Hochman Kevin 4

What Happened Kevin Hochman, President & CEO and a director of Brinker International (EAT), disposed of a total of 68,000 shares: he sold 66,000 shares in an open-market sale at a weighted average price of $160.31 for total proceeds of $10,580,460, and he gifted 2,000 shares (reported at $0.00). The open-market sale was reported under a Form 4 filed on 2026-02-02 for transactions dated 2026-01-29 and 2026-01-30. Sales are commonly routine but are generally considered less informative than purchases for gauging insider sentiment; gifts do not necessarily reflect the insider’s view of the company.

Key Details

• Transaction dates: 2026-01-29 (open-market sale) and 2026-01-30 (gift).
• Sale details: 66,000 shares sold; weighted average price $160.31; proceeds reported $10,580,460.
• Gift details: 2,000 shares transferred at $0.00 (reported as a gift/disposition).
• Price range: the shares underlying the weighted average sale price were transacted at prices ranging from $153.27 to $164.25 (per footnote).
• Plan disclosure: transactions were effected under a Rule 10b5-1 trading plan adopted by Mr. Hochman on March 6, 2025.
• Shares owned after the transactions: not specified in the information provided.
• Filing timeliness: Form 4 was filed on 2026-02-02; no late-filing indicator was included in the provided excerpt.

Context

• The sale was executed pursuant to a pre-established 10b5-1 plan, which is commonly used to schedule trades and reduce timing questions; such plans can mean the sale was pre-planned rather than a spontaneous view on the stock.
• Gifts are often estate/tax or personal planning moves and should not be taken alone as a signal of management sentiment.
• For retail investors, purchases by insiders are typically more informative than scheduled sales; this filing documents significant proceeds but does not on its own indicate a change in company fundamentals.