JACK Form 3: SVP Van Ingram Discloses 3,515 Unvested RSUs and 1,888 Owned Shares
Rhea-AI Filing Summary
Van Ingram, serving as SVP, CHF Development Officer at Jack in the Box Inc. reported beneficial ownership in the issuer's common stock. The filing discloses 3,515 unvested restricted stock units granted across 2022, 2023 and 2024 that vest in three equal installments beginning one year after each grant. In addition, the reporting person holds 1,688 vested restricted stock units and 200 directly purchased shares, for a total of 1,888 directly owned shares/units reported on a separate line. The Form 3 was submitted two business days late because the reporting person awaited SEC codes under the new EDGAR Next system.
Positive
- Executive alignment through multi-year restricted stock unit grants that vest in equal installments, supporting retention incentives
- Immediate ownership evidenced by 1,688 vested RSUs plus a 200-share direct purchase, showing some economic stake
Negative
- Late Form 3 filing by two business days, attributed to delay in obtaining SEC EDGAR Next codes
Insights
TL;DR Routine initial ownership disclosure showing equity compensation with modest direct ownership; filing delay appears administrative, not substantive.
The filing documents equity alignment through restricted stock units awarded over three years, with unvested grants that vest in equal installments starting a year after each grant date. The presence of vested RSUs and a direct purchase of 200 shares indicates some immediate economic ownership alongside long-term incentive awards. The two-business-day late filing is explained as an administrative delay tied to SEC account processing, which does not materially change ownership facts reported.
TL;DR Standard Section 16 disclosure; shows executive compensation structure and minor reporting delay due to system onboarding.
The report is an initial Section 16 filing reflecting both vested and unvested restricted stock units, consistent with typical executive compensation governance. Vesting schedules are described as three equal installments per grant, which aligns executive incentives to multi-year retention. The tardiness is documented and attributed to SEC EDGAR Next account issuance, a procedural issue rather than a governance concern about undisclosed transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Footnotes (1)
- This Form 3 is a late filing by 2 business days due to the backlog by the SEC in processing Form ID requests for the reporting persons SEC codes under the new Edgar Next system. The filing was made immediately after receiving the reporting persons SEC codes. These securities represent unvested restricted stock units granted on 12/8/2022, 11/30/2023, and 12/2/2024, and vest in three equal installments commencing one year after the date of grant. These securities represent 1,688 vested restricted stock units and 200 shares from a direct purchase.