Tax withholding trims Jack in the Box (JACK) CEO share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jack in the Box Inc. director and CEO Lance F. Tucker reported a routine tax-related share withholding. On the vesting of previously granted restricted stock units, the company withheld 4,889 shares of common stock at $10.96 per share to cover his tax liability. After this non‑market transaction, he directly holds 197,745 shares of Jack in the Box common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tucker Lance F.
Role
DIRECTOR & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK | 4,889 | $10.96 | $54K |
Holdings After Transaction:
COMMON STOCK — 197,745 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 4,889 shares
Withholding price per share: $10.96 per share
Shares held after transaction: 197,745 shares
3 metrics
Shares withheld for taxes
4,889 shares
Common stock withheld to satisfy tax liability on RSU vesting
Withholding price per share
$10.96 per share
Value used for tax-withholding disposition on common stock
Shares held after transaction
197,745 shares
Direct Jack in the Box common stock holdings after withholding
Key Terms
restricted stock units, tax liability, Form 4, tax-withholding disposition
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units previously reported"
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 liability financial
"to satisfy taxes due by the Reporting Person in connection with the vesting"
Form 4 regulatory
"restricted stock units previously reported on a 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Jack in the Box (JACK) CEO Lance F. Tucker report in this Form 4?
Lance F. Tucker reported a tax-related share withholding, where 4,889 Jack in the Box common shares were withheld by the company to cover taxes on vesting restricted stock units. This is a routine compensation-related event, not an open-market stock sale.
Is the Jack in the Box (JACK) CEO’s transaction an open-market sale?
No, the transaction is coded “F,” meaning shares were withheld to pay taxes on vested restricted stock units. It is a non-market, compensation-related disposition and does not represent the CEO actively selling shares in the open market.
What does transaction code “F” mean in this Jack in the Box (JACK) Form 4?
Transaction code “F” indicates a tax-withholding disposition, where the issuer withholds shares to cover taxes or exercise costs. In this case, Jack in the Box withheld 4,889 shares from CEO Lance F. Tucker upon vesting of restricted stock units.