Brinker International (NYSE: EAT) CEO sells 40K shares under 10b5-1 plan
Rhea-AI Filing Summary
BRINKER INTERNATIONAL, INC (EAT) reported an insider transaction by President and CEO Kevin Hochman. On 2026-08-17, he sold 40,000 shares of common stock in an open market or private transaction at a weighted average price of $243.15 per share, with individual trade prices ranging from $234.73 to $249.35. Following this sale, he directly holds 144,090 shares of Brinker International common stock. The sale was effected pursuant to a Rule 10b5-1 trading plan previously adopted by Hochman on May 4, 2026.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 40,000 shares
Net Sell
1 txn
Insider
Hochman Kevin
Role
Pres. & CEO
Sold
40,000 shs ($9.73M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 40,000 | $243.15 | $9.73M |
Holdings After Transaction:
Common Stock — 144,090 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.73 to $249.35, 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.
- F2. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on May 4, 2026.
Key Figures
Shares sold: 40,000 shares
Weighted average sale price: $243.15 per share
Sale price range low: $234.73 per share
+3 more
6 metrics
Shares sold
40,000 shares
Common stock sold by CEO Kevin Hochman on 2026-08-17
Weighted average sale price
$243.15 per share
Average price for the 40,000 EAT shares sold
Sale price range low
$234.73 per share
Lowest price among multiple sale transactions in the reported block
Sale price range high
$249.35 per share
Highest price among multiple sale transactions in the reported block
Shares owned after transaction
144,090 shares
Direct common stock holdings of Kevin Hochman following the sale
10b5-1 plan adoption date
May 4, 2026
Date CEO’s Rule 10b5-1 trading plan was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction market
"transaction_code_description: Sale in open market or private transaction"
FAQ
What insider transaction did EAT report for CEO Kevin Hochman?
Brinker International (EAT) reported that CEO Kevin Hochman sold 40,000 shares of common stock on 2026-08-17. The transaction was a reported open market or private sale under a Rule 10b5-1 trading plan.
Was the EAT CEO’s stock sale executed under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by Kevin Hochman on May 4, 2026. This indicates the sales followed a pre-established trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.