Red Robin (RRGB) director Nicole Miller receives 31,662 restricted stock units
Rhea-AI Filing Summary
Regan Nicole Miller reported acquisition or exercise transactions in this Form 4 filing.
RED ROBIN GOURMET BURGERS INC director Nicole Miller received an equity award of 31,662 restricted stock units of common stock. The award was granted at no cash purchase price as part of compensation. Following this grant, she holds 96,779 shares and units directly.
The footnotes explain that each restricted stock unit represents the right to receive one common share upon vesting. These 31,662 time-based units are subject to vesting and forfeiture conditions and are scheduled to vest on the later of fifty weeks after the grant date and the company’s next annual stockholder meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,662 shares
Net Buy
1 txn
Insider
Regan Nicole Miller
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,662 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 96,779 shares (Direct)
Footnotes (2)
- 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.
Key Figures
Restricted stock units granted: 31,662 units
Price per unit: $0.00 per unit
Holdings after transaction: 96,779 shares and units
+1 more
4 metrics
Restricted stock units granted
31,662 units
Equity award of common stock units to director
Price per unit
$0.00 per unit
Compensation grant, not a cash purchase
Holdings after transaction
96,779 shares and units
Direct ownership following the grant
Vesting schedule
Later of 50 weeks and next annual meeting
Timing for RSU vesting
Key Terms
restricted stock units, 2024 Performance Incentive Plan, vesting, 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."
vesting financial
"Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture restrictions financial
"Includes 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions."
contingent right financial
"Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Red Robin (RRGB) director Nicole Miller report in this Form 4?
Nicole Miller reported receiving 31,662 restricted stock units of Red Robin common stock as a compensation grant. The units carry no cash exercise price and increase her direct holdings to 96,779 shares and units after the transaction.
What are the vesting terms of Nicole Miller’s 31,662 Red Robin restricted stock units?
The 31,662 restricted stock units vest on the later of fifty weeks after the grant date and Red Robin’s next annual stockholder meeting. Each vested unit will convert into one share of common stock, subject to continued service and forfeiture provisions.
Were Nicole Miller’s Red Robin restricted stock units granted under a specific plan?
Yes. The 31,662 restricted stock units were granted under Red Robin’s 2024 Performance Incentive Plan. This plan provides equity-based compensation, and each restricted stock unit represents a contingent right to receive one share of common stock upon vesting.