CBRL Form 4 shows 7,893 RSU award to Cracker Barrel director

Rhea-AI Filing Summary

Cracker Barrel Old Country Store, Inc. (CBRL) reported an equity grant to one of its independent directors, Carl T. Berquist. On November 20, 2025, he received an annual award of 7,893 time-based restricted stock units (RSUs) under the company’s 2020 Omnibus Incentive Compensation Plan at a stated price of $0.00 per unit, reflecting a non-cash compensation grant.

Following this award, Berquist beneficially owns 21,864 shares of Cracker Barrel common stock in direct ownership. The RSU grant is scheduled to cliff vest on November 20, 2026, meaning all units vest at once on that date if the vesting conditions are met.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BERQUIST CARL T

(Last) (First) (Middle)

305 HARTMANN DRIVE

(Street)

LEBANON TN 37087

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CRACKER BARREL OLD COUNTRY STORE, INC [ CBRL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/20/2025		A		7,893(1)	A	$0.00	21,864	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an annual award of time-based RSUs payable to independent directors pursuant to the Company's 2020 Omnibus Incentive Compensation Plan. Award will cliff vest on November 20, 2026.

Remarks:

	Carl T Berquist by Richard M. Wolfson, Attorney-in-Fact	11/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CBRL report in this Form 4?

The filing reports that director Carl T. Berquist received an annual grant of 7,893 time-based RSUs of Cracker Barrel common stock on November 20, 2025.

What is the nature of the 7,893 RSUs granted to the CBRL director?

The 7,893 RSUs are an annual award of time-based restricted stock units granted to an independent director under Cracker Barrel’s 2020 Omnibus Incentive Compensation Plan.

When do the newly granted RSUs for CBRL’s director vest?

The RSUs granted to the director will cliff vest on November 20, 2026, meaning all units vest in full on that date.

What was the reported transaction price for the CBRL RSU grant?

The Form 4 shows the transaction price as $0.00 per RSU, consistent with a non-cash equity compensation award to a director.

How many CBRL shares does the director beneficially own after this transaction?

After the RSU award, the director is reported to beneficially own 21,864 shares of Cracker Barrel common stock in direct ownership.

What role does the reporting person hold at Cracker Barrel (CBRL)?

The reporting person, Carl T. Berquist, is identified as a director of Cracker Barrel Old Country Store, Inc.