JACK chair sells 5,911 shares for tax withholding
Jack in the Box Inc. executive chairman and interim CEO Mark James King reported an automatic sale of 5,911 shares of common stock at $12.53 per share.
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Rhea-AI Filing Summary
Jack in the Box Inc. executive chairman and interim CEO Mark James King reported an automatic sale of 5,911 shares of common stock at $12.53 per share. According to the footnote, the shares were sold solely to cover tax withholding obligations upon vesting of restricted stock units under the company’s automatic sell-to-cover policy. After this transaction, he directly holds 193,178 shares, so the filing reflects a routine tax-related disposition rather than a discretionary open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 5,911 | $12.53 | $74K |
Footnotes (1)
- F1. Disposition of shares to satisfy tax withholding obligation upon vesting of restricted stock units pursuant to the Company's policy for an automatic sell-to-cover stated in the grant agreement.
Key Figures
Key Terms
restricted stock units financial
sell-to-cover financial
tax withholding obligation financial
open-market sale financial
FAQ
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What insider transaction did JACK executive Mark James King report?
Was the JACK insider sale by Mark James King a discretionary trade?
What is the purpose of the automatic sell-to-cover policy mentioned for JACK?
AI-generated analysis. How Rhea-AI works. Not financial advice.