Tax-share withholding by Cheesecake Factory (NASDAQ: CAKE) CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cheesecake Factory’s Executive Vice President and Chief Financial Officer, Matthew Eliot Clark, reported a tax-related share withholding on company stock. On February 10, 2026, the issuer withheld 2,864 shares of common stock at $60.57 per share to cover tax obligations arising from the vesting of restricted stock. After this transaction, Clark directly holds 45,670 shares of common stock and 20,804 shares of restricted stock, with the restricted shares noted as subject to forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clark Matthew Eliot
Role
EXEC VP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,864 | $60.57 | $173K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 45,670 shares (Direct)
Footnotes (1)
- 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 10, 2026, from the vesting of restricted stock. Shares of restricted stock subject to forfeiture.
FAQ
What did Cheesecake Factory (CAKE) disclose in this Form 4 filing?
The filing shows Cheesecake Factory’s CFO, Matthew Eliot Clark, had company shares withheld to cover taxes on vested restricted stock. This was a tax-withholding disposition, not an open-market buy or sell transaction, and it updated his reported share holdings.
What does “restricted stock subject to forfeiture” mean for CAKE in this filing?
It means the CFO’s 20,804 restricted shares are still subject to conditions, such as service or performance requirements. If those conditions are not met, some or all of the restricted shares can be forfeited and not fully retained.
Who is the insider involved in this Cheesecake Factory (CAKE) Form 4?
The insider is Matthew Eliot Clark, Executive Vice President and Chief Financial Officer of Cheesecake Factory. He filed individually, reporting a tax-withholding disposition related to restricted stock vesting and his updated direct ownership in company shares.