Red Robin CLO sell-to-cover 4,037 shares
RED ROBIN GOURMET BURGERS INC chief legal officer Sarah A. Mussetter reported an automatic tax-related share sale.
Rhea-AI Filing Summary
RED ROBIN GOURMET BURGERS INC chief legal officer Sarah A. Mussetter reported an automatic tax-related share sale. On March 16, 2026, the issuer sold 4,037 shares of common stock on her behalf in an open-market transaction at $3.2108 per share to cover withholding taxes and fees from vesting restricted stock units.
After this sell-to-cover transaction, Mussetter directly holds 109,801 shares of common stock. Her holdings also include 73,004 time-based restricted stock units that remain subject to vesting and forfeiture conditions. The footnotes state these were not discretionary trades by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,037 | $3.2108 | $13K |
Footnotes (3)
- 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 8,813 time-based restricted stock units that were granted to the reporting person on March 13, 2024 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 $3.2108 per share.
- F3. Includes 73,004 time-based restricted stock units subject to vesting and forfeiture restrictions.
FAQ
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What insider transaction did Red Robin (RRGB) disclose for Sarah A. Mussetter?
Was the Red Robin (RRGB) insider sale a discretionary trade by the chief legal officer?
What restricted stock units are mentioned in the Red Robin (RRGB) Form 4 filing?
What plan governed the restricted stock units in this Red Robin (RRGB) insider transaction?
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