Form 4: Red Robin CFO Joshua Todd Wilson Reports Acquisition of Restricted Stock Units

Chief Financial Officer of Red Robin Gourmet Burgers, Joshua Todd Wilson, reports the acquisition of 42,715 restricted stock units.

Summary

• On March 13, 2024, Joshua Todd Wilson, CFO of Red Robin Gourmet Burgers Inc., reported acquiring 42,715 shares of common stock in the form of restricted stock units.
• These units were granted under the company's 2017 Performance Incentive Plan, as amended.
• One-third of the units are scheduled to vest annually over the next three years.
• Following the transaction, Wilson beneficially owns 116,610 shares, including 96,610 time-based restricted stock units subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The grant of restricted stock units aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CFO.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a standard practice for executive compensation.

Key Dates