OVERTON DAVID 4
4 · CHEESECAKE FACTORY INC · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Cheesecake Factory (CAKE) CEO David Overton Receives Stock Awards
What Happened
- David Overton, Chairman and CEO of Cheesecake Factory (CAKE), was awarded two grants on Feb 11, 2026: 50,350 shares and 63,045 shares of restricted stock (total 113,395 shares) at $0.00 per share (award).
- These are awards (not purchases or sales) and carry forfeiture and vesting conditions; no cash was exchanged at grant.
Key Details
- Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely filing).
- Award sizes: 50,350 shares and 63,045 shares; reported acquisition price $0.00.
- Vesting notes:
- The 50,350-share restricted award vests 60% on 2/11/2029, then 20% on 2/11/2030 and 20% on 2/11/2031, subject to continued service (F1, F2).
- The 63,045-share award reflects performance share awards from Feb 2023 that were certified on 2/11/2026 at 91% achievement; 60% service-vests on 2/16/2026, 20% on 2/16/2027 and 20% on 2/16/2028, subject to continued service (F3, F2).
- Post-transaction beneficial ownership totals are not specified in the provided excerpt.
- Trust holdings/disclaimers: some shares are held in family/spouse trusts and the reporting person disclaims beneficial ownership of certain trust-held shares (F4–F6).
Context
- These were awards (A) — restricted and performance-based — not open-market purchases or sales. Such grants are compensation/retention tools and vest over time or upon performance certification; they do not represent immediate cash investment or divestment by the insider.
- The performance award portion was certified at 91% attainment by the Compensation Committee; vesting remains subject to continued service per the schedules above.
Insider Transaction Report
Form 4
OVERTON DAVID
DirectorCHAIRMAN AND C.E.O.
Transactions
- Award
Common Stock
[F1][F2]2026-02-11+50,350→ 290,363 total - Award
Common Stock
[F3][F2]2026-02-11+63,045→ 353,408 total
Holdings
- 3,036,288(indirect: By Trust)
Common Stock
[F4] - 60,211(indirect: By Trust)
Common Stock
[F5] - 183,950(indirect: By Trust)
Common Stock
[F6]
Footnotes (6)
- [F1]Restricted stock award which vests 60% on 2/11/29 and 20% on each of 2/11/30 and 2/11/31, subject to the Reporting Person's continued service.
- [F2]Shares of restricted stock subject to forfeiture.
- [F3]On February 11, 2026, the Compensation Committee certificated to the attainment of the performance goals underlying the February 2023 grants of performance share awards and determined that 91% of the performance share awards were eligible to vest based on continued service-vesting conditions, with 60% of the shares underlying the award service vesting on February 16, 2026, 20% on February 16, 2027 and 20% on February 16, 2028, subject to the Reporting Person's continued service.
- [F4]Shares held by the David M. Overton Family Trust of which Mr. Overton is trustee.
- [F5]Shares held by Mr. Overton's spouse as trustee for the Sheila A. Overton Living Trust. The reporting person disclaims beneficial ownership of these securities.
- [F6]Shares held by the David M. Overton 2011 Gift Trust UTA dated 11/23/2011 for the benefit of the reporting person's son. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities.
Signature
/s/ David Overton by Scarlett May, Attorney-in-Fact|2026-02-13