Chili's Operating Chief Sold Into the Recent Rally. Here's What to Know
White's disposition comes after a 50% one-year stock rally, though he retains 42,756 directly held shares worth roughly $10.1 million.
Overview
Aaron M. White, the EVP, COO and CPO of Brinker International, Inc. (NYSE:EAT), disposed of 25,736 shares of common stock at $239.51 per share on August 13 and August 14, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($239.51); post-transaction value based on the August 14 market close ($237.15).
Details
Brinker International is a substantial casual dining operator with a market capitalization of $10.2 billion and TTM revenue of $5.7 billion, positioning it as a significant player in the North American restaurant industry. The company's dual-brand portfolio and diversified geographic footprint provide operational leverage and brand diversification, while its franchise model enables capital-efficient expansion. With a strong recent performance trajectory reflected in a roughly 50% one-year share price appreciation, Brinker demonstrates resilience and operational execution in the consumer cyclical dining sector.
Source
Originally published at www.fool.com.