STOCK TITAN

Texas Roadhouse CGO sells $102K in shares

Texas Roadhouse, Inc. (TXRH) reported that Chief Growth Officer Marshall Lloyd Paul sold 500 shares of common stock on 2026-08-26 at $204.65 per share, leaving him with 9,826 common shares held directly.

(Moderate)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Texas Roadhouse, Inc. (TXRH) reported that Chief Growth Officer Marshall Lloyd Paul sold 500 shares of common stock on 2026-08-26 at $204.65 per share, leaving him with 9,826 common shares held directly. He also holds 2,700 restricted stock units and 9,400 restricted stock units, each representing a right to one common share. These RSUs are scheduled to vest on January 8, 2027 and January 8, 2028, respectively, subject to his continued service with the company.

Positive

  • None.

Negative

  • None.
Insider Marshall Lloyd Paul
Role CHIEF GROWTH OFFICER
Sold 500 shs ($102K)
Type Security Shares Price Value
Sale Common Stock 500 $204.65 $102K
holding Restricted Stock Units F1, F2 -- -- --
holding Restricted Stock Units F1, F3 -- -- --
Holdings After Transaction: Common Stock — 9,826 shares (Direct); Restricted Stock Units — 12,100 contracts (Direct)
Footnotes (3)
  1. F1. Each restricted stock unit represents a conditional right to receive one share of the Company's common stock.
  2. F2. 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. F3. 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 500 shares of Common Stock Sale on 2026-08-26 by Chief Growth Officer Marshall Lloyd Paul
Sale price per share $204.65 per share Price for the 500-share sale of TXRH common stock
Transaction value $102,325 500 shares sold at $204.65 per share
Common shares held after transaction 9,826 shares Direct ownership of TXRH common stock following the sale
RSUs underlying shares vesting 2027 2,700 underlying shares Restricted stock units vesting on January 8, 2027
RSUs underlying shares vesting 2028 9,400 underlying shares Restricted stock units vesting on January 8, 2028
Restricted Stock Units financial
"Each restricted stock unit represents a conditional right to receive one share"
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.
conditional right financial
"represents a conditional right to receive one share of the Company's"
vesting financial
"The restricted stock units vest on January 8, 2027."
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.

FAQ

What insider transaction did TXRH executive Marshall Lloyd Paul report?

Marshall Lloyd Paul reported a sale of 500 shares of Texas Roadhouse, Inc. common stock on 2026-08-26 at $204.65 per share, in an open-market or private transaction, as indicated by transaction code S.

How many TXRH shares does Marshall Lloyd Paul hold after this transaction?

After the reported sale, Marshall Lloyd Paul directly holds 9,826 shares of Texas Roadhouse, Inc. common stock, according to the Form 4 data.

When do Marshall Lloyd Paul’s TXRH restricted stock units vest?

The 2,700 RSUs vest on January 8, 2027, and the 9,400 RSUs vest on January 8, 2028. In each case, delivery of shares will occur on the vesting date, subject to his continued service with the company.

Was Marshall Lloyd Paul’s TXRH stock sale under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), so the reported sale of 500 TXRH shares is not affirmed as made pursuant to a Rule 10b5-1 trading plan in this report.

What was the approximate value of Marshall Lloyd Paul’s TXRH stock sale?

The reported sale of 500 shares at $204.65 per share represents an aggregate transaction value of about $102,325, based on the shares and price disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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)
08/26/2026
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 Stock08/26/2026S500D$204.659,826D
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 Attorney08/27/2026
** 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)