A Brinker Insider Ended the Day Owning More Stock. Here's What Long-Term Investors Should Know
Butler's non-discretionary transaction reduced his direct holdings but left him with 19,064 shares worth $4.55 million.
Overview
James M. Butler, the firm's SVP and chief supply chain officer, reported a non-discretionary disposition of 5,802 shares of Brinker International, Inc. (NYSE:EAT) common stock on August 13, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($245.11); post-transaction value based on the August 13 market close ($238.61).
Details
Brinker International is a leading casual dining restaurant operator with a portfolio of over 1,600 restaurants generating $5.7 billion in TTM revenue. The company's diversified brand portfolio and established market presence position it competitively within the casual dining segment, supported by strong operational execution and brand loyalty. With a market capitalization of $10.2 billion and a roughly 50% one-year stock price appreciation, the company demonstrates robust investor confidence and operational momentum.
Source
Originally published at www.fool.com.