Cheryl Slomann
First SEC filing: March 7, 2005 · Latest: March 7, 2005
Insider at
Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| Feb. 18, 2023 | CAKE | F | 1,435 | $40.10 | $57,544 | 12,002 Indirect | -10.68% | Disposed | 173.4% (price as of 2026-10-02) |
| Feb. 16, 2023 | CAKE | A | 5,900 | · | · | 25,710 Direct | +29.78% | Acquired | (price as of 2026-10-02) |
| Feb. 15, 2023 | CAKE | F | 343 | $38.72 | $13,281 | 9,427 Indirect | -3.51% | Disposed | 183.2% (price as of 2026-10-02) |
| Feb. 13, 2023 | CAKE | F | 351 | $38.56 | $13,535 | 8,930 Indirect | -3.78% | Disposed | 184.4% (price as of 2026-10-02) |
| March 2, 2022 | CAKE | F | 222 | $40.85 | $9,069 | 8,421 Indirect | -2.57% | Disposed | 168.4% (price as of 2026-10-02) |
| Feb. 15, 2022 | CAKE | F | 289 | $40.50 | $11,704 | 8,003 Indirect | -3.49% | Disposed | 170.7% (price as of 2026-10-02) |
| Feb. 13, 2022 | CAKE | F | 1,058 | $39.68 | $41,981 | 7,452 Indirect | -12.43% | Disposed | 176.3% (price as of 2026-10-02) |
| Feb. 10, 2022 | CAKE | A | 7,500 | · | · | 24,930 Direct | +43.03% | Acquired | (price as of 2026-10-02) |
| April 30, 2021 | CAKE | M 10b5-1 | 7,500 | $48.01 | $360,075 | 14,151 Indirect | +112.76% | Acquired | 128.4% (price as of 2026-10-02) |
| April 30, 2021 | CAKE | S 10b5-1 | 7,500 | $61.57 | $461,775 | 6,651 Indirect | -53.00% | Disposed | 78.1% (price as of 2026-10-02) |
| April 30, 2021 | CAKE | M | 7,500 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| March 8, 2021 | CAKE | S | 1,778 | $57.56 | $102,342 | 6,651 Indirect | -21.09% | Disposed | 90.5% (price as of 2026-10-02) |
| March 8, 2021 | CAKE | M | 8,500 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| March 8, 2021 | CAKE | S | 8,500 | $57.60 | $489,600 | 8,429 Indirect | -50.21% | Disposed | 90.4% (price as of 2026-10-02) |
| March 8, 2021 | CAKE | M | 8,500 | $48.19 | $409,615 | 16,929 Indirect | +100.84% | Acquired | 127.5% (price as of 2026-10-02) |
| March 3, 2021 | CAKE | F | 263 | $58.11 | $15,283 | 8,429 Indirect | -3.03% | Disposed | 88.7% (price as of 2026-10-02) |
| March 2, 2021 | CAKE | F | 222 | $56.44 | $12,530 | 7,932 Indirect | -2.72% | Disposed | 94.3% (price as of 2026-10-02) |
| Feb. 22, 2021 | CAKE | S | 10,020 | $53.44 | $535,469 | 7,514 Indirect | -57.15% | Disposed | 105.2% (price as of 2026-10-02) |
| Feb. 15, 2021 | CAKE | F | 982 | $50.01 | $49,110 | 17,534 Indirect | -5.30% | Disposed | 119.3% (price as of 2026-10-02) |
| Feb. 10, 2021 | CAKE | A | 5,850 | · | · | 19,950 Direct | +41.49% | Acquired | (price as of 2026-10-02) |
| March 5, 2020 | CAKE | F | 243 | $31.52 | $7,659 | 15,996 Indirect | -1.50% | Disposed | 247.9% (price as of 2026-10-02) |
| March 3, 2020 | CAKE | F | 263 | $34.65 | $9,113 | 15,539 Indirect | -1.66% | Disposed | 216.5% (price as of 2026-10-02) |
| March 2, 2020 | CAKE | F | 664 | $36.04 | $23,931 | 15,042 Indirect | -4.23% | Disposed | 204.2% (price as of 2026-10-02) |
| Feb. 18, 2020 | CAKE | A | 10,400 | · | · | 10,400 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 18, 2020 | CAKE | A | 5,600 | · | · | 14,100 Direct | +65.88% | Acquired | (price as of 2026-10-02) |
| March 11, 2019 | CAKE | S | 1,000 | $46.36 | $46,360 | 13,786 Indirect | -6.76% | Disposed | 136.5% (price as of 2026-10-02) |
| March 6, 2019 | CAKE | F | 243 | $46.63 | $11,331 | 14,786 Indirect | -1.62% | Disposed | 135.1% (price as of 2026-10-02) |
