Form 4: First Watch Restaurant Group Executive Matthew Eisenacher Reports Stock Option Exercises and Share Sales
SEC Form 4
Matthew Eisenacher, Chief Brand Officer of First Watch Restaurant Group, executed stock options and sold shares on March 6, 2024, according to a recent SEC Form 4 filing.
Summary
- On March 6, 2024, Matthew Eisenacher, Chief Brand Officer of First Watch Restaurant Group, exercised stock options to acquire 5,571 shares at $13.52 and 14,429 shares at $12.58.
- Following the exercise of these options, Eisenacher sold 20,000 shares of common stock at $24.17.
- After these transactions, Eisenacher directly owns 16,108 shares of First Watch Restaurant Group.
- Eisenacher also holds options to purchase 21,201 shares at $13.52 and 28,861 shares at $12.58.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/01/2021 | 3,212 stock options vested. |
| 04/01/2022 | 3,213 stock options vested. |
| 10/01/2022 | 3,568 stock options vested. |
| 04/01/2023 | 3,213 stock options vested. |
| 03/25/2023 | 14,429 stock options vested. |
| 10/01/2023 | 3,570 stock options vested. |
| 03/06/2024 | Matthew Eisenacher exercised stock options and sold shares. |
| 03/06/2024 | Date of Form 4 filing. |
| 04/01/2024 | 3,213 stock options will vest. |
| 03/25/2024 | 14,430 stock options will vest. |
| 06/30/2024 | 3,570 stock options will vest. |
| 04/01/2025 | 3,213 stock options will vest. |
| 03/25/2025 | 14,431 stock options will vest. |
| 04/01/2030 | Expiration date for some stock options. |
| 03/25/2032 | Expiration date for some stock options. |
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