Form 4: Brinker International EVP, Chief Financial Officer, Michaela M Ware, Reports Stock Transaction

Michaela M Ware, EVP and CFO of Brinker International, reports a disposition of 363 shares of common stock to cover tax obligations, while also holding shares indirectly through a 401(k) plan.

Summary

• On August 26, 2024, Michaela M Ware, the EVP and Chief Financial Officer of Brinker International, Inc. (EAT), reported a transaction involving the company's common stock.
• Ware disposed of 363 shares of common stock at a price of $71.12 per share.
• This transaction was related to covering tax obligations.
• Following the transaction, Ware directly owns 24,044.37 shares of Brinker International common stock.
• Ware also indirectly owns 3,259.923 shares through a 401(k) plan as of August 19, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine sale of shares by an executive.

Key Dates