JACK Form 4: SVP Carl Mount sells 589 shares for tax withholding
Rhea-AI Filing Summary
CARL MOUNT, SVP and Chief Supply Chain Officer of Jack in the Box Inc. (JACK), reported a disposition of 589 shares of common stock on 09/10/2025 at a price of $19.7394 per share. The filing states the shares were sold to satisfy tax withholding obligations upon vesting of restricted stock units under the company’s automatic sell-to-cover policy. After the transaction, the reporting person beneficially owned 20,693 shares directly. The Form 4 reflects a routine insider tax-related sale rather than an open-market trading decision.
Positive
- Disposition executed as an automatic sell-to-cover to satisfy tax withholding under the grant agreement
- Form discloses post-transaction beneficial ownership (20,693 shares), providing transparency
Negative
- None.
Insights
TL;DR: Routine sell-to-cover tax withholding; small disposition relative to typical executive holdings.
The Form 4 documents a disposition of 589 shares executed as an automatic sell-to-cover to satisfy tax obligations from RSU vesting. The transaction code and explanation specifically reference the grant agreement's sell-to-cover mechanism, indicating this was not a discretionary sale for cash needs or signal of a change in view on company prospects. Remaining direct beneficial ownership of 20,693 shares is reported.
TL;DR: Compliance-focused insider action consistent with standard equity compensation practice.
The reporting person followed the company’s prescribed mechanism to satisfy tax withholding upon RSU vesting, which aligns with standard governance and compensation administration. The filing is transparent about the reason for the disposition and includes the post-transaction ownership figure, supporting routine disclosure obligations under Section 16.