Form 4: Cracker Barrel Director Michael Goodwin Receives Annual RSU Award

Director Michael Goodwin of Cracker Barrel Old Country Store, Inc. received an annual award of 2,938 time-based Restricted Stock Units (RSUs).

Summary

• Michael Goodwin, a director at Cracker Barrel Old Country Store, Inc., was granted 2,938 Restricted Stock Units (RSUs) as part of his annual compensation.
• These RSUs were awarded 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 interests with shareholders. There are no negative implications.

Positives

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

Industry Context

The granting of stock-based compensation to directors is a common practice in publicly traded companies to align their interests with those of shareholders.

Comparison to Industry Standards

• Many publicly traded companies use RSUs as part of their director compensation packages.
• The vesting period of one year is a common practice to ensure long-term commitment from directors.
• Companies like Darden Restaurants (DRI) and Texas Roadhouse (TXRH) also use similar equity-based compensation for their board members.

Stakeholder Impact

• The RSU award aligns the director's interests with those of shareholders, potentially leading to better decision-making.
• The vesting period encourages the director's continued service, which benefits the company and its stakeholders.

Key Dates

Keywords

RSU, Restricted Stock Units, Director Compensation, Equity Award, Cracker Barrel, Michael Goodwin, Omnibus Incentive Compensation Plan