Form 4: Brinker International CEO Kevin Hochman Disposes of Shares for Tax Liability

Brinker International's President and CEO, Kevin Hochman, disposed of 19,160 shares of common stock at $173.95 per share to cover tax liabilities, retaining 170,163 shares.

Summary

• Kevin Hochman, the President and CEO of Brinker International, Inc. (EAT) and President of Chili's, reported a transaction on June 9, 2025.
• The transaction involved the disposition of 19,160 shares of Brinker International Common Stock.
• The shares were disposed of at a price of $173.95 per share.
• This disposition was coded as 'F', indicating it was for the payment of tax liability by withholding securities.
• Following this transaction, Kevin Hochman beneficially owns 170,163 shares of Brinker International Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares by an executive to cover tax liabilities, which is a common administrative event and does not reflect a change in investment sentiment or company performance.

Negatives

• The transaction represents a reduction in the direct beneficial ownership of common stock by a key executive, although it is for tax purposes rather than a discretionary sale.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This specific Form 4 filing details an individual executive's stock transaction for tax purposes and does not provide broader industry context or trends within the restaurant or casual dining sector.

Stakeholder Impact

• Shareholders: The transaction results in a minor reduction in direct insider ownership, but as it's for tax purposes, it typically has minimal impact on shareholder confidence or company valuation.

Key Dates

Recommendation

Keywords

Brinker International, EAT, Kevin Hochman, Form 4, insider transaction, stock disposition, CEO, Chili's, tax liability