secwatch.observer — SEC 8-K summary
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Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0000703351-21-000037
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker adopts new Performance Share Plan and RSU award for executives
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- Performance Share Plan targets Adjusted EBITDA for Company or brand over three-year period.
- Payout ranges from 0% (below minimum) to 200% (above maximum) of target shares.
- Participants must remain employed through end of three fiscal years, subject to exceptions (death, disability, retirement, involuntary termination).
- Separate RSU award grants restricted stock vesting on third anniversary, also contingent on continued employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335121000037/0000703351-21-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335121000037/eat-20210826.htm
  HTML page:      https://secwatch.observer/filing/0000703351-21-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer