Jack in the Box (JACK) SVP sells 922 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JACK IN THE BOX INC executive Steven Piano, SVP and Chief People Officer, disposed of shares to cover taxes tied to equity compensation. On this Form 4, he sold 922 shares of common stock at an average price of $12.0992 per share. A footnote explains the disposition satisfied tax withholding obligations upon vesting of restricted stock units under the company’s automatic sell-to-cover policy. After this transaction, he directly holds 40,145 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 922 shares ($11,155)
Net Sell
1 txn
Insider
Piano Steven
Role
SVP, CHIEF PEOPLE OFFICER
Sold
922 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 922 | $12.0992 | $11K |
Holdings After Transaction:
COMMON STOCK — 40,145 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 922 shares
Sale price per share: $12.0992 per share
Shares held after transaction: 40,145 shares
3 metrics
Shares sold
922 shares
Common stock disposed of on 2026-05-04
Sale price per share
$12.0992 per share
Average price for the 922 shares sold
Shares held after transaction
40,145 shares
Direct ownership following the sale
Key Terms
restricted stock units, tax withholding obligation, automatic sell-to-cover, Form 4
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"
automatic sell-to-cover financial
"pursuant to the Company's policy for an automatic sell-to-cover stated"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did JACK (JACK) executive Steven Piano report?
Steven Piano reported a disposition of Jack in the Box common stock. The Form 4 shows he sold shares to satisfy tax withholding obligations arising from restricted stock unit vesting under the company’s automatic sell-to-cover policy stated in the grant agreement.
What role does Steven Piano hold at JACK (JACK) as disclosed in the Form 4?
Steven Piano serves as Senior Vice President and Chief People Officer at Jack in the Box. The Form 4 identifies him as an officer of the company and shows this title alongside the reported tax-related disposition of common stock shares.