Insider Trading May 5, 2026 04:30 PM

Jack in the Box Executive Disposes of Shares via Automatic Tax Withholding Protocol

SVP and CTO Richard D. Cook executes sale of 1,025 shares as company navigates leadership transitions and revised sales forecasts.

By Nina Shah JACK

Richard D. Cook, serving as Senior Vice President and Chief Technology Officer at Jack in the Box Inc. (NASDAQ: JACK), has completed a transaction involving the sale of company common stock. The sale, which occurred on May 4, 2026, involved 1,025 shares sold at a price of $12.0999 per share, totaling a value of $12,402. This specific transaction was conducted to satisfy tax withholding obligations following the vesting of restricted stock units, adhering to the company's established automatic sell-to-cover policy outlined in the relevant grant agreement. Following this disposal, Mr. Cook retains a direct ownership stake of 40,130 shares in the corporation.

Jack in the Box Executive Disposes of Shares via Automatic Tax Withholding Protocol
JACK

Key Points

  • An executive sale occurred via an automatic sell-to-cover mechanism for tax obligations related to restricted stock unit vesting.
  • Jack in the Box is undergoing a leadership transition involving new appointments in marketing and the board, alongside upcoming retirements.
  • The consumer discretionary sector is impacted by diverging views on sales forecasts, with analysts projecting sharper declines than company guidance.

Executive Transaction Details

According to recent SEC filings, Richard D. Cook, the Senior Vice President and Chief Technology Officer for Jack in the Box Inc. (NASDAQ: JACK), disposed of a portion of his holdings in the company's common stock. On May 4, 2026, Mr. Cook sold 1,025 shares at a price point of $12.0999 per share. The total value realized from this transaction was $12,402.

The nature of this sale is tied to internal corporate protocols rather than a discretionary market move. The disposition was executed to cover tax withholding obligations triggered by the vesting of restricted stock units. This process follows the company’s predefined sell-to-cover policy as dictated by the terms of the grant agreement. After the completion of this transaction, Mr. Cook's direct ownership in Jack in the Box common stock stands at 40,130 shares.


Corporate Governance and Leadership Shifts

The share sale occurs amidst a period of significant administrative and board-level changes at Jack in the Box Inc. The company recently announced that Katelyn Zborowski has been appointed as the new Chief Marketing Officer, a role she will occupy leveraging more than 15 years of professional experience to direct marketing strategies. On the board level, Eduardo Luz has joined as an independent director. Concurrently, the company is preparing for the retirement of David Goebel and Madeleine Kleiner in May 2026, which will result in the board size being reduced to nine members.

At the most recent annual meeting, stockholders participated in several key votes, including the ratification of an extension for the Stockholder Protection Rights Agreement through July 2028. Additionally, shareholders elected all ten nominees presented by the company, a group that includes Mark King, Alan Smolinisky, and Enrique Ramirez.


Market Context and Financial Outlook

The current trading environment for JACK reflects recent volatility. The stock has traded at approximately $12.84, representing a 36% decline year-to-date. Despite this downward trend, InvestingPro analysis suggests the stock may be undervalued at its current levels, noting a market capitalization of $245 million. However, analysts have expressed caution regarding near-term performance.

Stifel has recently adjusted its outlook for the company, lowering its price target from $18.00 down to $10.00 while maintaining a Hold rating. This revision is driven by a downgraded sales forecast. Specifically, Stifel has projected same-restaurant sales to decline by approximately 3.5% for both the second quarter and the full year of 2026. This projection is more pessimistic than the company's own guidance, which anticipated same-restaurant sales growth ranging from negative 1% to positive 1%.

Risks

  • Weakened sales forecasts: Stifel's projection of a 3.5% decline in same-restaurant sales for 2026 contrasts with company guidance, creating uncertainty for the restaurant sector.
  • Stock volatility and valuation pressure: The stock has experienced a 36% year-to-date decline, reflecting market sensitivity to performance expectations.

More from Insider Trading

Boyd Gaming Chairman Executes $8.45 Million in Stock Sales May 5, 2026 C3.ai Executive Chairman Thomas Siebel Conducts Series of Stock Transactions May 5, 2026 Arista Networks Director Charles Giancarlo Executes $1.4 Million Stock Sale May 5, 2026 Clene Inc. Insider Activity: Ten Percent Owner Disposes of Over $530,000 in Common Stock May 5, 2026 Acadian Asset Management Executive Executes $6.7 Million Stock Sale May 5, 2026