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

Rhea-AI Filing Summary

Kevin Hochman, President & CEO and a Director of Brinker International (EAT), reported two transactions. On 08/28/2025 he acquired 18,131 shares at no cash price under code A, increasing his beneficial ownership to 230,998 shares. The next day, 08/29/2025, he sold 12,072 shares at $153.96 per share, leaving 218,926 shares beneficially owned. The Form 4 was signed by an attorney-in-fact and filed on 09/02/2025.

Positive

• CEO/Director acquired 18,131 shares, increasing his stake and demonstrating continued insider ownership
• Significant remaining beneficial ownership of 218,926 shares after the transactions, indicating alignment with shareholders

Negative

• Sale of 12,072 shares at $153.96 could be perceived as reducing insider exposure absent disclosed rationale
• Filing lacks explanation (no indication of a 10b5-1 plan or purpose for trades in the explanation section)

Insights

Financial Analyst

TL;DR: Insider made a modest net purchase then a sale, leaving substantial ownership; activity is routine rather than clearly material.

The reported 18,131-share acquisition followed by a 12,072-share sale results in a net increase of 6,059 shares to the CEO's stake. The transactions change beneficial ownership from an implied prior level to 218,926 shares after the sale, showing continued meaningful equity ownership by management. There is no company guidance, earnings data, or explanation for the transactions in the filing, so implications for valuation are limited to the demonstrated ongoing insider ownership.

Corporate Governance Expert

TL;DR: Insider transactions reflect ongoing equity alignment but lack disclosed plan details; governance impact appears neutral.

Kevin Hochman is identified as both President & CEO and a Director, which aligns management and board interests with shareholders. The filing does not indicate these trades were made under a Rule 10b5-1 trading plan or other arrangement, and the explanation section is blank. While the retained ownership of 218,926 shares is significant for alignment, absence of context limits any governance interpretation beyond confirming continued insider exposure to company equity.

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^*

Hochman Kevin

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres. & CEO

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		18,131	A	$0	230,998	D
Common Stock	08/29/2025		F		12,072	D	$153.96	218,926	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

What trades did Kevin Hochman (EAT) report on this Form 4?

He reported an acquisition of 18,131 shares on 08/28/2025 and a sale of 12,072 shares on 08/29/2025 at $153.96 per share.

How many Brinker (EAT) shares does Kevin Hochman beneficially own after these transactions?

Following the reported sale, he beneficially owns 218,926 shares.

Was the acquisition priced or were shares granted at no cash cost?

The acquisition on 08/28/2025 is reported with a price of $0 in the filing.

Does the Form 4 state the transactions were made under a 10b5-1 trading plan?

No. The filing does not indicate the trades were made pursuant to a Rule 10b5-1 plan and the explanation section is blank.

When was the Form 4 filed and who signed it?

The Form 4 was filed with a signature by Christopher L. Green, as Attorney-in-Fact on 09/02/2025.