| March 5, 2019 | CAKE | F | 243 | $46.68 | $11,343 | 14,329 Indirect | -1.67% | Disposed | 134.9% (price as of 2026-10-02) |
| March 3, 2019 | CAKE | F | 786 | $46.85 | $36,824 | 13,872 Indirect | -5.36% | Disposed | 134.0% (price as of 2026-10-02) |
| Feb. 13, 2019 | CAKE | A | 9,100 | · | · | 9,100 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 13, 2019 | CAKE | A | 4,300 | · | · | 8,500 Direct | +102.38% | Acquired | (price as of 2026-10-02) |
| Nov. 20, 2018 | CAKE | M | 7,500 | $31.10 | $233,250 | 19,878 Indirect | +60.59% | Acquired | 252.6% (price as of 2026-10-02) |
| Nov. 20, 2018 | CAKE | S | 7,500 | $49.21 | $369,075 | 12,378 Indirect | -37.73% | Disposed | 122.8% (price as of 2026-10-02) |
| Nov. 20, 2018 | CAKE | M | 7,500 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Aug. 27, 2018 | CAKE | S | 449 | $52.92 | $23,761 | 11,657 Direct | -3.71% | Disposed | 107.2% (price as of 2026-10-02) |
| Aug. 27, 2018 | CAKE | S | 556 | $52.95 | $29,440 | 12,106 Direct | -4.39% | Disposed | 107.1% (price as of 2026-10-02) |
| March 12, 2018 | CAKE | M | 4,000 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| March 12, 2018 | CAKE | S | 1,500 | $49.75 | $74,625 | 12,528 Direct | -10.69% | Disposed | 120.4% (price as of 2026-10-02) |
| March 12, 2018 | CAKE | S | 3,600 | $49.91 | $179,676 | 14,028 Direct | -20.42% | Disposed | 119.7% (price as of 2026-10-02) |
| March 12, 2018 | CAKE | S | 200 | $49.95 | $9,990 | 17,628 Direct | -1.12% | Disposed | 119.5% (price as of 2026-10-02) |
| March 12, 2018 | CAKE | S | 200 | $49.92 | $9,984 | 17,828 Direct | -1.11% | Disposed | 119.7% (price as of 2026-10-02) |
| March 12, 2018 | CAKE | M | 4,000 | $29.29 | $117,160 | 18,028 Direct | +28.51% | Acquired | 274.4% (price as of 2026-10-02) |
| March 7, 2018 | CAKE | F | 346 | $49.84 | $17,245 | 16,483 Direct | -2.06% | Disposed | 120.0% (price as of 2026-10-02) |
| March 6, 2018 | CAKE | F | 242 | $48.55 | $11,749 | 15,829 Direct | -1.51% | Disposed | 125.8% (price as of 2026-10-02) |
| March 5, 2018 | CAKE | F | 757 | $48.43 | $36,662 | 15,371 Direct | -4.69% | Disposed | 126.4% (price as of 2026-10-02) |
| Feb. 15, 2018 | CAKE | A | 8,700 | · | · | 8,700 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 15, 2018 | CAKE | A | 4,200 | · | · | 4,200 Direct | · | Acquired | (price as of 2026-10-02) |
| March 7, 2017 | CAKE | F | 376 | $61.61 | $23,165 | 14,028 Direct | -2.61% | Disposed | 78.0% (price as of 2026-10-02) |
| March 6, 2017 | CAKE | F | 790 | $61.83 | $48,846 | 13,404 Direct | -5.57% | Disposed | 77.3% (price as of 2026-10-02) |
| March 6, 2017 | CAKE | M | 4,000 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| March 6, 2017 | CAKE | S | 3,444 | $61.64 | $212,288 | 12,094 Direct | -22.17% | Disposed | 77.9% (price as of 2026-10-02) |
| March 6, 2017 | CAKE | M | 4,000 | $21.42 | $85,680 | 15,538 Direct | +34.67% | Acquired | 411.9% (price as of 2026-10-02) |
| March 2, 2017 | CAKE | A | 5,600 | · | · | 5,600 Direct | · | Acquired | (price as of 2026-10-02) |
| March 2, 2017 | CAKE | A | 3,200 | · | · | 3,200 Direct | · | Acquired | (price as of 2026-10-02) |
| Jan. 5, 2017 | CAKE | F | 351 | $58.40 | $20,498 | 11,538 Direct | -2.95% | Disposed | 87.8% (price as of 2026-10-02) |
| Nov. 29, 2016 | CAKE | S | 1,000 | $59.38 | $59,380 | 11,089 Direct | -8.27% | Disposed | 84.7% (price as of 2026-10-02) |
