Red Robin COO logs stock award, tax withholding
Red Robin Gourmet Burgers Chief Operations Officer Jesse Griffith reported equity compensation activity and related tax withholding.
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Rhea-AI Filing Summary
Red Robin Gourmet Burgers Chief Operations Officer Jesse Griffith reported equity compensation activity and related tax withholding. On February 17, 2,038 performance-based restricted stock units vested at a price of $0.0000 per share after the company achieved 31% of its total shareholder return target for the 2023–2025 period. On February 19, 1,027 shares of common stock were disposed of through share withholding at $3.32 per share to cover taxes and fees from this vesting. After these transactions, Griffith directly owned 44,351 shares of common stock, which includes 37,657 time-based restricted stock units that remain subject to vesting and forfeiture conditions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,027 | $3.32 | $3K |
| Grant/Award | Common Stock | 2,038 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents the acquisition of shares due to the vesting of 2,038 performance-based restricted stock units ("PSUs") under the issuer's 2017 Performance Incentive Plan for the 2023-2025 performance period, following the Compensation Committee's certification on February 17, 2026 of the Company's achievement of 31% of target of the Company's total shareholder return performance relative to a selected peer group (Relative TSR).
- F2. Represents the withholding of shares by the issuer on behalf of the reporting person to satisfy tax withholding obligations and fees arising in connection with the vesting of the 2,038 PSUs. This 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.
- F3. Includes 37,657 time-based restricted stock units subject to vesting and forfeiture restrictions.
FAQ
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What insider transactions did Red Robin (RRGB) report for Jesse Griffith?
How many PSUs vested for Red Robin (RRGB) COO Jesse Griffith?
What performance metric triggered PSU vesting for Red Robin (RRGB) executives?
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