Form 4: Jack in the Box SVP Controller, Dawn E. Hooper, Reports Stock Sale to Cover Tax Obligations

Dawn E. Hooper, SVP Controller at Jack in the Box, sold 237 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Dawn E. Hooper, a Senior Vice President and Controller at Jack in the Box, reported a transaction involving the sale of company stock.
• The transaction occurred on December 16, 2024.
• Ms. Hooper sold 237 shares of Jack in the Box common stock at a price of $44.8075 per share.
• The sale was executed to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• The sale was an automatic sell-to-cover transaction as per the company's policy.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies where executives receive stock-based compensation.
• Many companies have policies in place for automatic sell-to-cover transactions to manage tax obligations for their employees.
• This type of transaction is not unusual and is generally considered a normal part of executive compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, Jack in the Box, stock sale, insider trading, Dawn E. Hooper, restricted stock units, tax withholding, sell-to-cover