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Texas Roadhouse (TXRH) growth chief sells 1,000 shares, retains stock and RSUs

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Texas Roadhouse, Inc. chief growth officer Marshall Lloyd Paul reported an open-market sale of 1,000 shares of common stock at $178.34 per share. After this transaction, he directly holds 10,326 shares of common stock.

He also holds restricted stock units covering 9,400 underlying shares that vest on January 8, 2027 and 2,700 underlying shares that vest on January 8, 2028, with share delivery in each case conditioned on his continued service with the company.

Positive

  • None.

Negative

  • None.
Insider Marshall Lloyd Paul
Role CHIEF GROWTH OFFICER
Sold 1,000 shs ($178K)
Type Security Shares Price Value
Sale Common Stock 1,000 $178.34 $178K
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
Holdings After Transaction: Common Stock — 10,326 shares (Direct, null); Restricted Stock Units — 2,700 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a conditional right to receive one share of the Company's common stock. The restricted stock units vest on January 8, 2027. Delivery of the shares to the reporting person will occur on January 8, 2027, subject to the reporting person's continued service with the Company. The restricted stock units vest on January 8, 2028. Delivery of the shares to the reporting person will occur on January 8, 2028, subject to the reporting person's continued service with the Company.
Shares sold 1,000 shares Open-market sale of common stock on May 14, 2026
Sale price $178.34 per share Price for 1,000 sold Texas Roadhouse common shares
Common shares held 10,326 shares Direct ownership after reported sale
RSUs underlying shares (2027) 9,400 shares Restricted stock units vesting on January 8, 2027
RSUs underlying shares (2028) 2,700 shares Restricted stock units vesting on January 8, 2028
RSU exercise price $0.00 Exercise price for reported restricted stock units
Restricted Stock Units financial
"Each restricted stock unit represents a conditional right to receive one share of the Company's common stock."
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.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
continued service financial
"Delivery of the shares to the reporting person will occur ... subject to the reporting person's continued service with the Company."
Common Stock financial
"underlying security title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Marshall Lloyd Paul
(Last)(First)(Middle)
C/O TEXAS ROADHOUSE, INC.
6040 DUTCHMANS LANE
(Street)
LOUISVILLE KENTUCKY 40205
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Texas Roadhouse, Inc. [ TXRH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF GROWTH OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/14/2026S1,000D$178.3410,326D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1) (2) (2)Common Stock2,7002,700D
Restricted Stock Units(1) (3) (3)Common Stock9,4009,400D
Explanation of Responses:
1. Each restricted stock unit represents a conditional right to receive one share of the Company's common stock.
2. The restricted stock units vest on January 8, 2027. Delivery of the shares to the reporting person will occur on January 8, 2027, subject to the reporting person's continued service with the Company.
3. The restricted stock units vest on January 8, 2028. Delivery of the shares to the reporting person will occur on January 8, 2028, subject to the reporting person's continued service with the Company.
/s/ Sean Renfroe, by Power of Attorney05/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Texas Roadhouse (TXRH) report for Marshall Lloyd Paul?

Texas Roadhouse reported that chief growth officer Marshall Lloyd Paul completed an open-market sale of 1,000 shares of common stock at $178.34 per share. Following this transaction, he directly holds 10,326 shares of Texas Roadhouse common stock.

How many Texas Roadhouse (TXRH) shares does Marshall Lloyd Paul hold after the Form 4 filing?

After the reported transaction, Marshall Lloyd Paul directly holds 10,326 shares of Texas Roadhouse common stock. This figure reflects his position following the open-market sale of 1,000 shares disclosed in the Form 4 insider trading report.

What restricted stock units does Marshall Lloyd Paul hold in Texas Roadhouse (TXRH)?

Marshall Lloyd Paul holds restricted stock units representing 9,400 underlying shares of Texas Roadhouse common stock and an additional 2,700 underlying shares. Each restricted stock unit corresponds to a conditional right to receive one common share in the future.

When do Marshall Lloyd Paul’s Texas Roadhouse (TXRH) restricted stock units vest?

His restricted stock units vest in two tranches: units covering 9,400 underlying shares vest on January 8, 2027, and units covering 2,700 underlying shares vest on January 8, 2028. Share delivery in both cases depends on his continued service with the company.

How is the transaction type in Marshall Lloyd Paul’s Texas Roadhouse (TXRH) Form 4 described?

The Form 4 describes the transaction in common stock as an open-market sale coded “S,” indicating a sale in the open market or a private transaction. Two additional entries reflect holdings of restricted stock units rather than new purchases or option exercises.