Cheesecake Factory (CAKE) director gets 2,490-share stock award via LLC
Rhea-AI Filing Summary
CAPPELLO ALEXANDER L reported acquisition or exercise transactions in this Form 4 filing.
CHEESECAKE FACTORY INC director Alexander L. Cappello reported an indirect equity award rather than an open-market trade. Maricopa Capital LLC, of which he is the sole shareholder, received a grant of 2,490 shares of Common Stock at a reported price of $0.00 per share, reflecting stock-based director compensation. Following this award, Maricopa Capital LLC holds 8,661 shares indirectly for Cappello. Separate from this, 178 shares are held in custodial accounts for his children, with his spouse acting as custodian.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
CAPPELLO ALEXANDER L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,490 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,661 shares (Indirect, By Maricopa Capital LLC)
Footnotes (1)
- Represents fully vested stock units automatically granted immediately following the annual shareholders meeting under the issuer's director compensation program. The reported securities are held by Maricopa Capital LLC of which the reporting person is the sole shareholder. Held in custodial accounts for Mr. Cappello's children with his spouse acting as custodian.
Key Figures
Stock award: 2,490 shares
Award price: $0.00 per share
Indirect LLC holdings: 8,661 shares
+1 more
4 metrics
Stock award
2,490 shares
Grant of Common Stock to Maricopa Capital LLC
Award price
$0.00 per share
Reported price for granted shares
Indirect LLC holdings
8,661 shares
Total Cheesecake Factory shares held by Maricopa Capital LLC after grant
Custodial holdings
178 shares
Shares held in custodial accounts for Cappello’s children
Key Terms
fully vested stock units, director compensation program, Grant, award, or other acquisition, indirect ownership, +1 more
5 terms
fully vested stock units financial
"Represents fully vested stock units automatically granted immediately following the annual shareholders meeting"
director compensation program financial
"automatically granted immediately following the annual shareholders meeting under the issuer's director compensation program"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"The reported securities are held by Maricopa Capital LLC of which the reporting person is the sole shareholder."
custodial accounts financial
"Held in custodial accounts for Mr. Cappello's children with his spouse acting as custodian."
Custodial accounts are savings or investment accounts managed by an adult for a minor until they reach a certain age. Think of it as a digital piggy bank controlled by a guardian, where money or assets are held in trust for someone too young to manage them on their own. These accounts matter to investors because they provide a way to save or invest on behalf of a child, often for future education or other needs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did CAKE director Alexander Cappello report?
Alexander Cappello reported an indirect equity grant, not an open-market trade. Maricopa Capital LLC received 2,490 Cheesecake Factory common shares as a stock-based award under the company’s director compensation program, increasing its total indirect holdings reported for him.
What are Alexander Cappello’s indirect CAKE holdings after the grant?
After the grant, Maricopa Capital LLC holds 8,661 Cheesecake Factory shares indirectly for Alexander Cappello. In addition, 178 shares are held in custodial accounts for his children, with his spouse acting as custodian, reflecting another indirect ownership line.
What does the custodial account entry in the CAKE Form 4 mean?
The filing includes 178 shares held in custodial accounts for Mr. Cappello’s children. A footnote clarifies these accounts are for his children with his spouse acting as custodian, so this position is reported as indirect ownership separate from the Maricopa Capital LLC holdings.