May Scarlett 4

What Happened
May Scarlett, Executive Vice President and General Counsel of Cheesecake Factory (CAKE), had 1,508 shares of company stock withheld by the issuer to satisfy tax withholding obligations tied to the vesting of restricted stock. The withholding was recorded at $60.57 per share, for a notional value of about $91,340. This was a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: February 10, 2026
• Price used for withholding: $60.57 per share
• Shares withheld/disposed: 1,508 (total value ≈ $91,340)
• Transaction code: F — shares withheld to satisfy tax withholding on vested restricted stock
• Footnotes: F1 = issuer withheld shares solely to meet tax withholding on net issuance from vesting; F2 = some restricted stock is subject to forfeiture
• Filing: Form 4 filed Feb 12, 2026 (within the standard two-business-day reporting window)
• Shares owned after transaction: not specified in the provided filing

Context: This was a routine tax-withholding event tied to restricted stock vesting, not a discretionary open-market sale. Such withholdings are common and generally reflect compensation tax requirements rather than a signal about the insider’s view of the company.