| Nov. 17, 2016 | CAKE | S | 1,000 | $57.13 | $57,130 | 12,089 Direct | -7.64% | Disposed | 91.9% (price as of 2026-10-02) |
| March 7, 2016 | CAKE | F | 1,128 | $52.30 | $58,994 | 13,089 Direct | -7.93% | Disposed | 109.7% (price as of 2026-10-02) |
| March 3, 2016 | CAKE | A | 6,700 | · | · | 6,700 Direct | · | Acquired | (price as of 2026-10-02) |
| March 3, 2016 | CAKE | A | 3,800 | · | · | 3,800 Direct | · | Acquired | (price as of 2026-10-02) |
| Jan. 6, 2016 | CAKE | F | 219 | $46.89 | $10,269 | 11,217 Direct | -1.92% | Disposed | 133.8% (price as of 2026-10-02) |
| Jan. 5, 2016 | CAKE | F | 351 | $48.01 | $16,852 | 10,936 Direct | -3.11% | Disposed | 128.4% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | M | 1,500 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| April 27, 2015 | CAKE | M | 2,000 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| April 27, 2015 | CAKE | S | 200 | $52.98 | $10,596 | 10,487 Direct | -1.87% | Disposed | 107.0% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | S | 900 | $52.97 | $47,673 | 10,687 Direct | -7.77% | Disposed | 107.0% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | S | 1,700 | $52.96 | $90,032 | 11,587 Direct | -12.79% | Disposed | 107.0% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | S | 100 | $52.95 | $5,295 | 13,287 Direct | -0.75% | Disposed | 107.1% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | S | 300 | $52.93 | $15,879 | 13,387 Direct | -2.19% | Disposed | 107.2% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | S | 38 | $52.92 | $2,011 | 13,687 Direct | -0.28% | Disposed | 107.2% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | M | 1,500 | $9.20 | $13,800 | 13,725 Direct | +12.27% | Acquired | 1091.8% (price as of 2026-10-02) |
| April 27, 2015 | CAKE | M | 2,000 | $21.17 | $42,340 | 12,225 Direct | +19.56% | Acquired | 417.9% (price as of 2026-10-02) |
| March 5, 2015 | CAKE | A | 7,500 | · | · | 7,500 Direct | · | Acquired | (price as of 2026-10-02) |
| March 5, 2015 | CAKE | A | 3,500 | · | · | 3,500 Direct | · | Acquired | (price as of 2026-10-02) |
| Jan. 7, 2015 | CAKE | F | 367 | $51.70 | $18,974 | 7,922 Direct | -4.43% | Disposed | 112.1% (price as of 2026-10-02) |
| Jan. 6, 2015 | CAKE | F | 184 | $49.82 | $9,167 | 8,922 Direct | -2.02% | Disposed | 120.1% (price as of 2026-10-02) |
| Jan. 5, 2015 | CAKE | F | 1,046 | $50.20 | $52,509 | 9,422 Direct | -9.99% | Disposed | 118.4% (price as of 2026-10-02) |
| Nov. 7, 2014 | CAKE | A | 7,500 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Nov. 7, 2014 | CAKE | S | 7,500 | $48.57 | $364,275 | 11,822 Direct | -38.82% | Disposed | 125.8% (price as of 2026-10-02) |
| Nov. 7, 2014 | CAKE | M | 7,500 | $35.84 | $268,800 | 19,322 Direct | +63.44% | Acquired | 205.9% (price as of 2026-10-02) |
| March 6, 2014 | CAKE | A | 8,500 | · | · | 8,500 Direct | · | Acquired | (price as of 2026-10-02) |
| March 6, 2014 | CAKE | A | 3,500 | · | · | 3,500 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 5, 2014 | CAKE | F | 184 | $43.49 | $8,002 | 11,822 Direct | -1.53% | Disposed | 152.1% (price as of 2026-10-02) |
| Jan. 7, 2014 | CAKE | F | 434 | $47.54 | $20,632 | 12,006 Direct | -3.49% | Disposed | 130.6% (price as of 2026-10-02) |
