Cheesecake Factory (CAKE) EVP receives restricted and performance shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The Cheesecake Factory Incorporated EVP and General Counsel Scarlett May reported equity compensation awards. On February 11, 2026, she acquired 5,890 shares of restricted common stock at $0 per share and 7,043 shares tied to performance share awards, also at $0.
The restricted stock award vests 60% on February 11, 2029 and 20% on each of February 11, 2030 and February 11, 2031, subject to continued service. The Compensation Committee determined that 91% of a February 2023 performance share grant was eligible to vest, with 60% of those shares vesting on February 16, 2026, 20% on February 16, 2027 and 20% on February 16, 2028, also conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
May Scarlett
Role
EVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,890 | $0.00 | -- |
| Grant/Award | Common Stock | 7,043 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 33,560 shares (Direct)
Footnotes (1)
- Restricted stock award which vests 60% on 2/11/29 and 20% on each of 2/11/30 and 2/11/31, subject to the Reporting Person's continued service. Shares of restricted stock subject to forfeiture. On February 11, 2026, the Compensation Committee certificated to the attainment of the performance goals underlying the February 2023 grants of performance share awards and determined that 91% of the performance share awards were eligible to vest based on continued service-vesting conditions, with 60% of the shares underlying the award service vesting on February 16, 2026, 20% on February 16, 2027 and 20% on February 16, 2028, subject to the Reporting Person's continued service.
FAQ
What insider transaction did CAKE executive Scarlett May report?
Scarlett May reported equity awards, not an open-market trade. On February 11, 2026 she acquired 5,890 restricted shares and 7,043 performance-based shares of Cheesecake Factory common stock at $0 per share as part of her executive compensation package, subject to multi-year vesting conditions.
What is the vesting schedule for Scarlett May’s restricted CAKE stock?
The restricted stock vests over three future dates. Sixty percent of the 5,890-share award vests on February 11, 2029, and 20% vests on each of February 11, 2030 and February 11, 2031. Vesting depends on Scarlett May’s continued service with the company.