Form 4: Cheesecake Factory EVP, General Counsel Scarlett May Reports Stock Transaction
SEC Form 4 Filing
Scarlett May, EVP and General Counsel of Cheesecake Factory Inc., reports the withholding of shares to cover tax obligations and the holding of restricted stock.
Summary
- On February 10, 2025, Cheesecake Factory withheld 3,476 shares of common stock from Scarlett May to cover tax obligations related to the vesting of restricted stock.
- The price per share for the transaction was $53.01.
- Following the transaction, May directly owns 21,169 shares of common stock and 22,030 shares of restricted stock subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of tax obligation fulfillment related to stock vesting.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding process.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of stock transaction (tax withholding). |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, Scarlett May, CHEESECAKE FACTORY INC, CAKE, stock transaction, restricted stock, tax withholding
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