EAT Form 4: Aaron White Exercises Options at $38.51, Sells Shares at $157.16

Rhea-AI Filing Summary

Aaron M. White, EVP, COO and CPO of Brinker International (EAT), reported transactions on 08/27/2025. He exercised employee stock options to acquire 4,304 shares at an exercise price of $38.51 (options exercisable 08/29/2020, expiring 08/29/2027), and sold 1,080 shares at $157.16. Following these transactions he beneficially owned 52,366 shares.

Positive

• Exercised employee stock options to acquire 4,304 shares at an exercise price of $38.51
• Detailed option terms provided: exercisable 08/29/2020, expiring 08/29/2027, indicating prior grant timing

Negative

• Sale of 1,080 shares at $157.16 on 08/27/2025 reducing holdings
• No additional context in the filing about purpose of sale or use of proceeds

Insights

Financial Analyst

TL;DR: Insider exercised options and sold a small block of shares; net holdings remain substantial but changes are routine.

The reporting shows an option exercise of 4,304 shares at $38.51 and an immediate sale of 1,080 shares at $157.16 on 08/27/2025. The exercise reflects use of previously granted compensation; the sale reduces the post-transaction holding to 52,366 shares. There are no additional quantitative indicators (e.g., size versus outstanding shares) provided in the filing.

Corporate Governance Expert

TL;DR: Transactions are standard Section 16 reporting of option exercise and subsequent sale; disclosure appears complete.

The Form 4 discloses the nature of the derivative (employee stock option) including exercise price, grant/exercise dates, and expiration, plus the non-derivative sale details. The form is signed by an attorney-in-fact and lists the reporter's role. No governance concerns or unexplained related-party transfers are evident from the filing text alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

White Aaron M

(Last) (First) (Middle)

3000 OLYMPUS BLVD.

(Street)

DALLAS TX 75019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRINKER INTERNATIONAL, INC [ EAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, COO and CPO

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/27/2025		M		4,304	A	$38.51	53,446	D
Common Stock	08/27/2025		S		1,080	D	$157.16	52,366	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option Right-to-Buy	$38.51	08/27/2025		M			4,304	08/29/2020	08/29/2027	Common Stock	4,304	$38.51	0	D

Explanation of Responses:

	/s/ Christopher L. Green, as Attorney-in-Fact	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Aaron M. White report on Form 4 for EAT?

He exercised employee stock options to acquire 4,304 shares at $38.51 and sold 1,080 shares at $157.16 on 08/27/2025.

How many Brinker's (EAT) shares does Aaron M. White beneficially own after the transactions?

The Form 4 reports he beneficially owned 52,366 shares following the reported transactions.

What are the terms of the exercised options reported by Aaron M. White?

The employee stock option has an exercise price of $38.51, was exercisable from 08/29/2020, and expires on 08/29/2027.

When were the reported transactions filed and signed?

The transactions occurred on 08/27/2025 and the Form 4 is signed by an attorney-in-fact on 08/28/2025.

What is Aaron M. White's role at Brinker International as listed on the form?

He is listed as EVP, COO and CPO of Brinker International and the filing indicates he is an officer.