May Scarlett 4
4 · CHEESECAKE FACTORY INC · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cheesecake Factory EVP May Scarlett Withholds Shares for Taxes
What Happened
May Scarlett, EVP and General Counsel of Cheesecake Factory Inc. (CAKE), had a total of 3,183 shares withheld by the company on February 16, 2026 to satisfy tax withholding obligations related to vested equity awards. The filing shows 1,667 shares withheld at $58.67 each (value $97,803) and 1,516 shares withheld at $58.67 each (value $88,944), for a combined value of $186,747. These were company-withheld dispositions (tax withholding), not open-market sales or purchases.
Key Details
- Transaction date: 2026-02-16; Filing date: 2026-02-17 (timely).
- Price used for withholding: $58.67 per share.
- Shares withheld/disposed: 1,667 and 1,516 (total 3,183). Total value approx. $186,747.
- Footnotes: F1 = withholding for Restricted Stock Award vesting; F2 = withholding for Performance Share Award vesting; F3 notes some shares are subject to forfeiture.
- Shares owned after the transaction: not specified in the supplied excerpt of the filing.
- Transaction code: F (tax withholding).
Context
These transactions reflect a routine cashless/withholding settlement where the issuer retains shares to cover the insider’s tax liability upon vesting. Such withholdings are administrative and do not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-16$58.67/sh−1,667$97,803→ 28,212 total - Tax Payment
Common Stock
[F2]2026-02-16$58.67/sh−1,516$88,944→ 30,921 total
- 31,734
Common Stock
[F3]
Footnotes (3)
- [F1]Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on February 16, 2026, from the vesting of Restricted Stock Awards.
- [F2]Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on February 16, 2026, from the vesting of Performance Share Awards.
- [F3]Shares of restricted stock subject to forfeiture.