Form 4: Brinker International EVP & CFO Joseph Taylor Reports Share Transactions and Departure
SEC Form 4
Joseph Taylor, EVP & CFO of Brinker International, reports acquisition and disposal of common stock, ceasing Section 16 reporting due to departure from the company.
Summary
- On August 19, 2024, Joseph G. Taylor, EVP & CFO of Brinker International, acquired 5,733 shares of common stock at $0.
- On the same day, he disposed of 2,066 shares of common stock at $66.95.
- Following these transactions, Taylor directly owns 60,328 shares of Brinker International common stock.
- Effective June 27, 2024, Taylor is no longer employed by Brinker International and will no longer be subject to Section 16 reporting requirements.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions and a change in employment status, indicating a neutral sentiment.
Future Outlook
The reporting person will no longer report any transactions on Form 4 or Form 5.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and a change in employment status, common in the corporate environment.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| EVP & CFO | Joseph G. Taylor | June 27, 2024 | Departure from the company |
Stakeholder Impact
- Shareholders are informed of insider transactions and a change in executive leadership.
- Employees may experience changes due to the departure of the CFO.
Key Dates
| Date | Description |
|---|---|
| June 27, 2024 | Effective date of Joseph Taylor's departure from Brinker International. |
| August 19, 2024 | Date of common stock acquisition and disposal transactions. |
| August 20, 2024 | Date of signature for the Form 4 filing. |
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