Jonathan Ponciano, The Motley Fool

Tue, August 18, 2026 at 5:42 AM EDT 4 min read

Daniel S. Fuller, chief legal officer of Brinker International, Inc. (NYSE:EAT), disposed of 13,481 shares of common stock on August 13 and August 17 in a transaction valued at about $3.3 million, according to an SEC Form 4 filing.

Transaction summary

Transaction value based on SEC Form 4 weighted average sale price ($243.31); post-transaction value based on the August 17 market close ($241.71).

Key questions

• What portion of the reported activity was non-discretionary?
  A total of 5,480 shares were withheld to satisfy tax obligations associated with the vesting of 15,440 shares on August 13, representing a routine component of the insider's equity compensation management.

• What is the composition of the remaining equity stake?
  Fuller maintains a direct position of 42,046 shares alongside an indirect holding of 52 shares through the company 401(k) plan, resulting in a total ownership stake of 0.1% of the firm.

• How does the current disposition relate to the stock's performance?
  The weighted average execution price of $243.31 occurred after the shares delivered a roughly 50% total return over the 12 months preceding the August 17 transaction date.

• Were any derivative securities involved in this filing?
  While the filing detailed the disposal of common stock, it also noted the acquisition of 15,440 shares through an award vesting, though no outstanding derivative security counts were reported in the specific transaction tables.

Company Overview

Company Snapshot

• Brinker International operates and franchises 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 franchise licensing fees across domestic and international markets.

• The company operates a franchise-based business model that combines company-owned and managed locations with franchised establishments, enabling capital-efficient expansion while maintaining brand consistency and operational control across its portfolio.

• Brinker International targets middle-market consumers seeking casual dining experiences, with a primary customer base comprising families and social diners in North America and select international markets.