Form 4: Good Times Restaurants Inc. Executive Awarded Restricted Stock Units

Keri August, Senior VP of Finance and Accounting at Good Times Restaurants Inc., was granted 10,000 restricted stock units, vesting in 2027, and also reports indirect ownership of 1,445 shares.

Summary

• Keri August, the Senior VP of Finance and Accounting at Good Times Restaurants Inc., reported changes in beneficial ownership of securities.
• Ms. August was granted 10,000 restricted stock units on December 2, 2024, which will vest on December 2, 2027.
• She also holds 10,000 restricted stock units granted on January 2, 2024, which will vest on January 2, 2027.
• Additionally, Ms. August has indirect ownership of 1,445 common stock shares held in her spouse's 401k, where she is the beneficiary.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management interests with shareholders. There are no indications of negative news or concerns.

Positives

• The grant of restricted stock units aligns Ms. August's interests with the long-term performance of the company.
• The vesting schedule of the restricted stock units encourages continued service and contribution to the company.

Risks

• The value of the restricted stock units is subject to the market price of Good Times Restaurants Inc. stock, which can fluctuate.
• The vesting of the restricted stock units is contingent on Ms. August's continued employment with the company.

Future Outlook

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

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when reporting changes in beneficial ownership by company insiders. It is typical for companies to use restricted stock units as part of executive compensation packages.

Comparison to Industry Standards

• The use of restricted stock units as part of executive compensation is a common practice across the restaurant industry and other sectors.
• Vesting periods of three years are also typical for these types of grants, aligning with long-term performance goals.
• Companies like McDonald's, Starbucks, and Chipotle also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The grant of restricted stock units may be viewed positively by shareholders as it aligns management's interests with the company's long-term success.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Restricted Stock Units, Beneficial Ownership, Stock Options, Equity Compensation, Good Times Restaurants Inc., GTIM, SEC Form 4