Jack in the Box (JACK) SVP CTO discloses vested shares and tax sales
Rhea-AI Filing Summary
Jack in the Box senior executive equity transactions disclosed
Jack in the Box Inc.'s Senior Vice President and Chief Technology Officer, Richard D. Cook, reported several equity transactions dated 12/03/2025. He acquired 2,812 shares of common stock at a price of $0.00, reflecting vested shares issued for achieving pre-established performance goals for the 2023–2025 performance share period under the company's 2004 Stock Incentive Plan.
On the same date, he disposed of 868 shares at $19.0832, 378 shares at $19.0826, and 541 shares at $19.0817. These share sales were made to satisfy tax withholding obligations tied to the vesting and issuance of performance shares and restricted stock units under an automatic sell-to-cover policy in the grant agreements. After these transactions, he beneficially owned 27,193 shares of Jack in the Box common stock directly.
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FAQ
What insider transaction did JACK's SVP Chief Technology Officer report?
Richard D. Cook, SVP and Chief Technology Officer of Jack in the Box Inc. (JACK), reported equity transactions on 12/03/2025 involving the acquisition of vested performance shares and the sale of shares to cover tax withholding obligations.
How many JACK shares did the executive acquire in this Form 4 filing?
He acquired 2,812 shares of common stock at a price of $0.00, representing shares vested and issued for achieving pre-established performance goals for the 2023–2025 performance share period under the 2004 Stock Incentive Plan.
How many JACK shares were sold to cover tax withholding?
He disposed of 868 shares at $19.0832, 378 shares at $19.0826, and 541 shares at $19.0817. These sales were made to satisfy tax withholding obligations upon vesting of performance shares and restricted stock units under the company's automatic sell-to-cover policy.
How many JACK shares does the reporting person own after these transactions?
Following the reported transactions on 12/03/2025, Richard D. Cook beneficially owned 27,193 shares of Jack in the Box Inc. common stock directly.
What plan governed the performance shares in this JACK insider filing?
The performance shares were granted under Jack in the Box Inc.'s 2004 Stock Incentive Plan, with vesting tied to the achievement of pre-established performance goals for the fiscal year performance period 2023–2025.
Why were some JACK shares automatically sold in this Form 4?
The filing explains that certain shares were disposed of to satisfy tax withholding obligations upon the vesting and issuance of performance shares and restricted stock units, pursuant to the company's automatic sell-to-cover policy stated in the grant agreements.