Form 4: Jack in the Box SVP, Chief Operating Officer Tony J Darden Sells Shares to Cover Tax Obligations

Tony J Darden, SVP and Chief Operating Officer of Jack in the Box Inc., sold 54 shares of common stock on June 24, 2024, to cover tax withholding obligations.

Summary

• On June 24, 2024, Tony J Darden, the SVP and Chief Operating Officer of Jack in the Box Inc., disposed of 54 shares of the company's common stock.
• The shares were sold at a price of $50.51 per share.
• This transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units, as per the company's policy for an automatic sell-to-cover.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell-to-cover for taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.

Key Dates