Brinker International (EAT) director sells 1,999 shares in open market
Rhea-AI Filing Summary
Brinker International director Frances L. Allen sold 1,999 shares of Common Stock in an open-market transaction at a weighted average price of $143.46 per share. After the sale, Allen directly owned 13,041 shares. The shares were sold in multiple trades between $142.60 and $144.32.
Positive
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Negative
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Insights
Director completed a modest open-market sale, retaining a meaningful remaining stake.
Frances L. Allen, a director of Brinker International, sold 1,999 shares of Common Stock in an open-market transaction at a weighted average price of $143.46. The filing notes that the sale consisted of multiple trades between $142.60 and $144.32.
Following the transaction, Allen directly holds 13,041 shares. There are no derivative positions reported in this filing, and no reference to a Rule 10b5-1 trading plan in the provided footnote. The transaction appears as a straightforward discretionary sale by a board member.
Because the filing does not quantify Allen's holdings relative to total shares outstanding, the broader impact is hard to gauge from this document alone. Investors typically consider such sales in the context of the insider’s overall exposure and any future updates in company filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,999 | $143.46 | $287K |
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $142.60 to $144.32, inclusive. The reporting person undertakes to provide to Brinker International, any security holder of Brinker International or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
Key Figures
Key Terms
weighted average price financial
open-market sale financial
Common Stock financial
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