Texas Roadhouse CEO sells 15,000 shares at $202
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Texas Roadhouse, Inc. (TXRH) director and officer Gerald L. Morgan reported selling 15,000 shares of common stock on August 21, 2026 at a weighted average price of $202.17 per share, in open-market transactions made under a written, non-discretionary Rule 10b5-1 stock purchase plan dated May 22, 2026. After these sales, Morgan directly holds 80,970 shares of common stock. He also holds restricted stock units representing 12,200 underlying shares scheduled to vest on January 8, 2027 and 60,800 underlying shares scheduled to vest on January 8, 2031, each unit being a conditional right to receive one share of common stock.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 15,000 shares
Net Sell
3 txns
Insider
Morgan Gerald L.
Role
CEO, EXECUTIVE VICE CHAIRMAN
Sold
15,000 shs ($3.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 15,000 | $202.17 | $3.03M |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Restricted Stock Units F3, F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 80,970 shares (Direct);
Restricted Stock Units — 73,000 contracts (Direct)
Footnotes (5)
- F1. These shares were disposed of pursuant to a written non-discretionary Rule 10b5-1 stock purchase plan dated May 22, 2026.
- F2. Weighted average sale price reported. The shares were sold within the range of $199.63 and $204.47. The reporting person will provide full information regarding the specific number of shares sold at each separate price upon request by the Commission Staff, the Company, or any security holder of the Company.
- F3. Each restricted stock unit represents a conditional right to receive one share of the Company's common stock.
- F4. 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.
- F5. The restricted stock units vest on January 8, 2031. Delivery of the shares to the reporting person will occur on January 8, 2031, subject to the reporting person's continued service with the Company.
Key Figures
Shares sold: 15,000 shares of Common Stock
Weighted average sale price: $202.17 per share
Sale price range: $199.63 to $204.47 per share
+4 more
7 metrics
Shares sold
15,000 shares of Common Stock
Open-market sale on August 21, 2026
Weighted average sale price
$202.17 per share
Sale of 15,000 shares on August 21, 2026
Sale price range
$199.63 to $204.47 per share
Price range for the reported sales on August 21, 2026
Shares owned after sale
80,970 shares of Common Stock
Direct holdings of Gerald L. Morgan following the transaction
RSUs underlying shares (2027 vesting)
12,200 underlying shares
Restricted stock units vesting on January 8, 2027
RSUs underlying shares (2031 vesting)
60,800 underlying shares
Restricted stock units vesting on January 8, 2031
Rule 10b5-1 plan date
May 22, 2026
Date of written non-discretionary Rule 10b5-1 stock purchase plan
Key Terms
Rule 10b5-1, Restricted Stock Units, weighted average sale price, conditional right
4 terms
Rule 10b5-1 regulatory
"These shares were disposed of pursuant to a written non-discretionary Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
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.
weighted average sale price financial
"Weighted average sale price reported. The shares were sold within the range"
conditional right financial
"Each restricted stock unit represents a conditional right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TXRH CEO Gerald L. Morgan report?
Gerald L. Morgan reported a sale of 15,000 shares of Texas Roadhouse, Inc. common stock on August 21, 2026, at a weighted average price of $202.17 per share, executed as open-market transactions under a written, non-discretionary Rule 10b5-1 trading plan.
Were Gerald L. Morgan’s TXRH stock sales under a Rule 10b5-1 plan?
Yes. The 15,000-share disposition was made under a written non-discretionary Rule 10b5-1 stock purchase plan dated May 22, 2026. The filing also checks the Rule 10b5-1 affirmation box, indicating the trades were effected pursuant to that pre-established plan.
What TXRH restricted stock units does Gerald L. Morgan hold and when do they vest?
Gerald L. Morgan holds restricted stock units tied to 12,200 underlying shares vesting on January 8, 2027 and 60,800 underlying shares vesting on January 8, 2031. Each restricted stock unit represents a conditional right to receive one share of Texas Roadhouse common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
