Form 4: Red Robin CFO Joshua Todd Wilson Reports Share Sales and Stock Unit Grant

Chief Financial Officer of Red Robin Gourmet Burgers, Joshua Todd Wilson, reports selling shares to cover tax obligations and receiving a grant of restricted stock units.

Summary

• Joshua Todd Wilson, CFO of Red Robin Gourmet Burgers, filed a Form 4 detailing changes in beneficial ownership.
• On March 21, 2025, Wilson sold 1,125 shares of common stock at a weighted average price of $4.16 to cover tax obligations from vesting restricted stock units.
• On March 24, 2025, Wilson sold 932 shares of common stock at a weighted average price of $4.16 for the same reason.
• Also on March 24, 2025, Wilson received a grant of 94,288 time-based restricted stock units under the issuer's 2024 Performance Incentive Plan.
• Following these transactions, Wilson directly owns 201,502 shares of common stock, including 145,772 time-based restricted stock units subject to vesting and forfeiture restrictions.

Sentiment

Score: 6

Explanation: The document is neutral. It reports routine transactions related to executive compensation and tax obligations. There are no explicit positive or negative implications for the company's performance.

Positives

• The grant of 94,288 restricted stock units to the CFO aligns his interests with the long-term performance of the company.
• The vesting schedule of the restricted stock units encourages continued service and commitment from the CFO.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the granted restricted stock units, which vest annually over three years.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates the CFO's ongoing equity stake in Red Robin and the company's use of equity-based compensation.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies, including restaurant chains like McDonald's (MCD), Wendy's (WEN), and Restaurant Brands International (QSR).
• The vesting schedules and types of equity grants (restricted stock units) are generally consistent with industry norms for executive compensation.
• Sell-to-cover transactions to meet tax obligations are standard practice when restricted stock units vest.

Stakeholder Impact

• Shareholders are informed about the CFO's transactions in the company's stock, providing transparency.
• Employees may be interested in the equity compensation practices of the company's executives.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, stock sale, RRGB, Red Robin, Wilson, CFO