Form 4: Brinker SVP Acquires Shares, Sells for Tax Purposes

Sentiment:

Insider Transaction Report 2 September 2025 5:38 PM

📋All filings for Brinker International, INC

Brinker International's SVP Chief Supply Chain Officer, James M. Butler, reported acquiring 1,221 shares and subsequently selling 692 shares for tax purposes.

Summary

James M. Butler, SVP Chief Supply Chain Officer of Brinker International, Inc. (EAT), reported changes in his beneficial ownership of common stock.
On August 28, 2025, Mr. Butler acquired 1,221 shares of common stock at a price of $0 per share, increasing his holdings to 9,260 shares.
On August 29, 2025, he disposed of 692 shares of common stock at a price of $153.96 per share, reducing his beneficial ownership to 8,568 shares. This disposition is typically for tax withholding related to equity awards.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including an equity award and a subsequent sale for tax purposes, which is a common occurrence and generally neutral in sentiment.

Positives

SVP Chief Supply Chain Officer James M. Butler acquired 1,221 shares of Brinker International common stock, aligning his interests with shareholders.

Negatives

SVP Chief Supply Chain Officer James M. Butler disposed of 692 shares of Brinker International common stock at $153.96 per share, likely for tax obligations.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: The acquisition of shares (even at $0) aligns management's interests with shareholders. The disposition for tax purposes is a common practice and not typically indicative of a lack of confidence.

Key Dates

Date	Description
08/28/2025	Acquisition of 1,221 shares of common stock by James M. Butler.
08/29/2025	Disposition of 692 shares of common stock by James M. Butler.
09/02/2025	Signature date of the Form 4 filing.

Recommendation

hold

The Form 4 filing details routine insider transactions, specifically an equity award and a subsequent sale for tax withholding purposes. These are common occurrences for executives and do not typically signal a significant change in the company's fundamentals or management's outlook, thus warranting a 'hold' recommendation.

Keywords

Brinker International, EAT, Insider Transaction, Form 4, Stock Acquisition, Stock Disposition, James M Butler, SVP Chief Supply Chain Officer

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