Red Robin withholds 618 and 208 shares for taxes
The withholding followed vesting of 2,538 and 857 time-based restricted stock units, respectively, granted October 2, 2023, under the 2017 Performance Incentive Plan.
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Rhea-AI Filing Summary
Red Robin Gourmet Burgers Inc. Chief Transformation Officer John Charles McLaughlin had 618 and 208 common shares withheld on October 2, 2026, to meet tax withholding obligations when time-based restricted stock units vested. The reported price was $7.95 per share for both transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 618 | $7.95 | $5K |
| Tax Withholding | Common Stock F2, F3 | 208 | $7.95 | $2K |
Footnotes (3)
- F1. In connection with the vesting of 2,538 time-based restricted stock units that were granted on October 02, 2023, under the issuer's 2017 Performance Incentive Plan, as amended, the issuer withheld 618 of such shares to satisfy tax withholding obligations. The transaction was approved by the issuer's Compensation Committee in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), and as such, is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
- F2. In connection with the vesting of 857 time-based restricted stock units that were granted on October 02, 2023, under the issuer's 2017 Performance Incentive Plan, as amended, the issuer withheld 208 of such shares to satisfy tax withholding obligations. The transaction was approved by the issuer's Compensation Committee in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), and as such, is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
- F3. Includes 16,805 shares subject to vesting and forfeiture restrictions.
Key Figures
Key Terms
time-based restricted stock units financial
tax withholding obligations financial
2017 Performance Incentive Plan technical
Rule 16b-3(d)(1) regulatory
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