Form 4: Cracker Barrel Executive Acquires Shares and Stock Options Under LTI Plan

Sarah O. Moore, SVP & Chief Marketing Officer of Cracker Barrel, reports acquisition of shares and stock options as part of the company's Long-Term Incentive (LTI) plan.

Summary

• On September 26, 2024, Sarah O. Moore, SVP & Chief Marketing Officer of Cracker Barrel Old Country Store, Inc., acquired 1,631 shares of common stock and 4,206 stock options.
• The shares were awarded as part of an annual Long-Term Incentive (LTI) plan.
• The 1,631 shares are Restricted Stock Units (RSUs) that will vest ratably over three years, on September 30, 2025, September 30, 2026, and September 30, 2027.
• The 4,206 stock options have an exercise price of $45.96 and will vest ratably over three years, on September 30, 2025, September 30, 2026, and September 30, 2027.
• The stock options expire on September 26, 2034.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral-positive signal.

Positives

• The acquisition of shares and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule of the LTI plan encourages long-term commitment from the executive.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is common among publicly traded companies. It provides transparency into the equity holdings of company insiders.

Comparison to Industry Standards

• LTI plans are a common practice among publicly traded companies to incentivize executives.
• Vesting schedules of three years are typical for both stock options and restricted stock units.
• Comparable companies such as Darden Restaurants (DRI) and Texas Roadhouse (TXRH) also utilize LTI plans with similar vesting schedules for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive interests with company performance.
• Employees may view the LTI plan as a positive aspect of the company's compensation structure.

Key Dates