Cheesecake Factory (CAKE) CEO logs tax withholding of 14,785 shares
Rhea-AI Filing Summary
Cheesecake Factory chairman and CEO David Overton reported a tax-related share withholding tied to restricted stock vesting. On February 10, 2026, the issuer withheld 14,785 shares of common stock at $60.57 per share solely to satisfy tax withholding obligations, rather than through an open-market sale.
After this transaction, 3,036,288 shares were held indirectly by the David M. Overton Family Trust, where he serves as trustee. Additional indirect holdings include 60,211 shares in a trust for his spouse and 183,950 shares in a 2011 gift trust for his son, for which he disclaims beneficial ownership. Overton also holds 240,013 shares of restricted stock directly, which remain subject to forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 14,785 | $60.57 | $896K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- 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 10, 2026, from the vesting of restricted stock.
- F2. Shares held by the David M. Overton Family Trust of which Mr. Overton is trustee.
- F3. Shares held by Mr. Overton's spouse as trustee for the Sheila A. Overton Living Trust. The reporting person disclaims beneficial ownership of these securities.
- F4. Shares held by the David M. Overton 2011 Gift Trust UTA dated 11/23/2011 for the benefit of the reporting person's son. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities.
- F5. Shares of restricted stock subject to forfeiture.
FAQ
What insider transaction did CAKE Chairman David Overton report?
Was David Overton’s CAKE Form 4 a stock sale in the market?
What role does David Overton hold at The Cheesecake Factory Inc.?
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