Should You Worry That Another Brinker Executive Sold? Here's What Investors Should Know
The majority of this disposition was non-discretionary and tied to tax obligations from a vesting event amid a record Brinker stock surge.
Overview
Douglas N. Comings, SVP and chief operating officer of Chili's at Brinker International, Inc. (NYSE:EAT), reported the disposition of 11,422 shares on August 13 and August 14, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($241.25); post-transaction value based on the August 14 market close ($237.15).
Details
Brinker International operates one of the largest casual dining restaurant portfolios in North America, with over 1,600 restaurants as of its most recent reporting period. The company maintains a diversified business model combining company-operated units with franchise and management arrangements, enabling capital-efficient expansion and operational leverage. With TTM revenue of $5.7 billion and net income of $462.9 million, Brinker demonstrates strong profitability within the casual dining sector while maintaining significant scale across its restaurant network.
Source
Originally published at www.fool.com.
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