Jack in the Box (JACK) interim CEO awarded 186,901-share equity grant
Rhea-AI Filing Summary
King Mark James reported acquisition or exercise transactions in this Form 4 filing.
JACK IN THE BOX INC reported that Exec Chairman & Interim CEO Mark James King received an equity grant of 186,901 shares of common stock as a compensation award. The award is structured as restricted stock units that vest in twelve equal monthly installments starting one month after the grant date.
After this grant, King directly holds 199,089 shares of common stock. Footnote disclosure states that after-tax net shares from this award are subject to a 50% holding requirement until he meets a multiple-of-salary stock ownership requirement, reinforcing ongoing alignment with shareholders.
Positive
- None.
Negative
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Insights
Large, structured equity grant to executive chair, compensation-related and not a market trade.
Exec Chairman & Interim CEO Mark James King received 186,901 restricted stock units as a share-based award at a stated price of $0.0000 per share, indicating compensation rather than an open-market purchase. The shares follow a twelve-month vesting schedule beginning one month after grant.
The filing shows King holding 199,089 shares directly after the grant, so this award represents most of his reported equity position. Footnote terms require 50% of after-tax net shares to be held until a multiple-of-salary stock ownership requirement is met, tying a portion of his wealth to JACK IN THE BOX INC performance over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 186,901 | $0.00 | $0.00 |
Footnotes (1)
- F1. These securities are restricted stock units that vest in twelve equal installments commencing one month from the grant date, with after-tax net shares subject to a 50% holding requirement until meeting a multiple of salary stock ownership requirement.
Key Figures
Key Terms
restricted stock units financial
stock ownership requirement financial
grant, award, or other acquisition financial
AI-generated analysis. How Rhea-AI works. Not financial advice.