DAVID OVERTON - 16 Feb 2023 Form 4 Insider Report for CHEESECAKE FACTORY INC (CAKE)

Role
CHAIRMAN AND C.E.O., Director
Signature
/s/ David Overton by Scarlett May, Attorney-in-Fact
Issuer symbol
CAKE
Transactions as of
16 Feb 2023
Net transactions value
$0
Form type
4
Filing time
21 Feb 2023, 13:21:36 UTC
Previous filing
14 Feb 2023
Next filing
13 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAKE Common Stock Award $0 +69,280 +57% $0.000000 190,020 16 Feb 2023 Direct F1, F2
holding CAKE Common Stock 2,919,478 16 Feb 2023 By Trust F3
holding CAKE Common Stock 60,211 16 Feb 2023 By Trust F4
holding CAKE Common Stock 183,950 16 Feb 2023 By Trust F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAKE Restricted Stock Award $0 +33,630 $0.000000 33,630 18 Feb 2023 Common Stock 33,630 $0.000000 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock award which vests 60% on 2/16/2026 and 20% on each of 2/16/2027 and 2/16/2028.
F2 Shares of restricted stock subject to forfeiture.
F3 Shares held by the David M. Overton Family Trust of which Mr. Overton is trustee.
F4 Shares held by Mr. Overton's spouse as trustee for the Sheila A. Overton Living Trust. The reporting person disclaims beneficial ownership of these securities.
F5 Shares held by the David M. Overton 2011 Gift Trust UTA dated 11/23/2011 for the benefit of the reporting person's son. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities.
F6 On February 16, 2023, the Compensation Committee certificated to the attainment of the EPS, Sales Per Square Foot, and Controllable Profit goals and determined that 100% of the RSAs were eligible to vest based on continued service-vesting conditions, subject to continued service.
F7 Restricted Stock Award expires upon reporting person's termination of services.