Brinker SVP James Butler Adds 16,298 Shares After $1.4 Million Tax-Withholding Sale
Updated
Updated · Yahoo Finance · Aug 18
Brinker SVP James Butler Adds 16,298 Shares After $1.4 Million Tax-Withholding Sale
1 articles · Updated · Yahoo Finance · Aug 18
Summary
James M. Butler acquired 16,298 Brinker shares on Aug. 13 as restricted equity vested, lifting his direct stake despite a same-day sale tied to the event.
The 5,802-share disposition, valued at about $1.4 million at a $245.11 weighted average price, was non-discretionary and used to cover tax withholding obligations.
After both transactions, Butler directly held 19,064 shares worth about $4.55 million based on Brinker’s Aug. 13 closing price of $238.61.
Brinker, operator of Chili’s and Maggiano’s, had a $10.2 billion market value, $5.7 billion in trailing revenue and roughly 50% one-year share-price appreciation.