Form 4: Red Robin CEO David Pace Acquires 250,000 Shares in Restricted Stock Grant

Red Robin's CEO, David Pace, reports acquiring 250,000 shares of common stock through a restricted stock unit grant, while also holding 321,698 shares following the transaction.

Summary

• David Pace, the President and CEO of Red Robin Gourmet Burgers Inc., has reported a transaction involving the company's stock.
• On April 24, 2025, Pace acquired 250,000 shares of common stock through a grant of time-based restricted stock units under the issuer's 2024 Performance Incentive Plan.
• These restricted stock units represent the contingent right to receive one share of Red Robin's common stock upon vesting, which is scheduled for the first anniversary of the grant date.
• The price per share at the time of the grant was $0.
• Following this transaction, Pace beneficially owns a total of 321,698 shares, which includes 266,415 time-based restricted stock units subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The CEO receiving a stock grant suggests confidence in the company, but it's a standard compensation practice.

Positives

• The CEO's acquisition of shares, even through a grant, can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units are scheduled to vest on the first anniversary of the grant date, suggesting a commitment from the CEO for at least one year.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. A grant of restricted stock units is a common form of executive compensation.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders, as it aligns the CEO's interests with the company's performance.

Key Dates

Keywords

Red Robin, David Pace, CEO, restricted stock units, Form 4, beneficial ownership, RRGB, stock grant, insider trading