Red Robin (RRGB) grants director 13,295 time-based restricted stock units
Rhea-AI Filing Summary
Kappitt Michael reported acquisition or exercise transactions in this Form 4 filing.
Red Robin Gourmet Burgers Inc. director Michael Kappitt reported an equity compensation grant of 13,295 restricted stock units under the company’s 2024 Performance Incentive Plan. Each unit represents the right to receive one share of common stock upon vesting. The units vest on the later of fifty weeks after grant or the company’s next annual meeting of stockholders and are subject to vesting and forfeiture restrictions. Following this award, Kappitt’s reported direct holdings consist of these 13,295 time-based restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,295 shares
Net Buy
1 txn
Insider
Kappitt Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RRGB F1, F2 | 13,295 | $0.00 | $0.00 |
Holdings After Transaction:
RRGB — 13,295 shares (Direct)
Footnotes (2)
- 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 13,295 time-based restricted stock units subject to vesting and forfeiture restrictions.
Key Figures
Restricted stock units granted: 13,295 units
Price per unit: 0.0000 per share
Holdings after transaction: 13,295 units
+1 more
4 metrics
Restricted stock units granted
13,295 units
Grant of time-based RSUs to director Michael Kappitt
Price per unit
0.0000 per share
Reported transaction price for the RSU grant
Holdings after transaction
13,295 units
Total direct time-based RSUs reported following the grant
Vesting period trigger
fifty weeks
Units vest later of fifty weeks after grant and next annual meeting
Key Terms
restricted stock units, 2024 Performance Incentive Plan, time-based restricted stock units, vesting and forfeiture restrictions
4 terms
restricted stock units financial
"Represents a grant of restricted stock units under the issuer's 2024 Performance"
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
"grant of restricted stock units under the issuer's 2024 Performance Incentive Plan"
time-based restricted stock units financial
"Includes 13,295 time-based restricted stock units subject to vesting"
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.
vesting and forfeiture restrictions financial
"time-based restricted stock units subject to vesting and forfeiture restrictions"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Michael Kappitt acquire in this Form 4 for RRGB?
Michael Kappitt received a grant of 13,295 restricted stock units of Red Robin Gourmet Burgers Inc. Each unit represents the contingent right to receive one share of common stock upon vesting under the 2024 Performance Incentive Plan.
What is the vesting schedule of Michael Kappitt’s 13,295 RSUs in RRGB?
The 13,295 restricted stock units are scheduled to vest on the later of fifty weeks following the grant date and the company’s next annual meeting of stockholders, and are subject to vesting and forfeiture restrictions.
What is Michael Kappitt’s reported holding in RRGB after this transaction?
After the transaction, Michael Kappitt’s reported direct holdings consist of 13,295 time-based restricted stock units. All reported units are subject to vesting and forfeiture restrictions under Red Robin Gourmet Burgers Inc.’s 2024 Performance Incentive Plan.
Are Michael Kappitt’s RRGB restricted stock units fully vested?
No. The filing states the 13,295 time-based restricted stock units are subject to vesting and forfeiture restrictions and will vest on the later of fifty weeks after grant and the company’s next annual meeting of stockholders.