Brinker CEO Kevin Hochman Sells $8.8 Million of Stock Days After Guidance Raise
Brinker International Chief Executive Kevin Hochman sold $8.8 million of the Chili's parent's stock on Thursday, according to a Form 4 filed with the SEC on Friday.
Hochman, who is also President and a director, sold 40,000 shares on Oct. 29 at a weighted average price of $220.38, the filing shows. The shares changed hands in several trades at prices from $216.44 to $224.16. The sale totaled $8,815,200.
After the sale, Hochman directly owns 104,603 Brinker shares. The sale reduced his direct holdings by 27.7%.
A prearranged plan
The trades were made under a Rule 10b5-1 trading plan that Hochman adopted on March 4, 2026, according to the filing. Such plans let insiders set up stock sales in advance, which means the timing of a given trade is generally decided months before it happens.
Timing after results
The sale came shortly after Brinker reported fiscal first-quarter 2027 results and raised its full-year guidance. Because the plan was put in place in March, its terms were set well before those results were released.
What it means for investors
Executive sales under trading plans are common and are often tied to tax planning, diversification or personal needs. A single planned sale is a weak signal by itself. Investors usually pay closer attention to patterns, such as several insiders selling at once, or to open-market purchases, which are rarer.
By the numbers
- Shares sold: 40,000
- Weighted average price: $220.38
- Price range: $216.44 to $224.16
- Value: $8.82 million
- Trade date: Oct. 29, 2026
- Direct holdings after the sale: 104,603 shares
Sources
- Form 4 for Kevin Hochman, Brinker International, filed Oct. 30, 2026 (accession 0001193125-26-441716)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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