Form 4: Jack in the Box SVP Controller Reports Stock Transactions

Dawn E. Hooper, SVP Controller at Jack in the Box, reported the acquisition of 4,202 restricted stock units and the sale of 177 shares to cover tax obligations.

Summary

• Dawn E. Hooper, the SVP Controller at Jack in the Box, filed a Form 4 detailing changes in her beneficial ownership of company stock.
• On December 2, 2024, Ms. Hooper acquired 4,202 shares of common stock in the form of restricted stock units.
• These restricted stock units vest in three equal installments one year from the grant date.
• There is a 50% holding requirement on the after-tax net shares until the executive meets their multiple of salary stock ownership requirement.
• On December 4, 2024, Ms. Hooper sold 177 shares of common stock at a price of $48.93 per share.
• This sale was to satisfy tax withholding obligations upon the vesting of the restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative. The sentiment is neutral to slightly positive due to the acquisition of restricted stock units.

Positives

• The acquisition of 4,202 restricted stock units indicates continued alignment of executive interests with company performance.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common in the restaurant industry.

Comparison to Industry Standards

• Executive stock transactions are a common practice across publicly traded companies, including those in the restaurant sector such as McDonald's (MCD) and Wendy's (WEN).
• The vesting schedule of the restricted stock units is typical for executive compensation packages.
• The sale of shares to cover tax obligations is a standard procedure.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation and do not significantly alter the company's financial position.

Key Dates

Keywords

Form 4, Jack in the Box, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Executive Compensation, SEC Filing