May Scarlett 4

What Happened

• May Scarlett, Executive Vice President and General Counsel of Cheesecake Factory (CAKE), was granted two awards on Feb 11, 2026: 5,890 shares and 7,043 shares, both reported at $0.00 (total 12,933 shares). These were awards of restricted stock and performance-based restricted stock rather than open‑market purchases or sales.

Key Details

• Transaction date: February 11, 2026; Filing date: February 13, 2026 (appears timely).
• Consideration/price: $0.00 per share (awarded shares, not purchased).
• Awards:
  • 5,890 shares — restricted stock award (F1, F2): subject to forfeiture; service‑vesting of 60% on 2/11/2029, 20% on 2/11/2030 and 20% on 2/11/2031, contingent on continued service.
  • 7,043 shares — performance share award (F3): Compensation Committee certified 91% attainment for Feb 2023 performance awards; service‑vesting of 60% on 2/16/2026, 20% on 2/16/2027 and 20% on 2/16/2028, contingent on continued service.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = restricted stock award and service vesting schedule; F2 = subject to forfeiture; F3 = performance award certificated at 91% with the stated vesting dates.

Context

• These are compensation awards (code A) rather than purchases or sales, so they reflect company compensation decisions and vesting conditions rather than an immediate market signal from the insider buying or selling stock.
• Performance portion was certified at 91% attainment, meaning most of the award is eligible to vest subject to continued service.