Fuller Daniel S 4

What Happened

• Daniel S. Fuller, Senior Vice President and Chief Legal Officer at Brinker International (EAT), exercised 5,490 stock options at $38.51 per share (cost = $211,420) on February 6, 2026. On the same date the filing shows a disposition of 5,490 derivative shares (same $211,420) and an open-market sale of 4,042 common shares at a weighted-average price of $167.64 for proceeds of $677,601. The combined activity is consistent with exercising options and selling shares rather than a fresh cash purchase.

Key Details

• Transaction date: 2026-02-06; Form 4 filed 2026-02-10.
• Exercise (code M, acquired): 5,490 shares at $38.51 each — $211,420 total.
• Derivative disposition (code M): 5,490 shares at $38.51 — $211,420 (matches exercise amount).
• Open-market sale (code S): 4,042 shares at weighted avg $167.64 — $677,601 total. Footnote F1: sale prices ranged $167.57–$167.83; weighted-average reported.
• Shares owned after the transaction: not specified in this Form 4 (the filing includes a footnote F2 referencing 401(k) fund units but does not state total post-transaction ownership).
• Other footnotes: F2 notes holdings in the Brinker Common Stock Fund under the company 401(k) as of Feb 6; F3 notes options vest in installments.
• Filing timeliness: Form lists transaction date 2/6 and filing date 2/10 (check the filing if you need confirmation of timeliness).

Context

• The combination of an option exercise, a matching derivative disposition, and an open-market sale is consistent with a cashless exercise or “sell-to-cover” where exercised shares are used to cover the exercise cost/taxes and some shares are sold for proceeds. Such transactions are common for option exercises and are generally routine liquidity events rather than explicit positive or negative signals about company prospects.