Red Robin (RRGB) COO gets 38,636 Phantom RSUs, sells shares
Rhea-AI Filing Summary
RED ROBIN GOURMET BURGERS INC Chief Operations Officer Jesse Griffith reported a mix of compensation-related share movements. He sold 839 shares of common stock in an open-market transaction at $3.12 per share, tied to automatic “sell-to-cover” activity on vested restricted stock units.
The company also withheld 3,284 shares of common stock valued at $3.08 per share to satisfy tax obligations from another RSU vesting. Separately, Griffith received a grant of 38,636 Phantom Restricted Stock Units, each representing one share or its cash equivalent, scheduled to vest in three equal installments over three years. Following these transactions, he directly holds 38,826 common shares, including 23,348 subject to vesting and forfeiture restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,123 shares
Net Sell
3 txns
Insider
Griffith Jesse
Role
Chief Operations Officer
Sold
839 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,284 | $3.08 | $10K |
| Grant/Award | Phantom Restricted Stock Unit | 38,636 | $0.00 | $0.00 |
| Sale | Common Stock | 839 | $3.12 | $3K |
Holdings After Transaction:
Phantom Restricted Stock Unit — 38,636 shares (Direct);
Common Stock — 38,826 shares (Direct)
Footnotes (5)
- F1. Represents the sale of shares by the issuer on behalf of the reporting person pursuant to automatic "sell-to-cover" transactions to cover tax withholding obligations and fees arising due to the vesting of 2,191 time-based restricted stock units that were granted to the reporting person on March 20, 2023 under the issuer's 2017 Performance Incentive Plan, as amended. These sell to cover transactions do not represent discretionary trades by the reporting person.
- F2. The price reported is the actual sale price of the shares. The shares were sold in a single transaction at $3.12 per share.
- F3. In connection with the vesting of 8,621 time-based restricted stock units that were granted on March 24, 2025, under the issuer's 2024 Performance Incentive Plan, as amended, the issuer withheld 3,284 of such shares to satisfy tax withholding obligations. The transaction was approved by the issuer's Compensation Committee in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), and as such, is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
- F4. Includes 23,348 shares subject to vesting and forfeiture restrictions.
- F5. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Red Robin (RRGB) COO Jesse Griffith report?
COO Jesse Griffith reported a small open-market sale, tax-related share withholding, and a new equity grant. He sold 839 common shares, had 3,284 shares withheld for taxes, and received 38,636 Phantom RSUs as part of his compensation package.
What Phantom Restricted Stock Units did the Red Robin (RRGB) COO receive?
Griffith received 38,636 Phantom Restricted Stock Units on March 23, 2026. Each Phantom RSU represents a contingent right to one share of common stock or its cash equivalent, with one third scheduled to vest on each of the first three anniversaries of the grant date.
Are the Red Robin (RRGB) COO’s recent trades discretionary or automatic?
The filing explains that the 839-share sale was executed by the issuer as an automatic “sell-to-cover” to address tax obligations from RSU vesting. The 3,284-share withholding was also tax-related, indicating these events were mechanistic rather than purely discretionary trades.