Company: JACK
Filing Date: 2025-01-27
Form Type: DEF 14A
Source: 0000807882-25-000004
Chunk: 32

Company: JACK IN THE BOX INC
Filing Date: 2025-01-27
Form: DEF 14A
Chunk 32
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 year for purposes of evaluating our executive and director compensation and can be found under “Fiscal 2024 Peer Group” in the Compensation Discussion & Analysis (“CD&A”) section of this Proxy Statement. Director Compensation Program Review ____________________________________________________________________________________________________________ The Committee reviews the appropriateness and competitiveness of the compensation program at least every two years. The last review occurred in September 2023 when the Committee’s independent compensation consultant Meridian Compensation Partners (“Meridian”) provided competitive market data for the pay of directors in the Company’s fiscal 2024 Compensation Peer Group. Based on Meridian’s conclusion that the Company’s director compensation program was below the 50 th percentile of pay relative to the 2024 Peer Group, the Board approved increasing the annual cash retainers and restricted stock award value in order to provide market competitive director pay. The changes went into effect following the Annual Meeting of Shareholders in March 2024 as shown under “Summary of Fiscal 2024 Compensation Program.” Director Stock Ownership and Holding Requirements ______________________________________________________________________________________________________ To align the interest of our directors and our shareholders, the Board believes directors should maintain a meaningful personal financial stake in the Company by holding shares of our Common Stock. Our expectations are as follows:

| Key Provisions                  |     | Explanation                                                                                                                 |
| Stock Ownership Requirement     |     | Amount equal to 5 times the annual Board Service cash retainer                                                              |
| Time period to meet expectation |     | Meets expectation within a reasonable period after joining the Board                                                        |
| Shares counted toward ownership |     | Includes direct holdings, unvested time-based RSUs, and deferred stock units and common stock equivalents                   |
| Holding Expectation             |     | Required to hold at least 50% of the shares resulting from the vesting of RSUs until the stock ownership requirement is met |

28 JACK IN THE BOX INC. | 2025 PROXY STATEMENT

| DIRECTOR COMPENSATION AND STOCK OWNERSHIP REQUIREMENTS |

The table below shows each director’s ownership value as of the end of fiscal 2024, based on a closing stock price of $45.41 (the last trading day of fiscal 2024).

| Name        |     | Direct Holdings/ 
    Unvested RSUs 
              (#) |     | Deferred Units / 
     Common Stock 
      Equivalents 
              (#) |     | Total Value(1) 
 ($)            |           |
|:------------|:----|-----------------:|:----|-----------------:|:----