RRGB COO auto-sells 1,008 shares for taxes
RED ROBIN GOURMET BURGERS INC Chief Operations Officer Jesse Griffith reported an automatic sale of 1,008 shares of common stock on April 6, 2026, at $3.029 per share.
Rhea-AI Filing Summary
RED ROBIN GOURMET BURGERS INC Chief Operations Officer Jesse Griffith reported an automatic sale of 1,008 shares of common stock on April 6, 2026, at $3.029 per share. The company sold these shares on his behalf to cover tax withholding obligations and related fees from the vesting of 2,610 time-based restricted stock units granted in April 2023. These sell-to-cover transactions were not discretionary trades. After the sale, Griffith directly holds 37,818 shares of common stock, including 20,738 shares subject to vesting and forfeiture restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,008 | $3.029 | $3K |
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 2,610 time-based restricted stock units that were granted to the reporting person on April 03, 2023 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 $3.029 per share.
- F3. Includes 20,738 shares subject to vesting and forfeiture restrictions.
Key Figures
Key Terms
sell-to-cover financial
restricted stock units financial
vesting financial
Performance Incentive Plan financial
forfeiture restrictions financial
FAQ
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What insider transaction did RRGB executive Jesse Griffith report on this Form 4?
Was Jesse Griffith’s RRGB stock sale a discretionary trade or automatic sell-to-cover?
What triggered the sell-to-cover transaction for RRGB’s Chief Operations Officer?
AI-generated analysis. How Rhea-AI works. Not financial advice.