Form 4: Cheesecake Factory CFO Matthew Clark Reports Stock Transactions
SEC Form 4 Filing
Matthew Clark, CFO of Cheesecake Factory, reports acquisition and disposal of company stock, including restricted stock awards and performance share awards, on February 13, 2025.
Summary
- On February 13, 2025, Matthew Clark, the CFO of Cheesecake Factory, reported transactions involving the company's common stock.
- These transactions include the acquisition of 13,350 shares of restricted stock and 4,712 performance share awards.
- The restricted stock award vests over time, with 60% vesting on February 13, 2028, and 20% vesting on each of February 13, 2029, and February 13, 2030, contingent upon continued service.
- The performance share awards are based on the attainment of performance goals from February 2022, with 78% of the awards eligible to vest based on continued service.
- 40% of the attained performance shares will vest on February 10, 2026, and 20% on February 10, 2027, subject to continued service.
- Clark's beneficial ownership following the reported transactions is 48,663 shares.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment.
Future Outlook
The vesting of the restricted stock and performance share awards is contingent upon the Reporting Person's continued service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's ongoing investment in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The vesting of stock awards incentivizes the CFO to remain with the company and contribute to its success.
Key Dates
| Date | Description |
|---|---|
| February 2022 | Date of the underlying performance goals for the performance share awards. |
| February 13, 2025 | Date of the reported stock transactions. |
| February 10, 2026 | Date when 20% of the attained performance shares will vest. |
| February 10, 2027 | Date when 20% of the attained performance shares will vest. |
| February 13, 2028 | Date when 60% of the restricted stock award vests. |
| February 13, 2029 | Date when 20% of the restricted stock award vests. |
| February 13, 2030 | Date when 20% of the restricted stock award vests. |
| February 18, 2025 | Date of signature on the Form 4 filing. |
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