| Jan. 6, 2014 | CAKE | F | 659 | $47.15 | $31,072 | 12,440 Direct | -5.03% | Disposed | 132.6% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | M | 10,000 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | M | 3,000 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 300 | $47.68 | $14,304 | 13,099 Direct | -2.24% | Disposed | 130.0% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 400 | $47.71 | $19,084 | 13,399 Direct | -2.90% | Disposed | 129.8% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 200 | $47.73 | $9,546 | 13,799 Direct | -1.43% | Disposed | 129.7% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 300 | $47.74 | $14,322 | 13,999 Direct | -2.10% | Disposed | 129.7% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 100 | $47.75 | $4,775 | 14,299 Direct | -0.69% | Disposed | 129.6% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 100 | $47.76 | $4,776 | 14,399 Direct | -0.69% | Disposed | 129.6% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 100 | $47.77 | $4,777 | 14,499 Direct | -0.68% | Disposed | 129.5% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 100 | $47.79 | $4,779 | 14,599 Direct | -0.68% | Disposed | 129.4% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 500 | $47.82 | $23,910 | 14,699 Direct | -3.29% | Disposed | 129.3% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 1,000 | $47.84 | $47,840 | 15,199 Direct | -6.17% | Disposed | 129.2% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 231 | $47.85 | $11,053 | 16,199 Direct | -1.41% | Disposed | 129.2% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 169 | $47.86 | $8,088 | 16,430 Direct | -1.02% | Disposed | 129.1% (price as of 2026-10-02) |
| Nov. 19, 2013 | CAKE | S | 500 | $47.87 | $23,935 | 16,599 Direct | -2.92% | Disposed | 129.1% (price as of 2026-10-02) |
Showing latest 100 of 185 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| April 30, 2021 | CAKE | Employee Stock Option (right to buy) | Common Stock | $48.01 | March 5, 2023 | 7,500 | Disposed |
| March 8, 2021 | CAKE | Employee Stock Option (right to buy) | Common Stock | $48.19 | March 6, 2022 | 8,500 | Disposed |
| Feb. 18, 2020 | CAKE | Employee Stock Option (right to buy) | Common Stock | $40.16 | Feb. 18, 2030 | 10,400 | Acquired |
| Feb. 13, 2019 | CAKE | Employee Stock Option (right to buy) | Common Stock | $46.03 | Feb. 13, 2027 | 9,100 | Acquired |
| Nov. 20, 2018 | CAKE | Employee Stock Option (right to buy) | Common Stock | $31.10 | Jan. 6, 2019 | 7,500 | Disposed |
| March 12, 2018 | CAKE | Employee Stock Option (right to buy) | Common Stock | $29.29 | Jan. 5, 2020 | 4,000 | Disposed |
| Feb. 15, 2018 | CAKE | Employee Stock Option (right to buy) | Common Stock | $47.06 | Feb. 15, 2026 | 8,700 | Acquired |
| March 6, 2017 | CAKE | Employee Stock Option (right to buy) | Common Stock | $21.42 | Jan. 7, 2018 | 4,000 | Disposed |
| March 2, 2017 | CAKE | Employee Stock Option (right to buy) | Common Stock | $61.59 | March 2, 2025 | 5,600 | Acquired |
| March 2, 2017 | CAKE | Restricted Stock Units [F2] | Common Stock | $0.00 | · | 3,200 | Acquired |
| March 3, 2016 | CAKE | Employee Stock Option (right to buy) | Common Stock | $50.26 | March 3, 2024 | 6,700 | Acquired |
| March 3, 2016 | CAKE | Restricted Stock Units [F2] | Common Stock | $0.00 | · | 3,800 | Acquired |
| April 27, 2015 | CAKE | Employee Stock Option (right to buy) | Common Stock | $9.20 | Feb. 5, 2019 | 1,500 | Disposed |
| April 27, 2015 | CAKE | Employee Stock Option (right to buy) | Common Stock | $21.17 | Jan. 3, 2018 | 2,000 | Disposed |
