Jack in the Box (JACK) director receives 8,235 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MURPHY MICHAEL W reported acquisition or exercise transactions in this Form 4 filing.
Jack in the Box Inc. director Michael W. Murphy reported an equity award of 8,235 shares of common stock in the form of restricted stock units. These units vest 100% on March 3, 2027 and will be issued on that date unless he elects to defer receipt until his Board service ends. Following this grant, he holds 85,927 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MURPHY MICHAEL W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 8,235 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 85,927 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did JACK director Michael W. Murphy report?
Director Michael W. Murphy reported receiving an equity award of 8,235 restricted stock units of Jack in the Box common stock. The award is recorded at a transaction price of $0.0000 per share, reflecting a grant rather than an open-market purchase or sale.
When do Michael W. Murphy’s new JACK restricted stock units vest?
The 8,235 restricted stock units granted to Michael W. Murphy vest 100% on March 3, 2027. On that date the shares are issued, unless he chooses to defer receipt until the end of his Board service with Jack in the Box.
Was Michael W. Murphy’s JACK transaction a purchase or a grant?
The transaction was a grant or award acquisition, coded “A” on the Form 4, not an open-market purchase. He received 8,235 restricted stock units at a stated transaction price of $0.0000 per share as part of his director compensation.
Can Michael W. Murphy defer receipt of his JACK restricted stock units?
Yes. The footnote explains that the restricted stock units are issued on March 3, 2027 unless he elects to defer receipt. In that case, shares are delivered after his service on Jack in the Box’s Board ends.
What does the Form 4 code “A” mean for the JACK insider transaction?
Code “A” on the Form 4 indicates a grant, award, or other acquisition of securities. In this case, Michael W. Murphy received 8,235 restricted stock units of Jack in the Box common stock as a director equity award, not via market trading.