Texas Roadhouse (TXRH) counsel logs RSU exercise, tax withholding and 10b5-1 sale
Rhea-AI Filing Summary
Texas Roadhouse, Inc. general counsel Sean G. Renfroe reported a set of routine equity compensation moves. On July 2, 2026, he exercised 1,218 restricted stock units into common shares, with 367 shares withheld to cover tax obligations and 426 shares sold in the open market at $192.53 per share under a pre-arranged Rule 10b5-1 stock purchase plan. Footnotes also indicate remaining restricted stock units covering 2,100 underlying shares that are scheduled to vest on January 8, 2027, contingent on continued service.
Positive
- None.
Negative
- None.
Insights
Routine equity award vesting with partial tax withholding and pre-planned sale.
General counsel Sean G. Renfroe exercised 1,218 restricted stock units into common stock, with part of the shares withheld for taxes and a portion sold. This pattern aligns with typical equity compensation events rather than discretionary buying or selling.
The filing shows 367 shares treated as a tax-withholding disposition and an open-market sale of 426 shares at $192.53 per share. A footnote states the sale was executed under a non-discretionary Rule 10b5-1 stock purchase plan dated March 11, 2026, which reduces the informational value of the trade’s timing.
Derivative data and footnotes note remaining restricted stock units linked to 2,100 underlying shares, scheduled to vest on January 8, 2027 subject to continued service. Overall, the activity appears as planned compensation management, with no clear signal that would materially alter an investment thesis.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,218 | $0.00 | -- |
| Exercise | Common Stock | 1,218 | $0.00 | -- |
| Tax Withholding | Common Stock | 367 | $191.48 | $70K |
| Sale | Common Stock | 426 | $192.53 | $82K |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units that are fully vested on the transaction date. These shares were disposed of pursuant to a written non-discretionary Rule 10b5-1 stock purchase plan dated March 11, 2026. Each restricted stock unit represents a conditional right to receive one share of the Company's common stock. The restricted stock units vested on July 2, 2026. Delivery of the shares to the reporting person occurred on July 2, 2026. 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.