Form 4: FAT Brands Co-CEO and CFO Robert Rosen Amends Stock Options

Robert Rosen, Co-CEO and CFO of FAT Brands, Inc., amended stock options on March 18, 2025, involving adjustments to exercise prices.

Summary

• Robert Rosen, the Co-CEO and CFO of FAT Brands, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 18, 2025, Rosen amended two sets of stock options.
• The first amendment involved an option with an original exercise price of $5.37, which was adjusted.
• This resulted in the deemed cancellation of the old option and the grant of a replacement option for 400,000 shares of Class A Common Stock.
• The second amendment involved an option with an original exercise price of $11.43, which was also adjusted.
• This resulted in the deemed cancellation of the old option and the grant of a replacement option for 100,000 shares of Class A Common Stock.
• The attorney-in-fact, Allen Sussman, signed the form on March 24, 2025.

Sentiment

Score: 5

Explanation: The document is a routine filing related to executive compensation. It doesn't contain information that would be considered significantly positive or negative.

Industry Context

Stock option grants and amendments are common practices in publicly traded companies to incentivize and retain key executives. The specific details of these grants, such as vesting schedules and exercise prices, are tailored to the individual and the company's compensation strategy.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in the restaurant and hospitality industry, similar to companies like McDonald's, Restaurant Brands International (QSR), and Domino's Pizza (DPZ).
• The vesting schedules and exercise prices are typically benchmarked against industry peers to ensure competitiveness.
• Amendments to existing stock options, such as the price reduction observed here, can occur due to various factors, including stock price performance and changes in market conditions.

Stakeholder Impact

• The amendment of stock options could have a minor impact on shareholders by potentially diluting equity if the options are exercised in the future.
• The changes are primarily intended to incentivize the Co-CEO and CFO, which could indirectly benefit stakeholders if it leads to improved company performance.

Key Dates

Keywords

FAT Brands, Robert Rosen, Stock Options, Form 4, Amendment, Beneficial Ownership, Co-CEO, CFO