Form 4: Jack in the Box SVP, Chief Technology Officer Richard D Cook Sells Shares to Cover Tax Obligations

Richard D Cook, SVP, Chief Technology Officer of Jack in the Box Inc., sold 153 shares of common stock on November 5, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• Richard D Cook, the SVP, Chief Technology Officer of Jack in the Box Inc., reported a transaction on November 5, 2024.
• He disposed of 153 shares of common stock at a price of $49.94 per share.
• The sale was to satisfy tax withholding obligations upon the vesting of restricted stock units, according to the company's policy.
• Following the transaction, Cook beneficially owns 9,797 shares of Jack in the Box Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates