Red Robin (RRGB) COO reports PSU vesting and tax share withholding
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,011 shares
Net Buy
2 txns
Insider
Griffith Jesse
Role
Chief Operations Officer
| 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 |
Holdings After Transaction:
Common Stock — 44,351 shares (Direct)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Red Robin (RRGB) report for Jesse Griffith?
Red Robin reported that COO Jesse Griffith received 2,038 vested performance-based restricted stock units and had 1,027 shares withheld to cover related tax obligations. These Form 4 transactions reflect equity compensation and tax withholding, not an open-market stock purchase or sale.
How many PSUs vested for Red Robin (RRGB) COO Jesse Griffith?
Jesse Griffith had 2,038 performance-based restricted stock units vest under Red Robin’s 2017 Performance Incentive Plan. The vesting followed certification that the company achieved 31% of its target total shareholder return versus a selected peer group for the 2023–2025 performance period.
What performance metric triggered PSU vesting for Red Robin (RRGB) executives?
The PSU vesting was triggered when Red Robin’s Compensation Committee certified achievement of 31% of the company’s target total shareholder return. This performance was measured relative to a specified peer group for the 2023–2025 performance period, under the 2017 Performance Incentive Plan.