Form 4: Director Anthony Ackil Receives RRGB Stock Grant

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

Summary

• Director Anthony S. Ackil 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 135,464 shares.
• The units are scheduled to vest on the later of fifty weeks from the grant date or the next annual meeting of stockholders.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral for the stock price.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• The grant reflects standard corporate governance practices for director retention.

Negatives

• The issuance of new restricted stock units results in minor dilution to existing shareholders.

Risks

• Vesting is subject to continued service and potential forfeiture conditions.

Future Outlook

The units are expected to vest in approximately 50 weeks or upon the next annual meeting of stockholders, whichever is later.

Management Comments

• The grant represents a contingent right to receive one share of common stock upon vesting.

Industry Context

StockSavvy.ai notes that director equity grants are standard practice in the restaurant industry to ensure long-term alignment between board members and company performance.

Comparison to Industry Standards

• The use of time-based vesting for director compensation is consistent with standard corporate governance practices among mid-cap restaurant chains.
• The grant size is typical for non-executive director compensation packages in the casual dining sector.

Corporate Governance

Stakeholder Impact

• Shareholders experience minor dilution from the issuance of new equity units.

Next Steps

• Vesting of the 31,662 restricted stock units in approximately 50 weeks or at the next annual meeting.

Key Dates

Keywords

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