Form 4: Cheesecake Factory EVP, General Counsel Scarlett May Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Scarlett May, EVP and General Counsel of Cheesecake Factory Inc., reports changes in beneficial ownership of common stock due to tax withholding obligations and vesting of restricted stock.
Summary
- On April 1, 2024, Scarlett May, EVP and General Counsel of Cheesecake Factory Inc., had 1,102 shares of common stock withheld by the issuer to satisfy tax obligations related to the vesting of restricted stock at a price of $36.6 per share.
- Following this transaction, May directly owns 15,291 shares of common stock and 27,780 shares of restricted stock subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total outstanding shares of Cheesecake Factory Inc.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Shares withheld for tax obligations related to vesting of restricted stock. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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