Pappas granted 31,662 RSUs in Red Robin
Pappas James C reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Pappas James C reported acquisition or exercise transactions in this Form 4 filing.
RED ROBIN GOURMET BURGERS INC director and greater-than-10% holder James C. Pappas reported an equity award of common stock. He received a grant of 31,662 restricted stock units under the company’s 2024 Performance Incentive Plan, with each unit representing one share of common stock upon vesting.
The units are scheduled to vest on the later of fifty weeks after the grant date and the company’s next annual stockholder meeting, and are subject to vesting and forfeiture conditions. Following this award, Pappas directly holds 83,608 shares of common stock, including these 31,662 time-based restricted stock units, and is associated with additional indirect holdings through JCP Investment Partnership, LP and managed accounts of JCP Investment Management, LLC.
Insider Trade Summary
Grant/Award: 31,662 shares
Grant/Award
3 txns
Insider
Pappas James C
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,662 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 83,608 shares (Direct);
Common Stock — 1,084,104 shares (Indirect, By: Managed Accounts of JCP Investment Management, LLC);
Common Stock — 776,564 shares (Indirect, By: JCP Investment Partnership, LP)
Footnotes (5)
- 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.
- F3. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
- F4. Represents shares of Common Stock held in certain accounts (the "JCP Accounts") managed by JCP Investment Management, LLC ("JCP Management"). JCP Management, as the investment manager of JCP Accounts, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts. Mr. Pappas, as the managing member of JCP Management, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts.
- F5. Represents shares of Common Stock owned directly by JCP Investment Partnership, LP ("JCP Partnership"). JCP Investment Partners, LP ("JCP Partners"), as the general partner of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Investment Holdings, LLC ("JCP Holdings"), as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Management, as the investment manager of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership.
Key Figures
RSU grant: 31,662 units
RSU grant price: $0.00 per unit
Direct holdings after grant: 83,608 shares
+3 more
6 metrics
RSU grant
31,662 units
Restricted stock units granted under 2024 Performance Incentive Plan
RSU grant price
$0.00 per unit
Equity compensation award, not an open-market purchase
Direct holdings after grant
83,608 shares
Common stock directly held by Pappas after award, including RSUs
Indirect JCP Partnership holdings
776,564 shares
Common stock held by JCP Investment Partnership, LP
Indirect managed accounts holdings
1,084,104 shares
Common stock in accounts managed by JCP Investment Management, LLC
Vesting schedule anchor
50 weeks
Units vest later of 50 weeks after grant and next annual meeting
Key Terms
restricted stock units, 2024 Performance Incentive Plan, beneficial ownership, pecuniary interest, +1 more
5 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."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
time-based restricted stock units financial
"Includes 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did James C. Pappas report in this Form 4 for RRGB?
James C. Pappas reported receiving 31,662 restricted stock units of Red Robin common stock as an equity award. These units were granted under the 2024 Performance Incentive Plan and will convert into shares only if vesting conditions are satisfied.
What are the vesting terms of the 31,662 restricted stock units granted to Pappas at RRGB?
The 31,662 restricted stock units vest on the later of fifty weeks after the grant date and Red Robin’s next annual stockholder meeting. The grant is subject to vesting and forfeiture conditions, meaning units are lost if those conditions are not met.
Were the restricted stock units granted to James C. Pappas at a purchase price?
The 31,662 restricted stock units were granted at a price of $0.00 per unit, reflecting a compensation award rather than a market purchase. Each unit represents the right to receive one share of Red Robin common stock upon vesting.
What indirect Red Robin holdings are associated with entities linked to James C. Pappas?
Entities associated with James C. Pappas are shown holding 776,564 Red Robin shares through JCP Investment Partnership, LP and 1,084,104 shares in managed accounts of JCP Investment Management, LLC. Footnotes state he may be deemed to beneficially own these interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates