Katzman James C 4

What Happened
James C. Katzman, a director of Brinker International, sold 447 shares of Brinker stock on February 11, 2026 in an open-market transaction at $164.19 per share, generating proceeds of approximately $73,393. This was a sale (not a purchase), so it is typically considered routine insider selling rather than a bullish purchase signal.

Key Details

• Transaction date: February 11, 2026
• Price: $164.19 per share; Shares sold: 447; Total proceeds: ~$73,393
• Filing date / accession: Form 4 filed February 12, 2026 (timely, one day after the transaction)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Katzman on June 5, 2025

Context
Sales executed under a 10b5-1 plan are pre-arranged and commonly used by insiders to systematically sell shares while reducing questions about trading on material nonpublic information. For retail investors, routine sales by directors are less informative than purchases; this single, small sale does not necessarily indicate a change in company outlook.