Cracker Barrel (CBRL) SVP and General Counsel gets 1,021 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lankford Jennifer reported acquisition or exercise transactions in this Form 4 filing.
CRACKER BARREL OLD COUNTRY STORE, INC executive Jennifer Lankford, SVP and General Counsel, received a grant of 1,021 shares of common stock as a time-based RSU award valued at $29.08 per share. The award will cliff vest on September 30, 2028, and her direct holdings after this grant total 1,388 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lankford Jennifer
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,021 | $29.08 | $30K |
Holdings After Transaction:
Common Stock — 1,388 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU award size: 1,021 shares
Grant price: $29.08 per share
Holdings after grant: 1,388 shares
+1 more
4 metrics
RSU award size
1,021 shares
Time-based RSU grant under annual LTI plan
Grant price
$29.08 per share
Reference value for RSU award
Holdings after grant
1,388 shares
Direct ownership following RSU award
Vesting date
September 30, 2028
Cliff vesting date for time-based RSUs
Key Terms
Time-based RSUs, annual LTI plan award, cliff vest, SVP and General Counsel
4 terms
Time-based RSUs financial
"Represents an annual LTI plan award of Time-based RSUs which will cliff vest"
annual LTI plan award financial
"Represents an annual LTI plan award of Time-based RSUs"
cliff vest financial
"Time-based RSUs which will cliff vest on September 30, 2028"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
SVP and General Counsel financial
"Lankford Jennifer, SVP and General Counsel"
FAQ
What did CBRL executive Jennifer Lankford receive in this Form 4 filing?
Jennifer Lankford received an annual long-term incentive award of 1,021 time-based restricted stock units tied to Cracker Barrel common stock. The grant is reported as an acquisition under code A, reflecting compensation rather than an open-market share purchase.
What is the vesting schedule for Jennifer Lankford’s CBRL RSU award?
The 1,021 time-based restricted stock units granted to Jennifer Lankford will cliff vest on September 30, 2028. Cliff vesting means the entire award becomes available at that single future date, rather than vesting gradually over multiple intervals.
How was the value of Jennifer Lankford’s CBRL RSU grant determined?
The Form 4 shows the 1,021-share award valued at $29.08 per share. This per-share figure provides the reference price used for the grant, giving an implied grant-date value for the time-based restricted stock units she received.
Is Jennifer Lankford’s CBRL transaction a market buy or executive compensation?
The transaction is executive compensation, not a market purchase. It is coded A as a grant or award of time-based restricted stock units under an annual long-term incentive plan, rather than an open-market buy or sell of Cracker Barrel shares.