Form 4: Cracker Barrel Director Receives RSU Award

Cracker Barrel Old Country Store, Inc. Director Cheryl Janet Henry was awarded 5,390 time-based Restricted Stock Units as part of her annual compensation.

Summary

• Cheryl Janet Henry, a Director of Cracker Barrel Old Country Store, Inc. (CBRL), received an award of 5,390 shares of Common Stock.
• The transaction date for this award was November 20, 2025.
• The shares were acquired at a price of $0.00, indicating an equity award rather than a purchase.
• This award represents annual time-based Restricted Stock Units (RSUs) granted to independent directors under the Company's 2020 Omnibus Incentive Compensation Plan.
• The awarded RSUs are scheduled to cliff vest on November 20, 2026.
• Following this transaction, Cheryl Janet Henry beneficially owns a total of 9,816 shares of Common Stock.

Sentiment

Score: 6

Explanation: The filing reports a routine equity award to a director, which is a positive for aligning interests but not a significant market-moving event. It reflects standard corporate governance practices.

Positives

• The award of Restricted Stock Units (RSUs) to a director aligns their financial interests with those of the company's shareholders, promoting long-term value creation.
• This is a standard practice in corporate governance for compensating independent directors, ensuring their commitment to the company's performance.

Future Outlook

The awarded Restricted Stock Units are scheduled to cliff vest on November 20, 2026, indicating a future date for the full realization of this equity compensation.

Industry Context

Equity awards like Restricted Stock Units are a common component of director compensation in publicly traded companies, designed to align the interests of directors with those of shareholders by tying a portion of their compensation to the company's long-term performance. This practice is prevalent across various sectors, including the restaurant and retail industries where Cracker Barrel operates.

Comparison to Industry Standards

• The practice of granting time-based Restricted Stock Units (RSUs) to independent directors is a standard compensation mechanism across many industries, including the restaurant and retail sectors. This approach is widely adopted by companies comparable to Cracker Barrel Old Country Store, Inc. to attract and retain qualified board members while fostering long-term shareholder alignment.
• Specific comparable companies often employ similar equity compensation plans for their non-employee directors, with award values typically scaled based on company size, market capitalization, and industry benchmarks for director compensation.

Stakeholder Impact

• Shareholders: The equity award aligns the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Next Steps

• The awarded RSUs will cliff vest on November 20, 2026, at which point the director will fully own the shares.

Key Dates

Keywords

Cracker Barrel, CBRL, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Award