Jonathan Ponciano, The Motley Fool

Tue, August 18, 2026 at 5:50 AM EDT 4 min read

James M. Butler, the firm's SVP and chief supply chain officer, reported a non-discretionary disposition of 5,802 shares of Brinker International, Inc. (NYSE:EAT) common stock on August 13, according to an SEC Form 4 filing.

Transaction summary

Transaction value based on SEC Form 4 weighted average sale price ($245.11); post-transaction value based on the August 13 market close ($238.61).

Key questions

• What was the nature of this disposition?
  The transaction was non-discretionary and was executed to satisfy tax withholding obligations associated with the vesting of restricted equity awards.

• How did the underlying vesting event impact the insider's total equity position?
  On the same date as the tax withholding, Butler acquired 16,298 shares via a vesting event, resulting in a net increase to the total direct holdings.

• What is the scale of the insider's remaining direct equity exposure?
  Following the vesting and withholding events, the insider holds 19,064 shares directly, which represent an ownership value of $4.55 million as of the August 13 market close.

Company Overview

Company Snapshot

• Brinker International operates and licenses casual dining restaurants under two primary brands: Chili's Grill & Bar and Maggiano's Little Italy, generating revenue through restaurant operations, food and beverage sales, and licensing arrangements across domestic and international markets.

• The company operates a franchised and company-operated restaurant model, generating revenue from company-operated restaurant sales, franchise royalties, and rental income, while leveraging brand recognition and operational expertise to drive profitability.

• Brinker International targets casual dining consumers seeking moderately priced, full-service dining experiences, with a primary customer base in North America and an expanding international presence.

Brinker International is a leading casual dining restaurant operator with a portfolio of over 1,600 restaurants generating $5.7 billion in TTM revenue. The company's diversified brand portfolio and established market presence position it competitively within the casual dining segment, supported by strong operational execution and brand loyalty. With a market capitalization of $10.2 billion and a roughly 50% one-year stock price appreciation, the company demonstrates robust investor confidence and operational momentum.