George S. Felix, EVP and chief marketing officer at Brinker International, Inc. (NYSE:EAT), disposed of 21,501 shares on August 13 and August 14, according to an SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($240.01); post-transaction value based on the August 14 market close ($237.15).
Key questions
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How did the tax withholding component affect the overall transaction volume?
The filing indicates that 7,152 shares were withheld to cover tax liabilities associated with the vesting of 19,730 shares on August 13, while the remaining 14,349 shares were sold -
What is the insider’s remaining direct equity exposure?
Following the disposition, the EVP retains direct ownership of 6,293 shares, which represent an insider ownership percentage of 0.01% and a market value of $1.49 million as of the August 14 close. -
What are the core business operations of Brinker International?
The company manages and licenses casual dining establishments, primarily through its Chili’s and Maggiano’s brands, and operated a footprint of over 1,600 restaurants. -
What is the company’s current <a href="https://bitcomme.com/details-emerge-on-blackfiles-recent-attacks-on-financial-companies/” title=”Details emerge on BlackFile's recent attacks on financial companies”>financial profile?
Brinker International maintains a market capitalization of $10.2 billion and reported trailing-twelve-month revenue of $5.7 billion and net income of $462.9 million.
Company Overview
Company Snapshot
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Brinker International operates and licenses casual dining restaurants primarily under two flagship brands: Chili’s Grill & Bar and Maggiano’s Little Italy, generating revenue through food and beverage sales across domestic and international markets.
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The company operates a multi-unit restaurant portfolio with company-owned, managed, and franchised locations, generating revenue through restaurant operations, franchise fees, and licensing arrangements.
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The company serves casual-dining consumers seeking moderately priced meals in a relaxed atmosphere, with its primary customer base concentrated in North America and select international markets.
Brinker International operates one of the largest casual dining restaurant portfolios in North America with over 1,600 restaurants. 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.
