Form 4: Jack in the Box SVP, Chief Legal & Risk Officer, Sarah Super, Reports Stock Transactions

Sarah Super, SVP, Chief Legal & Risk Officer at Jack in the Box, reported the acquisition of 2,910 shares and the disposal of 1,688 shares of common stock.

Summary

• Sarah Super, a Senior Vice President and Chief Legal & Risk Officer at Jack in the Box, filed a Form 4 detailing her recent stock transactions.
• On December 20, 2024, she acquired 2,910 shares of common stock as part of a performance-based vesting.
• On December 23, 2024, she sold 1,045 shares at $40.52 per share to cover tax obligations related to the vesting of performance shares.
• Additionally, on the same day, she sold 210 shares and 433 shares at $40.52 per share to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Ms. Super beneficially owns 16,815 shares of Jack in the Box common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions. The acquisition of shares due to performance is a positive, but the sales are for tax purposes and do not indicate a negative outlook.

Positives

• The acquisition of 2,910 shares indicates that performance goals were met, which is a positive sign for the company's performance.
• The vesting of performance shares and restricted stock units suggests that the company is rewarding its executives based on performance and tenure.

Negatives

• The sale of 1,688 shares, while for tax purposes, could be interpreted as a slight reduction in the executive's direct stake in the company.

Risks

• There are no specific risks mentioned in this document, as it primarily details stock transactions.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the corporate world. It does not indicate any specific trend or event in the fast-food industry.

Comparison to Industry Standards

• Executive stock transactions are a common practice across publicly traded companies, including those in the restaurant industry.
• Companies like McDonald's, Wendy's, and Restaurant Brands International also have executives who regularly report stock transactions via Form 4 filings.
• The automatic sell-to-cover for tax obligations is a standard practice in many companies' equity compensation plans.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Stock Transactions, Beneficial Ownership, Jack in the Box, Sarah Super, Performance Shares, Restricted Stock Units, Tax Withholding, Executive Compensation