Red Robin (RRGB) legal officer sell-to-cover 2,800 shares at $3.8801
Rhea-AI Filing Summary
Red Robin Gourmet Burgers' chief legal officer reported an automatic sale of 2,800 shares of common stock at $3.8801 per share on December 9, 2025. The shares were sold in a single transaction as a "sell-to-cover" to pay tax withholding and related fees triggered by the vesting of 6,345 time-based restricted stock units granted on December 8, 2022 under the company’s 2017 Performance Incentive Plan.
These sell-to-cover transactions were executed by the issuer on behalf of the officer and are described as non-discretionary for the reporting person. Following the transaction, the officer beneficially owned 110,677 shares, which includes 81,817 time-based restricted stock units that remain subject to vesting and potential forfeiture.
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FAQ
What insider transaction did Red Robin (RRGB) report in this filing?
The chief legal officer of Red Robin Gourmet Burgers Inc. reported the sale of 2,800 shares of common stock on December 9, 2025 at a price of $3.8801 per share.
Why were 2,800 Red Robin (RRGB) shares sold by the officer?
The 2,800 shares were sold by the issuer on behalf of the officer as automatic "sell-to-cover" transactions to satisfy tax withholding obligations and fees arising from the vesting of 6,345 time-based restricted stock units.
Were the Red Robin insider share sales discretionary trades?
No. The filing states these sell-to-cover transactions "do not represent discretionary trades" by the reporting person and were carried out automatically to cover taxes and fees.
What equity award vesting triggered the tax sell-to-cover at Red Robin?
The tax sell-to-cover was tied to the vesting of 6,345 time-based restricted stock units that were granted to the officer on December 8, 2022 under Red Robin’s 2017 Performance Incentive Plan, as amended.
How many Red Robin shares does the officer beneficially own after this transaction?
After the reported transaction, the officer beneficially owned 110,677 shares, which includes 81,817 time-based restricted stock units that remain subject to vesting and forfeiture restrictions.
What is the role of the reporting person in Red Robin (RRGB)?
The reporting person is an officer of Red Robin Gourmet Burgers Inc., serving as the company’s Chief Legal Officer.