Jack in the Box (JACK) SVP logs small 254-share sell-to-cover trade
Rhea-AI Filing Summary
Jack in the Box Inc. senior vice president and chief people officer Steven Piano reported a small automatic share sale related to equity compensation. On 12/30/2025, he disposed of 254 shares of common stock at a price of $19.46 per share, coded as a sale transaction. The filing explains that these shares were sold to satisfy tax withholding obligations when restricted stock units vested under the company’s automatic sell-to-cover policy in the grant agreement.
After this transaction, Piano directly held 41,067 shares of Jack in the Box common stock. The filing was made on Form 4 as an individual filing for a company officer, and reflects routine administration of stock-based compensation rather than a discretionary open-market reduction of his overall holdings.
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FAQ
What insider transaction did JACK report for Steven Piano?
Jack in the Box reported that Steven Piano, its SVP and chief people officer, sold 254 shares of common stock on 12/30/2025. The sale price was $19.46 per share, and it was reported on Form 4 as a routine insider transaction.
Why did Steven Piano sell 254 JACK shares in this Form 4 filing?
The filing states that the 254 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 described in the grant agreement.
How many JACK shares does Steven Piano own after this reported transaction?
Following the reported sale of 254 shares, Steven Piano beneficially owns 41,067 shares of Jack in the Box common stock in direct form, as shown in the Form 4.
What was the sale price of the JACK shares in this insider transaction?
The Form 4 shows that the 254 shares of Jack in the Box common stock were sold at a price of $19.46 per share in the transaction dated 12/30/2025.
What is Steven Piano’s role at Jack in the Box (JACK)?
According to the Form 4, Steven Piano is an officer of Jack in the Box Inc., serving as SVP, Chief People Officer, and he filed the report as a single reporting person.
Was this JACK insider transaction part of a sell-to-cover for equity awards?
Yes. The explanation notes that the disposition of 254 shares was to cover tax withholding upon vesting of restricted stock units, in line with the company’s automatic sell-to-cover policy in the grant agreement.