Red Robin (RRGB) Chief Transformation Officer reports equity and Phantom RSU holdings
Rhea-AI Filing Summary
RED ROBIN GOURMET BURGERS INC executive John Charles McLaughlin, the Chief Transformation Officer, filed an initial ownership report showing his equity stake in the company. He reports beneficial ownership of 34,480 shares of common stock, which includes 20,200 time-based restricted stock units that are subject to vesting and forfeiture conditions.
He also holds 26,493 Phantom Restricted Stock Units (Phantom RSUs) tied to the company’s common stock. Each Phantom RSU represents a contingent right to receive either one share of common stock, the cash equivalent, or a combination, upon vesting. One third of these Phantom RSUs are scheduled to vest on each of the first, second, and third anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McLaughlin John Charles
Role
Chief Transformation Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Restricted Stock Unit — 26,493 shares (Direct);
Common Stock — 34,480 shares (Direct)
Footnotes (2)
- F1. Includes 20,200 time-based restricted stock units subject to vesting and forfeiture restrictions
- F2. Represents a grant of Phantom Restricted Stock Units ("Phantom RSUs") on March 23, 2026, under the issuer's 2024 Performance Incentive Plan. Each Phantom RSU represents the contingent right to receive, upon vesting, one share of the issuer's common stock or the cash equivalent of one share of the issuer's common stock on the date of vesting, or a combination thereof, at the issuer's discretion. One third of the Phantom RSUs are scheduled to vest on each of the first, second, and third anniversaries of the date of grant.
Key Figures
Common stock beneficially owned: 34,480 shares
Time-based restricted stock units: 20,200 units
Phantom Restricted Stock Units: 26,493 units
+2 more
5 metrics
Common stock beneficially owned
34,480 shares
Initial ownership reported by Chief Transformation Officer
Time-based restricted stock units
20,200 units
Included within common stock holdings, subject to vesting and forfeiture
Phantom Restricted Stock Units
26,493 units
Contingent right to stock or cash upon vesting
Phantom RSU vesting schedule
One third per year over three years
Anniversaries of the grant date under 2024 Performance Incentive Plan
Phantom RSU exercise price
$0.0000
Exercise or conversion price per Phantom RSU
Key Terms
Phantom Restricted Stock Unit, time-based restricted stock units, Performance Incentive Plan, contingent right
4 terms
Phantom Restricted Stock Unit financial
"Represents a grant of Phantom Restricted Stock Units ("Phantom RSUs") on March 23, 2026, under the issuer's 2024 Performance Incentive Plan."
time-based restricted stock units financial
"Includes 20,200 time-based restricted stock units subject to vesting and forfeiture restrictions"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Performance Incentive Plan financial
"under the issuer's 2024 Performance Incentive Plan."
contingent right financial
"Each Phantom RSU represents the contingent right to receive, upon vesting, one share of the issuer's common stock or the cash equivalent"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Red Robin (RRGB) executive John Charles McLaughlin report on this Form 3?
He reported his initial ownership of Red Robin equity, including 34,480 shares of common stock and 26,493 Phantom Restricted Stock Units. This filing establishes his starting stake as Chief Transformation Officer for regulatory transparency.
What are the 26,493 Phantom Restricted Stock Units reported for Red Robin (RRGB)?
The 26,493 Phantom Restricted Stock Units are compensation awards tied to Red Robin’s common stock. Each unit may convert upon vesting into one share, its cash equivalent, or a mix, at the company’s discretion under the 2024 Performance Incentive Plan.
How do the Phantom RSUs for Red Robin (RRGB) vest for John Charles McLaughlin?
One third of the Phantom RSUs are scheduled to vest on each of the first, second, and third anniversaries of the grant date. This three-year vesting schedule aligns his compensation with longer-term company performance and retention goals.
Does this Red Robin (RRGB) Form 3 show any stock purchases or sales by John Charles McLaughlin?
No, this Form 3 does not show stock purchases or sales. It is an initial ownership statement that lists his existing common stock, time-based restricted stock units, and Phantom RSUs as of the reported date.