Alex Spero G 4

What Happened Alex Spero G, EVP Operations (CFRI) of Cheesecake Factory Inc. (CAKE), was granted 2,600 shares of restricted stock on February 11, 2026. The shares were reported as acquired at $0.00 (a grant/award rather than an open‑market purchase). The award is subject to vesting and forfeiture conditions outlined in the filing.

Key Details

• Transaction date: 2026-02-11; Filing date (Form 4): 2026-02-26 (appears to be filed late relative to the usual 2-business-day requirement).
• Shares granted: 2,600 restricted shares; acquisition price reported as $0.00.
• Vesting schedule (Footnote F1): 60% vests on 2/11/2029, 20% vests on 2/11/2030, and 20% vests on 2/11/2031, subject to continued service.
• Forfeiture: Shares are subject to forfeiture (Footnote F2) if vesting conditions aren’t met.
• Trust holding: Footnote F3 notes shares are held by the Alex Family Trust, of which Mr. Spero is a trustee.
• Shares owned after the transaction: Not specified in the provided filing.

Context This was a restricted stock award (compensation grant), not a market purchase or sale. Such awards are common for executive compensation and vest over time, aligning pay with continued service/performance; they do not directly signal immediate buying or selling intent. The late filing may be an administrative delay—investors should note timeliness but avoid inferring motive from the grant itself.