Form 4: Director Anddria Varnado Receives RRGB Stock Grant

Red Robin Gourmet Burgers director Anddria Varnado was granted 31,662 restricted stock units as part of the company's 2024 Performance Incentive Plan.

Summary

• Director Anddria Varnado acquired 31,662 restricted stock units (RSUs) on May 14, 2026.
• The grant was issued under the Red Robin Gourmet Burgers, Inc. 2024 Performance Incentive Plan.
• Each RSU represents a contingent right to receive one share of common stock upon vesting.
• Following this transaction, the director's total beneficial ownership is 112,024 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard director compensation practices.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified; this is a standard equity grant for a board member.

Risks

• Vesting is subject to time-based conditions and potential forfeiture if requirements are not met.

Future Outlook

The RSUs are scheduled to vest on the later of fifty weeks following the grant date or the company's next annual meeting of stockholders.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practices intended to incentivize long-term oversight and alignment with shareholder value in the casual dining sector.

Comparison to Industry Standards

• The use of time-based restricted stock units for director compensation is consistent with standard practices among publicly traded restaurant chains.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity incentive grant.

Next Steps

• Vesting of the 31,662 restricted stock units upon the occurrence of the specified time-based milestones.

Key Dates

Keywords

Red Robin, RRGB, Form 4, Insider Trading, Equity Compensation, Director Ownership