Form 4: Cracker Barrel Executive Donna Roberts Receives Stock Options and Restricted Stock Units

Donna Roberts, SVP and Chief HR Officer of Cracker Barrel, reports the acquisition of stock options and restricted stock units (RSUs) as part of the company's long-term incentive plan.

Summary

• On September 26, 2024, Donna Roberts, SVP and Chief HR Officer at Cracker Barrel Old Country Store, Inc., acquired 2,542 shares of common stock through an annual Long-Term Incentive (LTI) plan award of time-based Restricted Stock Units (RSUs).
• These RSUs will vest ratably over three years, with equal installments on September 30, 2025, September 30, 2026, and September 30, 2027.
• Additionally, Roberts acquired 6,554 stock options as part of the same annual LTI plan, with an exercise price of $45.96 per share.
• These stock options also vest ratably over three years on the same dates as the RSUs.
• Following these transactions, Roberts directly owns 24,170 shares of Cracker Barrel common stock and 6,554 stock options.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation disclosure, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of RSUs and stock options aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Industry Context

Executive compensation packages including stock options and RSUs are common in the restaurant and retail industry to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Companies like Darden Restaurants (DRI) and Texas Roadhouse (TXRH) also utilize stock options and RSUs as part of their executive compensation packages.
• The vesting schedules and grant sizes are generally comparable to industry standards for similar executive roles.

Stakeholder Impact

• The granting of stock options and RSUs can positively impact shareholder value by aligning executive interests with company performance.
• Employees may view the executive compensation package as a sign of the company's commitment to its leadership.

Key Dates