Form 4: Cheesecake Factory President David M. Gordon Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David M. Gordon, President of Cheesecake Factory, reports the withholding of shares to cover tax obligations and the holding of restricted stock.
Summary
- On April 1, 2024, Cheesecake Factory withheld 2,452 shares of common stock from David M. Gordon, President, to cover tax obligations related to the vesting of restricted stock.
- The price per share for the tax withholding was $36.6.
- Following the transaction, Gordon directly owns 33,835 shares of common stock.
- Gordon also directly owns 49,380 shares of restricted stock subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the restaurant industry and public companies in general.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Shares withheld for tax obligations and vesting of restricted stock. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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