Tax withholding sale by Jack in the Box (NASDAQ: JACK) technology chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jack in the Box Inc. senior vice president and chief technology officer Richard D. Cook reported a sale of 1,025 shares of common stock at $12.0999 per share on May 4, 2026.
According to the footnote, the shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units under the company’s automatic sell-to-cover policy, making this a mechanistic, compensation-related transaction rather than a discretionary trade. Following the sale, he directly holds 40,130 shares of Jack in the Box common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,025 shares ($12,402)
Net Sell
1 txn
Insider
COOK RICHARD D
Role
SVP, CHIEF TECHNOLOGY OFFICER
Sold
1,025 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 1,025 | $12.0999 | $12K |
Holdings After Transaction:
COMMON STOCK — 40,130 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,025 shares
Sale price per share: $12.0999 per share
Shares held after transaction: 40,130 shares
+1 more
4 metrics
Shares sold
1,025 shares
Common stock sold on May 4, 2026
Sale price per share
$12.0999 per share
Price for 1,025 shares sold
Shares held after transaction
40,130 shares
Direct holdings following reported sale
Transaction code
S
Sale transaction with tax-withholding footnote
Key Terms
restricted stock units, tax withholding obligation, automatic sell-to-cover
3 terms
restricted stock units financial
"upon vesting of restricted stock units pursuant to the Company's policy"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"Disposition of shares to satisfy tax withholding obligation upon vesting"
automatic sell-to-cover financial
"pursuant to the Company's policy for an automatic sell-to-cover stated"
FAQ
What insider transaction did JACK in the Box (JACK) report for Richard D. Cook?
Jack in the Box reported that CTO Richard D. Cook sold 1,025 common shares at $12.0999 each. The filing notes this sale was tied to tax withholding on vested restricted stock units under the company’s automatic sell-to-cover policy.
Was the JACK in the Box (JACK) insider sale an open-market trade?
While coded as a sale, the footnote clarifies shares were disposed of to cover tax withholding on vested restricted stock units. This occurred under an automatic sell-to-cover policy, so it is a mechanistic, compensation-related sale rather than a discretionary open-market decision.
What does automatic sell-to-cover mean in JACK in the Box (JACK) filings?
Automatic sell-to-cover means shares are automatically sold when equity awards vest to pay required tax withholding. In this Form 4, Jack in the Box states that Richard D. Cook’s 1,025-share sale was executed under this policy, as described in the grant agreement.