Form 4: Cheesecake Factory President David Gordon Reports Stock Transaction

David Gordon, President of Cheesecake Factory Inc., reports the disposal of 7,587 shares to cover tax obligations related to vesting restricted stock on February 10, 2025.

Summary

• On February 10, 2025, David Gordon, President of The Cheesecake Factory Inc., disposed of 7,587 shares of common stock to satisfy tax withholding obligations.
• The shares were withheld by the issuer in connection with the vesting of restricted stock.
• The transaction price was $53.01 per share.
• Following the transaction, Gordon directly owns 46,540 shares of common stock and 36,880 shares of restricted stock subject to forfeiture.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations on vested stock, so it doesn't significantly impact sentiment. It's a neutral event.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Form 4, Insider Trading, Stock Transaction, David Gordon, Cheesecake Factory, CAKE, Restricted Stock, Tax Withholding