Alex Spero G 4

What Happened Alex Spero G, EVP Operations at Cheesecake Factory Inc. (CAKE), had 1,787 shares of company stock withheld on February 16, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock awards. The shares were valued at $58.67 each, for a total value of approximately $104,843. This was a tax-withholding/share-surrender transaction (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-02-16
• Action: Shares withheld to cover tax withholding (transaction code F)
• Shares involved: 1,787 shares withheld/disposed
• Price per share reported: $58.67; total value ≈ $104,843
• Footnotes: F1 = shares withheld solely to satisfy tax withholding from vested restricted stock; F2 = some shares held via the Alex Family Trust (Alex is trustee); F3 = some shares are restricted and subject to forfeiture
• Shares owned after transaction: not specified in this Form 4 filing
• Filing date: 2026-02-26 — filed about 10 days after the transaction (later than the usual 2-business-day Form 4 deadline)

Context This was a routine tax-withholding transaction associated with restricted stock vesting (a "net issuance" or share-surrender to cover taxes), not an active sale indicating sentiment. Such withholdings are common when equity awards vest and generally don’t reflect a buy/sell decision about the company’s outlook. Note the Form 4 was filed several days after the transaction, which is later than the standard 2-business-day reporting window.