Transaction Details

Footnotes

This is a one-time retention award of restricted stock units. These securities are restricted stock units that vest in three equal installments one year from the grant date, with after-tax net shares subject to a 50% holding requirement until the executive meets their multiple of salary stock ownership requirement. | Each PSU represents a contingent right to receive one share of Jack in the Box common stock. | The reported PSUs are eligible to become earned based on achievement of two stock price appreciation hurdles over a three-year performance period from the date of grant, subject to continued employment through the end of the performance period. The average closing trading price of the Company's common stock must meet or exceed the applicable stock price hurdle for 20 consecutive trading days at any point during the three-year performance period to be considered achieved. The number of PSUs that will be earned and the applicable stock price hurdles are: (1) 150% of the PSUs are earned at a price hurdle of $37.19, and (2) 200% of the PSUs are earned at a price hurdle of $49.58. | The number of earned PSUs, if any, will vest at the completion of the three-year performance period provided the reporting person's continued employment with the company.