The sale included 6,422 non-discretionary shares to cover tax obligations following a vesting of 17,872 shares.
Brinker International Inc. (NYSE:EAT) senior vice president and COO of Chili’s sold 11,422 shares on August 13 and 14 at a weighted average price of $241.25. The transaction reduced the executive’s stake to 19,509 shares, representing 0.05% of the company’s $10.2 billion market capitalization.
The majority of the sale—6,422 shares—was non-discretionary, executed to cover tax liabilities from a vesting event involving 17,872 shares. The remaining 5,000 shares were sold in open-market transactions. Brinker’s stock has risen 50% over the past year, closing at $237.15 on August 14.
Indirect holdings of 1,982 shares remain in the Brinker Common Stock Fund under the company’s 401(k) Savings Plan, as disclosed in the SEC filing.