document reflects routine executive stock transactions related to compensation. There is no indication of positive or negative sentiment, it is a standard process.
Positives
- The vesting of performance shares indicates that pre-established performance goals were met for the 2022-2024 period.
Industry Context
This is a routine filing related to executive compensation and stock transactions, which is common in publicly traded companies.
Comparison to Industry Standards
- The use of performance shares and restricted stock units as part of executive compensation is a standard practice among publicly traded companies.
- The automatic sell-to-cover policy for tax obligations is also a common practice to simplify tax handling for employees.
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 financial health.
Key Dates
| Date | Description |
|---|---|
| 12/20/2024 | Steven Piano acquired 2,910 shares of common stock due to vesting of performance shares. |
| 12/23/2024 | Steven Piano disposed of 803 shares to cover tax obligations related to performance shares and 414 shares to cover tax obligations related to restricted stock units. |
Keywords
Jack in the Box, stock transactions, insider trading, Form 4, performance shares, restricted stock units, executive compensation, Steven Piano
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