Jack in the Box (JACK) leader sells 5,626 shares in tax sell-to-cover
Rhea-AI Filing Summary
Jack in the Box Inc. director and Exec Chairman & Interim CEO Mark James King reported a sale of 5,626 shares of common stock on 2026-07-21 at $14.70 per share. According to the disclosure, the shares were sold to satisfy tax withholding obligations upon vesting of restricted stock units under an automatic sell-to-cover policy. Following this transaction, King directly holds 187,552 shares of Jack in the Box common stock.
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Insider Trade Summary
Net Seller: 5,626 shares
Net Sell
1 txn
Insider
King Mark James
Role
Exec Chairman & Interim CEO
Sold
5,626 shs ($83K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK F1 | 5,626 | $14.70 | $83K |
Holdings After Transaction:
COMMON STOCK — 187,552 shares (Direct)
Footnotes (1)
- F1. Disposition of shares to satisfy tax withholding obligation upon vesting of restricted stock units pursuant to the Company's policy for an automatic sell-to-cover stated in the grant agreement.
Key Figures
Shares sold: 5,626 shares
Sale price per share: $14.70 per share
Shares owned after transaction: 187,552 shares
3 metrics
Shares sold
5,626 shares
Common stock sold on 2026-07-21
Sale price per share
$14.70 per share
Price for the 5,626-share disposition
Shares owned after transaction
187,552 shares
Direct holdings of Mark James King following the sale
Key Terms
restricted stock units, tax withholding obligation, sell-to-cover, common stock
4 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"
sell-to-cover financial
"policy for an automatic sell-to-cover stated in the grant agreement"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
common stock financial
"security_title: COMMON STOCK with a reported sale"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did JACK report for Mark James King?
Jack in the Box reported that Exec Chairman & Interim CEO Mark James King sold 5,626 shares of common stock at $14.70 per share on 2026-07-21 to cover tax withholding on vesting restricted stock units.
Was the JACK insider sale under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, so the transaction is not affirmed as being under a Rule 10b5-1 plan. However, it is described as an automatic sell-to-cover for tax withholding.