Red Robin (RRGB) director awarded 31,662 restricted stock units in equity grant
Rhea-AI Filing Summary
LUMPKIN STEVE reported acquisition or exercise transactions in this Form 4 filing.
RED ROBIN GOURMET BURGERS INC director Steve Lumpkin reported an equity award rather than an open-market trade. He received 31,662 shares of common stock as a grant of restricted stock units under the company’s 2024 Performance Incentive Plan at a price of $0.00 per share.
The restricted stock units each represent one future share and are scheduled to vest on the later of fifty weeks after the grant date and the company’s next annual shareholder meeting, and remain subject to vesting and forfeiture conditions. Following this grant, Lumpkin directly holds 108,290 shares of common stock, while 50,043 additional shares are held indirectly through the Steven K. Lumpkin Trust U/A.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,662 shares
Net Buy
2 txns
Insider
LUMPKIN STEVE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,662 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 108,290 shares (Direct);
Common Stock — 50,043 shares (Indirect, See Footnote)
Footnotes (3)
- F1. Represents a grant of restricted stock units under the issuer's 2024 Performance Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock. The units are scheduled to vest on the later of (x) fifty weeks following the date of grant and (y) the Company's next annual meeting of stockholders.
- F2. Includes 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions.
- F3. The shares are held indirectly through Steven K. Lumpkin Trust U/A.
Key Figures
Restricted stock units granted: 31,662 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 108,290 shares
+2 more
5 metrics
Restricted stock units granted
31,662 shares
Equity award under 2024 Performance Incentive Plan
Grant price per share
$0.00 per share
Price for awarded restricted stock units
Direct holdings after grant
108,290 shares
Common stock directly held following the transaction
Indirect trust holdings
50,043 shares
Common stock held through Steven K. Lumpkin Trust U/A
Vesting period
50 weeks minimum
Later of fifty weeks after grant and next annual meeting
Key Terms
restricted stock units, 2024 Performance Incentive Plan, time-based restricted stock units, vesting and forfeiture restrictions, +1 more
5 terms
restricted stock units financial
"Represents a grant of restricted stock units under the issuer's 2024 Performance Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2024 Performance Incentive Plan financial
"Represents a grant of restricted stock units under the issuer's 2024 Performance Incentive Plan."
time-based restricted stock units financial
"Includes 31,662 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.
vesting and forfeiture restrictions financial
"Includes 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions."
indirectly through Steven K. Lumpkin Trust U/A financial
"The shares are held indirectly through Steven K. Lumpkin Trust U/A."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Red Robin (RRGB) director Steve Lumpkin report in this Form 4?
Steve Lumpkin reported receiving a grant of 31,662 restricted stock units of Red Robin common stock. The award is compensation under the 2024 Performance Incentive Plan, not an open-market share purchase or sale, and increases his reported direct equity holdings.
When do Steve Lumpkin’s Red Robin (RRGB) restricted stock units vest?
The restricted stock units are scheduled to vest on the later of fifty weeks after the grant date and Red Robin’s next annual shareholder meeting. Vesting is also subject to standard forfeiture and time-based vesting conditions described in the incentive plan.
What is the nature of Steve Lumpkin’s indirect Red Robin (RRGB) holdings?
The filing states that 50,043 Red Robin common shares are held indirectly through the Steven K. Lumpkin Trust U/A. This means those shares are owned via the trust structure rather than directly in his personal name, as noted in the footnote.