Brinker (EAT) CFO Michaela Ware Sells Shares

What Happened

Michaela M. Ware, CFO of Brinker International (EAT), disposed of a total of 3,527 shares in late August/early September 2026. She sold 3,030 shares in an open-market transaction on 2026-09-01 at an average price of $233.48 for proceeds of about $707,444, and 497 shares were disposed on 2026-08-31 in connection with payment of an exercise price or tax liability at $230.35 for $114,484. The combined proceeds were roughly $822,000. These were sales/withholdings (not purchases).

Key Details

• Transaction types: tax/exercise withholding (code F) and open-market sale (code S).
• Dates and prices:
  • 2026-08-31: 497 shares @ $230.35 each (payment of exercise price/tax) — $114,484.
  • 2026-09-01: 3,030 shares @ $233.48 (weighted average) — $707,444. Footnote: sale prices ranged $233.41–$233.53.
• Total shares disposed: 3,527; total proceeds ≈ $821,928.
• Shares owned after the transactions: not specified in the excerpt provided.
• Footnotes: F1 notes the reported open-market price is a weighted average and sales occurred at multiple prices within the stated range; F2 references holdings in the Brinker 401(k) plan (number not provided).
• Filing timeliness: Report filed 2026-09-02 for transactions through 2026-08-31/09-01 — no late filing flag indicated.

Context

The 497-share disposition appears to be a routine withholding to cover taxes/exercise costs related to equity compensation, while the 3,030-share sale was an open-market sale. Such transactions are common for executives to satisfy tax obligations or monetize vested shares and do not, by themselves, indicate company-specific insider sentiment.