Red Robin (RRGB) director Anddria Varnado awarded 31,662 restricted stock units
Rhea-AI Filing Summary
Varnado Anddria reported acquisition or exercise transactions in this Form 4 filing.
RED ROBIN GOURMET BURGERS INC director Anddria Varnado received an equity grant of 31,662 restricted stock units (RSUs) of common stock as compensation. The RSUs were granted at no cash cost and will vest on the later of fifty weeks after the grant date or the company’s next annual stockholders’ meeting. After this award, Varnado directly holds 112,024 shares and units in total, including the 31,662 time-based RSUs that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,662 shares
Net Buy
1 txn
Insider
Varnado Anddria
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,662 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 112,024 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
RSU grant size: 31,662 units
Grant price: $0.00 per share
Holdings after transaction: 112,024 shares/units
+1 more
4 metrics
RSU grant size
31,662 units
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Compensation award, no cash paid by reporting person
Holdings after transaction
112,024 shares/units
Direct holdings following RSU grant
Vesting timing
50 weeks plus next meeting test
Vests on later of fifty weeks after grant or next annual meeting
Key Terms
restricted stock units, 2024 Performance Incentive Plan, vesting, forfeiture restrictions
4 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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Anddria Varnado receive in this RED ROBIN (RRGB) Form 4 filing?
Anddria Varnado received a grant of 31,662 restricted stock units of RED ROBIN common stock as compensation. Each unit represents the right to receive one share when vesting conditions are met, with no cash paid for the grant.
How and when do Anddria Varnado’s new RED ROBIN RSUs vest?
The 31,662 restricted stock units vest on the later of fifty weeks after the grant date or RED ROBIN’s next annual stockholders’ meeting. Vesting must occur before units convert into common shares, and they remain subject to forfeiture until then.
What is Anddria Varnado’s total RED ROBIN equity position after this grant?
After the grant, Anddria Varnado directly holds 112,024 RED ROBIN common shares and units. This total includes 31,662 time-based restricted stock units, which are still subject to vesting and forfeiture restrictions under the company’s equity plan.
Was this RED ROBIN (RRGB) transaction a market buy or sell by Anddria Varnado?
No, this was not a market buy or sell. The Form 4 reports a compensation-related grant, coded as an acquisition (A) of 31,662 restricted stock units, awarded at a price of $0.00 per share rather than purchased or sold in the open market.
Under which plan were Anddria Varnado’s RED ROBIN RSUs granted?
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.