David Overton - Feb 13, 2024 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
Stock symbol
CAKE
Transactions as of
Feb 13, 2024
Transactions value $
-$246,369
Form type
4
Date filed
2/15/2024, 06:49 PM
Previous filing
Feb 13, 2024
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAKE Common Stock Tax liability -$246K -7.21K -0.24% $34.18 2.95M Feb 13, 2024 By Trust F1, F2
holding CAKE Common Stock 60.2K Feb 13, 2024 By Trust F3
holding CAKE Common Stock 184K Feb 13, 2024 By Trust F4
holding CAKE Common Stock 146K Feb 13, 2024 Direct 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 +45.7K $0.00 45.7K Feb 15, 2024 Common Stock 45.7K $0.00 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on February 13, 2024, from the vesting of restricted stock.
F2 Shares held by the David M. Overton Family Trust of which Mr. Overton is trustee.
F3 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.
F4 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.
F5 Shares of restricted stock subject to forfeiture.
F6 On February 15, 2024, the Compensation Committee certificated to the attainment of the Total Revenue Growth, Sales Per Square Foot, and Controllable Profit goals and determined that 106% 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.