Form 4: Jack in the Box SVP Controller Sells Shares to Cover Tax Obligations

Dawn E. Hooper, SVP Controller at Jack in the Box, sold 210 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 Inc., sold 210 shares of the company's common stock on December 23, 2024.
• The sale was executed at a price of $40.52 per share.
• This transaction was to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• Following the transaction, Ms. Hooper directly owns 9,727 shares of Jack in the Box stock.

Sentiment

Score: 5

Explanation: This is a neutral event, a routine transaction for tax purposes, and does not indicate any positive or negative sentiment about the company's performance.

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

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are not unusual for this type of transaction.
• Similar transactions are regularly reported by executives at other companies in the restaurant and fast-food industry.

Stakeholder Impact

• This transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

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