Form 4: Brinker International EVP & CFO Joseph Taylor Exercises Options and Sells Shares
SEC Form 4
EVP & CFO of Brinker International, Joseph Taylor, executed stock options and sold 40,050 shares of common stock on May 13, 2024.
Summary
- On May 13, 2024, Joseph Taylor, the EVP & CFO of Brinker International, exercised employee stock options to acquire a total of 40,050 shares of common stock.
- These options were exercised at strike prices of $54.33, $43.35, and $38.51.
- Concurrently, Taylor sold 40,050 shares of common stock at a weighted average price of $60.45, with individual sales ranging from $60.23 to $60.82.
- Following these transactions, Taylor directly owns 66,286 shares of Brinker International common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived differently by stakeholders; some might see it as a lack of confidence, while others might view it as a normal part of personal financial management.
Key Dates
| Date | Description |
|---|---|
| 08/25/2017 | Date options vest for 6,093 shares at $54.33 |
| 08/30/2019 | Date options vest for 14,009 shares at $43.35 |
| 08/29/2020 | Date options vest for 19,948 shares at $38.51 |
| 05/13/2024 | Date of stock option exercise and share sale |
| 05/14/2024 | Date of signature by Attorney-in-Fact |
| 08/25/2024 | Expiration date for options for 6,093 shares at $54.33 |
| 08/30/2026 | Expiration date for options for 14,009 shares at $43.35 |
| 08/29/2027 | Expiration date for options for 19,948 shares at $38.51 |
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