Form 4: Cracker Barrel Director Jody L. Bilney Receives Annual RSU Award

Director Jody L. Bilney received 2,938 shares of Cracker Barrel stock as part of an annual award of time-based Restricted Stock Units (RSUs).

Summary

• Jody L. Bilney, a director at Cracker Barrel Old Country Store, Inc., received 2,938 shares of common stock on November 21, 2024.
• These shares were awarded as part of an annual grant of time-based Restricted Stock Units (RSUs) 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 transaction of an RSU award to a director, which is a normal part of corporate governance and compensation. It is neither particularly positive nor negative.

Positives

• The award of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting period of one year encourages continued service and commitment from the director.

Industry Context

This type of equity award is a common practice for compensating board members and aligning their interests with shareholders in the restaurant and retail industry.

Comparison to Industry Standards

• Many publicly traded companies, including those in the restaurant and retail sectors, use restricted stock units as part of their compensation packages for directors.
• The vesting period of one year is a typical timeframe for such awards, aligning with standard corporate governance practices.
• Companies like Darden Restaurants (DRI) and McDonald's (MCD) also utilize similar equity-based compensation for their board members.

Stakeholder Impact

• The RSU award aligns the director's interests with shareholders by linking compensation to the company's performance.
• The award does not have a direct impact on employees, customers, or suppliers.

Key Dates

Keywords

Cracker Barrel, Director, RSU, Restricted Stock Units, Stock Award, Incentive Compensation, Equity, Shareholder