Form 4: Brinker Legal Officer Reports Scheduled Stock Transactions

Sentiment:

Insider Transaction Report 2 September 2025 5:46 PM

📋All filings for Brinker International, INC

Brinker International's SVP, Chief Legal Officer, Daniel S. Fuller, reported an acquisition of 1,543 common shares and a subsequent sale of 1,152 shares for tax purposes, executed under a Rule 10b5-1 plan.

Summary

Daniel S. Fuller, SVP, Chief Legal Officer of Brinker International, Inc. (EAT), reported transactions involving the company's common stock.
On August 28, 2025, Mr. Fuller acquired 1,543 shares of common stock at a price of $0 per share, likely as part of an equity grant or award.
Following this acquisition, his direct beneficial ownership increased to 45,484 shares.
On August 29, 2025, Mr. Fuller disposed of 1,152 shares of common stock at a price of $153.96 per share. This disposition was made under transaction code 'F', indicating it was likely for tax withholding purposes related to the acquisition.
After this disposition, his direct beneficial ownership decreased to 44,332 shares.
These transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Additionally, as of August 28, 2025, Mr. Fuller indirectly held 52.301 units of common stock in the Brinker Common Stock Fund under the Brinker International, Inc. 401(k) Savings Plan.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (acquisition and tax-related sale) by a senior officer, executed under a pre-arranged Rule 10b5-1 plan. This indicates a scheduled event rather than a discretionary decision based on new information, resulting in a neutral sentiment.

Positives

Acquisition of 1,543 shares of common stock by a senior officer, increasing their direct stake in the company, even if at a $0 price (likely a grant).

Negatives

Disposition of 1,152 shares of common stock, which reduces the officer's direct beneficial ownership, although it was likely for tax withholding purposes.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: Minor impact as these are routine insider transactions, not indicative of significant changes in company fundamentals or strategy.
Management: Daniel S. Fuller's personal stake in the company has slightly changed due to scheduled equity compensation and tax-related sales.

Key Dates

Date	Description
08/28/2025	Date of common stock acquisition (1,543 shares) and snapshot date for 401(k) plan holdings.
08/29/2025	Date of common stock disposition (1,152 shares) for tax purposes.
09/02/2025	Date the Form 4 was signed by the attorney-in-fact for the reporting person.

Recommendation

hold

The Form 4 filing details routine insider stock transactions by a senior officer, executed under a pre-arranged Rule 10b5-1 plan. These scheduled transactions do not provide new fundamental information about the company's performance or strategic direction that would warrant a change from a 'hold' recommendation. The tax-related sale is a common occurrence for equity compensation.

Keywords

Brinker International, EAT, Form 4, Insider Trading, Stock Acquisition, Stock Sale, Daniel S. Fuller, Chief Legal Officer, Rule 10b5-1 Plan

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