Form 4: Red Robin CFO Joshua Todd Wilson Reports Tax Withholding on Vesting Restricted Stock Units
SEC Form 4 Filing
Chief Financial Officer of Red Robin Gourmet Burgers, Joshua Todd Wilson, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 20, 2024, Joshua Todd Wilson, CFO of Red Robin Gourmet Burgers Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 2,878 shares to satisfy tax obligations related to the vesting of 7,878 time-based restricted stock units.
- These restricted stock units were granted on March 20, 2023, under the company's 2017 Performance Incentive Plan, as amended.
- Following the transaction, Wilson directly owns 113,732 shares of Red Robin Gourmet Burgers Inc., which includes 88,732 time-based restricted stock units subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations upon the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/20/2023 | Date of grant for 7,878 time-based restricted stock units under the issuer's 2017 Performance Incentive Plan, as amended. |
| 03/20/2024 | Date of transaction: withholding of 2,878 shares for tax obligations related to vesting of restricted stock units. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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