Company: JACK
Filing Date: 2025-01-27
Form Type: DEF 14A
Source: 0000807882-25-000004
Chunk: 39

Company: JACK IN THE BOX INC
Filing Date: 2025-01-27
Form: DEF 14A
Chunk 39
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 executive compensation program is designed to attract, incentivize, and retain a talented team of executives who can deliver on our commitment to build long-term shareholder value. The Committee believes our program is competitive in the marketplace, links pay to performance by rewarding our NEOs for achievement of annual and long-term financial and operational / strategic goals, and aligns our NEOs’ interests with the long-term interests of our shareholders by providing a mix of performance and time-based equity awards. Specifically, the largest proportion of compensation paid to our NEOs is based on the Company’s business performance. The Compensation Committee believes shareholders should consider the following key components of our compensation programs and governance practices when voting on this proposal: Pay for Performance Orientation

| • |     | Competitive, Targeted Pay.We target executive base salary, target total cash compensation, and target total direct compensation to deliver competitive pay for performance that meets expectations, and the opportunity for higher pay only if performance exceeds expectations.                                                                                                                                                                                                                                                           |
| • |     | Pay Mix.Our executive compensation program includes a mix of fixed and variable compensation, with the largest proportion of target compensation in the form of annual and long-term incentives that directly tie to achievement of Company financial and strategic goals and drive long-term shareholder value.                                                                                                                                                                                                                           |
| • |     | Long-Term Incentive (“LTI”).Annual equity awards for our NEOs in fiscal 2024 included performance shares (“PSUs”) and time-vested restricted stock units (“RSUs”), equally weighted, with vesting and holding requirements. The PSUs cliff vest after three years based on achievement of performance metrics over a three fiscal year performance period. The grant guidelines, goals, and performance metrics for the PSU awards granted in November 2023 for the performance period fiscal 2024-2026 are further described in the CD&A. |
| • |     | Annual Incentive.For fiscal 2024, our NEOs’ annual incentive opportunity was based on two financial metrics, (1) Consolidated Adjusted EBITDA (weighted 50%) and (2) System Same-Store Sales (weighted 24% for Jack and 6% for Del Taco), and a strategic metric for Development & Growth (weighted 10% for each brand). The total incentive payout attained by our NEOs was 71.9% of target payout as determined by the Board and described further in the CD&A.                                                                          |

Alignment with Long-Term Shareholder Interests

| • |     | Equity Awards. The largest proportion of our NEO