secwatch.observer — SEC 8-K summary
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Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000703351-22-000053
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker International approves F2023 Performance Share Plan for executive officers and key employees
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- Three-year performance period based on Adjusted EBITDA; payout 0% if below minimum, 100% at target, up to 200% at maximum.
- TSR modifier: 1.25x for 75th percentile or above, 0.75x for 25th or below; no modifier between.
- Awards forfeited if participant leaves before period end except death, disability, retirement, or certain terminations without Cause.
- Change in Control: immediate vesting at no less than 100% of target if awards not assumed by acquirer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335122000053/0000703351-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335122000053/eat-20221031.htm
  HTML page:      https://secwatch.observer/filing/0000703351-22-000053

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