Cheesecake Factory (CAKE) CEO logs tax withholding of 14,785 shares
Filing Impact
Filing Sentiment
Form Type
4
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
4 transactions reported
Mixed
4 txns
Insider
OVERTON DAVID
Role
CHAIRMAN AND C.E.O.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 14,785 | $60.57 | $896K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,036,288 shares (Indirect, By Trust);
Common Stock — 240,013 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 held by the David M. Overton Family Trust of which Mr. Overton is trustee. 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. 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. Shares of restricted stock subject to forfeiture.
FAQ
What insider transaction did CAKE Chairman David Overton report?
David Overton reported an issuer tax-withholding transaction, not an open-market trade. On February 10, 2026, The Cheesecake Factory withheld 14,785 common shares at $60.57 solely to cover tax obligations from the vesting of restricted stock granted to him.
Was David Overton’s CAKE Form 4 a stock sale in the market?
No, the Form 4 shows shares withheld by the company, not sold in the market. The 14,785 shares were retained by the issuer specifically to satisfy tax withholding tied to restricted stock vesting on February 10, 2026, for David Overton.
What role does David Overton hold at The Cheesecake Factory Inc.?
David Overton is reported as both chairman and chief executive officer of The Cheesecake Factory Inc. The Form 4 identifies him as a director and officer, with the officer title listed specifically as “CHAIRMAN AND C.E.O.” in the relationship section.