Form 4: Jack in the Box SVP, Chief People Officer Steven Piano Sells Shares to Cover Tax Obligations

Steven Piano, SVP, Chief People Officer of Jack in the Box Inc., disposed of 152 shares of common stock on May 13, 2025, to satisfy tax withholding obligations upon the vesting of restricted stock units.

Summary

• On May 13, 2025, Steven Piano, the SVP, Chief People Officer of Jack in the Box Inc., sold 152 shares of common stock.
• The shares were sold at a price of $29.07 per share.
• The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Steven Piano beneficially owns 25,732 shares of Jack in the Box Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't indicate any significant change in the executive's outlook on the company.

Industry Context

This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It is a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of a small number of shares by an executive is unlikely to have a significant impact on shareholders.

Key Dates

Keywords

Form 4, Jack in the Box Inc, Steven Piano, Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership, Insider Trading