Red Robin (RRGB) CLO sell-to-cover 4,037 shares for taxes
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
Net Seller: 4,037 shares
Net Sell
1 txn
Insider
Mussetter Sarah A.
Role
CHIEF LEGAL OFFICER
Sold
4,037 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,037 | $3.2108 | $13K |
Holdings After Transaction:
Common Stock — 109,801 shares (Direct)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Red Robin (RRGB) disclose for Sarah A. Mussetter?
Red Robin disclosed an automatic tax-related share sale for chief legal officer Sarah A. Mussetter. The issuer sold shares on her behalf to cover withholding taxes and fees tied to vesting restricted stock units, rather than a discretionary open-market trade by her.
Was the Red Robin (RRGB) insider sale a discretionary trade by the chief legal officer?
No, the sale was not discretionary. Footnotes state it was an automatic “sell-to-cover” transaction executed by the issuer solely to satisfy tax withholding obligations and fees from vesting restricted stock units granted under the company’s 2017 Performance Incentive Plan.
What restricted stock units are mentioned in the Red Robin (RRGB) Form 4 filing?
The filing references 8,813 vested and 73,004 unvested RSUs. The 4,037-share sale covered taxes and fees from 8,813 time-based restricted stock units granted March 13, 2024, while 73,004 time-based restricted stock units remain subject to future vesting and forfeiture conditions.
What plan governed the restricted stock units in this Red Robin (RRGB) insider transaction?
The restricted stock units were granted under Red Robin’s 2017 Performance Incentive Plan, as amended. The automatic sell-to-cover transaction was used to satisfy tax withholding obligations and fees arising from the vesting of RSUs granted on March 13, 2024 to the chief legal officer.