| March 5, 2015 | CAKE | Employee Stock Option (right to buy) | Common Stock | $48.01 | March 5, 2023 | 7,500 | Acquired |
| March 5, 2015 | CAKE | Restricted Stock Units [F2] | Common Stock | $0.00 | · | 3,500 | Acquired |
| Nov. 7, 2014 | CAKE | Employee Stock Option (right to buy) | Common Stock | $35.84 | Jan. 20, 2016 | 7,500 | Disposed |
| March 6, 2014 | CAKE | Employee Stock Option (right to buy) | Common Stock | $48.19 | March 6, 2022 | 8,500 | Acquired |
| March 6, 2014 | CAKE | Restricted Stock Units [F2] | Common Stock | $0.00 | · | 3,500 | Acquired |
| Nov. 19, 2013 | CAKE | Employee Stock Option (right to buy) | Common Stock | $34.78 | June 9, 2015 | 10,000 | Disposed |
| Nov. 19, 2013 | CAKE | Employee Stock Option (right to buy) | Common Stock | $32.32 | Jan. 3, 2015 | 3,000 | Disposed |
| May 28, 2013 | CAKE | Employee Stock Option (right to buy) | Common Stock | $21.42 | Jan. 7, 2018 | 3,000 | Disposed |
| March 7, 2013 | CAKE | Restricted Stock Units [F2] | Common Stock | $0.00 | · | 5,000 | Acquired |
| March 1, 2013 | CAKE | Options to purchase common stock | Common Stock | $9.20 | Feb. 5, 2017 | 1,500 | Disposed |
| March 1, 2013 | CAKE | Options to purchase common stock | Common Stock | $21.42 | Jan. 7, 2018 | 3,000 | Disposed |
| March 1, 2013 | CAKE | Options to purchase common stock | Common Stock | $25.10 | Jan. 4, 2017 | 5,000 | Disposed |
| July 31, 2012 | CAKE | Options to purchase common stock | Common stock | $25.10 | Jan. 4, 2017 | 5,000 | Disposed |
| July 31, 2012 | CAKE | Options to purchase common stock | Common stock | $28.21 | April 30, 2014 | 15,000 | Disposed |
| March 12, 2012 | CAKE | Options to purchase common stock | Common stock | $9.20 | Feb. 5, 2017 | 1,500 | Disposed |
| March 12, 2012 | CAKE | Options to purchase common stock | Common stock | $21.17 | Jan. 3, 2018 | 8,000 | Disposed |
| Jan. 5, 2012 | CAKE | Options to purchase common stock | Common stock | $29.29 | Jan. 5, 2020 | 4,000 | Acquired |
| Feb. 22, 2011 | CAKE | Options to purchase common stock | Common stock | $9.20 | Feb. 5, 2017 | 1,500 | Disposed |
| Jan. 6, 2011 | CAKE | Options to purchase common stock | Common stock | $31.10 | Jan. 6, 2019 | 7,500 | Acquired |
| March 2, 2010 | CAKE | Option to purchase | Common stock | $9.20 | Feb. 5, 2017 | 1,500 | Disposed |
| Jan. 7, 2010 | CAKE | Options to purchase common stock | Common stock | $21.42 | Jan. 7, 2018 | 10,000 | Acquired |
| Feb. 5, 2009 | CAKE | Option to purchase | Common Stock | $9.20 | Feb. 5, 2017 | 7,500 | Acquired |
| Jan. 3, 2008 | CAKE | Option to purchase | Common Stock | $21.17 | Jan. 3, 2018 | 10,000 | Acquired |
| Jan. 4, 2007 | CAKE | Option to Purchase | Common Stock | $25.10 | Jan. 4, 2017 | 10,000 | Acquired |
| Jan. 20, 2006 | CAKE | Option to Purchase (Right to Buy) | Common Stock | $35.84 | Jan. 20, 2016 | 7,500 | Acquired |
| June 9, 2005 | CAKE | Option to Purchase (Right to Buy) | Common Stock | $34.78 | June 9, 2015 | 10,000 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 3 holdings
Securities held when first becoming an insider, per SEC Form 3.
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2009 | $210,000 | · | $23,000 | $35,348 | $107,100 | · | $12,139 | $387,587 |
| 2008 | $210,000 | $25,000 | · | $78,187 | · | · | $13,295 | $326,482 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.