Jack in the Box (JACK) CEO has shares withheld for tax payment
Rhea-AI Filing Summary
Jack in the Box Inc. director and CEO Lance F. Tucker reported a tax-related share disposition. On this Form 4, he had 1,434 shares of common stock withheld by the company at $16.92 per share to cover taxes owed on previously granted restricted stock units that vested. After this withholding transaction, he directly owned 202,634 shares of Jack in the Box common stock. This filing reflects a tax-withholding event, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,434 shares
Net Sell
1 txn
Insider
Tucker Lance F.
Role
DIRECTOR & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK | 1,434 | $16.92 | $24K |
Holdings After Transaction:
COMMON STOCK — 202,634 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy taxes due by the Reporting Person in connection with the vesting of restricted stock units previously reported on a Form 4.
FAQ
What insider transaction did JACK CEO Lance F. Tucker report on this Form 4?
Lance F. Tucker reported a tax-withholding disposition of Jack in the Box common stock. The company withheld 1,434 shares to cover taxes due on vested restricted stock units previously reported on an earlier Form 4 filing.
Is Lance F. Tucker’s JACK transaction a market sale or a tax withholding?
The transaction is a tax withholding, not an open-market sale. Shares were withheld by Jack in the Box to satisfy taxes on vested restricted stock units, using stock instead of cash to cover the liability.
What does transaction code F mean in this JACK Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. Here, it shows Jack in the Box withheld 1,434 shares from Lance F. Tucker to cover income taxes on vested restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.