What does the Form 4 for Brinker International (EAT) indicate about net share change for James C. Katzman?

The Form 4 shows a grant of 493 shares and a sale of 547 shares, resulting in a small net reduction in his holdings. Despite this, Katzman still directly owns 28,862 shares of Brinker International common stock after the transactions.

Brinker International (EAT) director logs stock grant and sale under Rule 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Brinker International director James C. Katzman reported a small mix of stock grant and sale in company shares. He received 493 shares of common stock on a grant or award basis at no cost, then sold 547 shares of common stock at $128.11 per share in an open-market transaction. After these transactions, he directly holds 28,862 shares of Brinker International common stock. The filing notes that the reported activity was effected pursuant to a pre-established Rule 10b5-1 trading plan adopted by Katzman on June 5, 2025.

Insider Trade Summary 10b5-1

Net Seller: 547 shares ($70,076)

Net Sell 2 txns

Insider Katzman James C

Role null

Sold 547 shs ($70K)

Type	Security	Shares	Price	Value
Sale	Common Stock	547	$128.11	$70K
Grant/Award	Common Stock	493	$0.00	--

Holdings After Transaction: Common Stock — 28,862 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 493 shares Shares sold: 547 shares Sale price per share: $128.11 per share +2 more

5 metrics

Shares granted 493 shares Common Stock grant on May 14, 2026 at $0.00

Shares sold 547 shares Open-market sale on May 14, 2026

Sale price per share $128.11 per share Common Stock sale on May 14, 2026

Shares held after transactions 28,862 shares Direct ownership following Form 4 transactions

Net shares sold 547 shares sold vs. 493 granted Net change across both non-derivative transactions

Key Terms

Form 4, Rule 10b5-1 trading plan, open-market sale, Common Stock

4 terms

Form 4 regulatory

"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Rule 10b5-1 trading plan regulatory

"was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title: "Common Stock" for each reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 04:19 PM

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^*

Katzman James C

(Last)

(First)

(Middle)

3000 OLYMPUS BLVD.

(Street)

DALLAS

TEXAS

75019

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/14/2026		S		547⁽¹⁾	D	$128.11	28,862	D
Common Stock	05/14/2026		A		493	A	$0	29,355	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on June 5, 2025.

	/s/ Christopher L. Green, as Attorney-in-Fact	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Brinker International (EAT) director James C. Katzman report?

James C. Katzman reported a stock grant and a sale. He received 493 shares of Brinker International common stock and sold 547 shares in an open-market transaction, all dated May 14, 2026, according to the Form 4 filing.

At what price did the Brinker International (EAT) director sell shares on May 14, 2026?

Katzman sold 547 shares of Brinker International common stock at $128.11 per share. The transaction is described as an open-market or private sale and is reported as part of his Form 4 insider filing.

How many Brinker International (EAT) shares does James C. Katzman hold after the reported transactions?

Following the reported transactions, Katzman directly holds 28,862 shares of Brinker International common stock. This total reflects both the 493-share grant he received and the 547-share sale completed on May 14, 2026.

Was the Brinker International (EAT) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the reported transaction was effected under a Rule 10b5-1 trading plan. This plan was previously adopted by James C. Katzman on June 5, 2025, indicating the trading activity was pre-arranged.