Form 4: Cracker Barrel Director Gisel Ruiz Receives Annual RSU Award

Director Gisel Ruiz received 2,938 restricted stock units (RSUs) as part of an annual award under Cracker Barrel's 2020 Omnibus Incentive Compensation Plan.

Summary

• Gisel Ruiz, a director at Cracker Barrel Old Country Store, Inc., received 2,938 shares of common stock in the form of restricted stock units (RSUs).
• This award is part of the company's 2020 Omnibus Incentive Compensation Plan for independent directors.
• The RSUs were granted on November 21, 2024, and will vest on November 21, 2025.
• Following this transaction, Ms. Ruiz beneficially owns 7,823 shares of Cracker Barrel stock.

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

Future Outlook

The awarded RSUs will vest on November 21, 2025, subject to the terms of the 2020 Omnibus Incentive Compensation Plan.

Industry Context

This type of equity compensation is common 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 like Cracker Barrel.
• Companies such as Darden Restaurants (DRI) and Texas Roadhouse (TXRH) also use similar equity-based compensation plans for their board members.
• The vesting period of one year is also typical, ensuring directors remain engaged and focused on the company's long-term performance.

Stakeholder Impact

• The RSU award aligns the director's interests with those of shareholders, potentially leading to better decision-making.
• The vesting period encourages long-term commitment from the director, which can benefit the company and its stakeholders.

Key Dates

Keywords

RSU, Restricted Stock Units, Director Compensation, Stock Award, Beneficial Ownership, Cracker Barrel, CBRL, Gisel Ruiz