Cheesecake Factory (CAKE) executive reports tax withholding of shares
Rhea-AI Filing Summary
Cheesecake Factory Inc. executive Keith Carango reported a tax-related share withholding tied to restricted stock vesting. On February 10, 2026, 1,229 shares of common stock were disposed of at $60.57 per share to cover tax withholding obligations when restricted stock vested.
After this transaction, he directly beneficially owned 22,619 shares of common stock, plus 21,752 shares of restricted stock that remain subject to forfeiture. The filing describes this as a tax-withholding disposition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,229 shares
Net Sell
2 txns
Insider
Carango Keith
Role
PRESIDENT (SUBSIDIARY)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,229 | $60.57 | $74K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,371 shares (Direct)
Footnotes (2)
- 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 of restricted stock subject to forfeiture.
FAQ
What insider transaction did CAKE executive Keith Carango report on February 10, 2026?
Keith Carango reported a tax-related share disposition on February 10, 2026. The company withheld 1,229 shares of Cheesecake Factory common stock to satisfy tax obligations arising from the vesting of restricted stock awarded to him.
What role does Keith Carango hold at Cheesecake Factory (CAKE) in this insider filing?
In this filing, Keith Carango is identified as an officer of Cheesecake Factory, serving as President of a subsidiary. The Form 4 reflects his beneficial ownership and a tax-withholding transaction related to his equity compensation in the form of restricted stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.