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[Form 4] Brinker International, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Aaron M. White, EVP, COO and CPO of Brinker International (EAT), reported two transactions in late August 2025. On 08/28/2025 he acquired 2,314 shares (reported at $0, consistent with a grant or similar issuance), bringing beneficial ownership to 54,680 shares. On 08/29/2025 he disposed of 1,782 shares at $153.96, leaving 52,898 shares beneficially owned. The Form 4 was signed by an attorney-in-fact on 09/02/2025.

Positive

  • Acquisition of 2,314 shares suggests management continues to receive equity-based compensation aligning interests with shareholders
  • Form 4 filed and signed indicating timely disclosure under Section 16 reporting requirements

Negative

  • Disposition of 1,782 shares reduced the reporting persons holdings to 52,898 shares
  • Acquisition reported at $0 lacks detail in this filing about the award type or vesting, requiring cross-reference to other filings for clarity

Insights

TL;DR: Routine insider grant and sale; net holding modestly reduced, no clear material impact on valuation.

The filing shows a grant-like acquisition of 2,314 shares at a reported price of $0, followed by a sale of 1,782 shares at $153.96. Such patterns often reflect scheduled equity awards and routine disposition for tax/financial planning. The net change reduced beneficial ownership from 54,680 to 52,898 shares. There is no earnings or forward guidance data in this Form 4 to suggest a material change in company fundamentals.

TL;DR: Transactions appear consistent with standard executive equity awards and planned sales; governance implications are limited.

The report identifies Aaron M. White as an officer and the transactions are disclosed under Section 16 reporting requirements. The acquisition at $0 implies an issuance or award rather than an open-market purchase. The subsequent open-market sale at $153.96 reduced his direct holdings. The filing is compliant in form and timing; it does not disclose changes to role, control, or related-party arrangements.

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
Estimated average burden
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)
08/28/2025
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 08/28/2025 A 2,314 A $0 54,680 D
Common Stock 08/29/2025 F 1,782 D $153.96 52,898 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
Explanation of Responses:
/s/ Christopher L. Green, as Attorney-in-Fact 09/02/2025
** 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

Who reported the Form 4 for Brinker International (EAT)?

Aaron M. White, EVP, COO and CPO, reported the transactions.

What transactions were reported on the Form 4 for EAT?

Acquisition of 2,314 shares on 08/28/2025 at $0 and disposition of 1,782 shares on 08/29/2025 at $153.96.

How many Brinker shares does the reporting person own after these transactions?

52,898 shares beneficially owned following the reported transactions.

Does the Form 4 explain why the acquisition price is $0?

No. The Form 4 itself does not describe the reason; a $0 price typically indicates an award or grant and should be checked against the companys proxy or 10-K/8-K for award details.

When was the Form 4 signed and filed?

Signed by attorney-in-fact on 09/02/2025 as shown on the filing.
Brinker Intl Inc

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