Cheesecake Factory (CAKE) EVP receives restricted and performance shares
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
Net Buyer: 12,933 shares
Net Buy
3 txns
Insider
May Scarlett
Role
EVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,890 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,043 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 65,838 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. Shares of restricted stock subject to forfeiture.
- F3. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.