Red Robin (RRGB) director Martin awarded 31,662 RSUs, reports over 1.6M indirect shares
Rhea-AI Filing Summary
Martin Christopher Ross reported acquisition or exercise transactions in this Form 4 filing.
RED ROBIN GOURMET BURGERS INC director and ten percent owner Christopher Ross Martin reported an equity award and updated holdings. He received a grant of 31,662 restricted stock units of common stock at no cost under the 2024 Performance Incentive Plan. These units are scheduled to vest on the later of fifty weeks after the grant date and the company’s next annual stockholder meeting, and remain subject to vesting and forfeiture conditions. Following the award, he holds 83,608 shares directly, and an additional 1,614,906 shares are held indirectly through Jumana Capital Investments LLC, where he may be deemed a beneficial owner but disclaims full beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine equity grant increases insider exposure without open-market buying or selling.
The filing shows Christopher Ross Martin, a director and ten percent owner, received 31,662 restricted stock units at $0.00 per unit under the 2024 Performance Incentive Plan. This is compensation-related, not an open-market purchase.
The RSUs vest on the later of fifty weeks after grant and the next annual stockholder meeting, which ties value to his continued service and the company’s governance calendar. The filing also reports 1,614,906 shares held indirectly via Jumana Capital Investments LLC, with partial beneficial ownership disclaimed.
No shares were reported as sold, and there are no derivative exercises or tax-withholding events. Overall, this looks like routine equity compensation and updated ownership disclosure, with limited direct informational value beyond confirming Martin’s sizable ongoing exposure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,662 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. Includes 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 18 or any other purpose. Represents shares of Common Stock owned directly by Jumana Capital Investments LLC ("Jumana Capital"). Mr. Martin, as Manager of Jumana Capital, may be deemed to beneficially own the shares of Common Stock owned directly by Jumana Capital.