Form 4: Cracker Barrel Director Cheryl Janet Henry Receives Annual RSU Award

Director Cheryl Janet Henry received 2,938 restricted stock units (RSUs) as part of her annual compensation from Cracker Barrel Old Country Store, Inc.

Summary

• Cheryl Janet Henry, a director at Cracker Barrel Old Country Store, Inc., received 2,938 restricted stock units (RSUs) on November 21, 2024.
• These RSUs were granted as part of her annual compensation under the company's 2020 Omnibus Incentive Compensation Plan.
• The RSUs will vest on November 21, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally positive for aligning director and shareholder interests. There are no negative implications.

Positives

• The award of RSUs aligns the director's interests with those of the shareholders.
• The vesting period encourages long-term commitment from the director.

Industry Context

This type of equity compensation is common practice for directors of publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Granting RSUs to directors is a standard practice among publicly listed companies, including those in the restaurant and retail sectors.
• Companies like Darden Restaurants (DRI) and McDonald's (MCD) also use equity-based compensation for their board members.
• The vesting period of one year is also typical for these types of awards.

Stakeholder Impact

• The RSU award has a minor positive impact on shareholders by aligning director interests with long-term company performance.

Key Dates

Keywords

RSU, Restricted Stock Units, Director Compensation, Cracker Barrel, Equity Award, Corporate Governance