Red Robin (RRGB) director Anthony Ackil receives 31,662 restricted stock units
Rhea-AI Filing Summary
Ackil Anthony S reported acquisition or exercise transactions in this Form 4 filing.
RED ROBIN GOURMET BURGERS INC director Anthony S. Ackil received a grant of 31,662 restricted stock units of common stock. These units were awarded at no cash cost as equity compensation. Each unit represents the right to receive one share of common stock when it vests.
The restricted stock units are scheduled to vest on the later of fifty weeks after the grant date or the company’s next annual meeting of stockholders, and are subject to vesting and forfeiture conditions. Following this grant, Ackil’s direct holdings reported in this filing total 135,464 shares and units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,662 shares
Net Buy
1 txn
Insider
Ackil Anthony S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,662 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 135,464 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 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions.
Key Figures
RSUs granted: 31,662 units
Grant price per unit: $0.00
Holdings after grant: 135,464 shares/units
+2 more
5 metrics
RSUs granted
31,662 units
Time-based restricted stock units granted to director
Grant price per unit
$0.00
Reported transaction price per restricted stock unit
Holdings after grant
135,464 shares/units
Total direct holdings following the transaction
Vesting timing
Later of 50 weeks or next annual meeting
Schedule for RSU vesting under the award terms
Form type
Form 4
Insider transaction report for director equity grant
Key Terms
restricted stock units, 2024 Performance Incentive Plan, vesting, forfeiture restrictions, +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."
vesting financial
"Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture restrictions financial
"Includes 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions."
contingent right financial
"Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Red Robin (RRGB) director Anthony S. Ackil report in this Form 4?
Anthony S. Ackil reported receiving a grant of 31,662 restricted stock units of Red Robin common stock. These equity awards were granted at no cash cost and increase his directly reported holdings to 135,464 shares and units after the transaction.
When do Anthony S. Ackil’s new restricted stock units in Red Robin (RRGB) vest?
The restricted stock units are scheduled to vest on the later of fifty weeks after the grant date or Red Robin’s next annual meeting of stockholders. Vesting is also subject to forfeiture conditions set out in the 2024 Performance Incentive Plan.
What is Anthony S. Ackil’s total reported Red Robin (RRGB) holding after this transaction?
After the grant, Anthony S. Ackil is reported as directly holding 135,464 shares and restricted stock units of Red Robin common stock. This figure includes the newly granted 31,662 time-based restricted stock units that remain subject to vesting and forfeiture terms.
Is Anthony S. Ackil’s Red Robin (RRGB) Form 4 transaction a market purchase or sale?
The Form 4 reports an acquisition coded as a grant or award, not an open-market trade. Ackil received 31,662 restricted stock units as compensation, at a reported price of $0.00 per unit, rather than buying or selling shares in the market.
Under which plan were Anthony S. Ackil’s Red Robin (RRGB) restricted stock units granted?
The restricted stock units were granted under Red Robin’s 2024 Performance Incentive Plan. This plan provides equity-based awards, and the filing notes that the 31,662 units are time-based awards subject to vesting and forfeiture restrictions as specified in the plan.