Form 4: Red Robin CFO Sells Shares to Cover Tax Obligations

Joshua Todd Wilson, CFO of Red Robin Gourmet Burgers Inc., sold shares to cover tax obligations arising from vesting restricted stock units.

Summary

• On March 14, 2025, Joshua Todd Wilson, the CFO of Red Robin Gourmet Burgers Inc., sold 1,793 shares of common stock at a weighted average price of $4.46.
• The shares were sold to cover tax withholding obligations and fees related to the vesting of 14,239 time-based restricted stock units granted on March 13, 2024.
• These transactions were automatic 'sell-to-cover' transactions and do not represent discretionary trades by the CFO.
• Following this transaction, Wilson directly owns 110,985 shares of Red Robin common stock, including 59,361 time-based restricted stock units subject to vesting and forfeiture restrictions.
• On March 17, 2025, Wilson sold 1,714 shares of common stock at a weighted average price of $4.39, resulting in direct ownership of 109,271 shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions to cover tax obligations, with no indication of significant positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Executives often sell shares to cover tax obligations or for personal financial planning.

Stakeholder Impact

• The stock sales may have a minor dilutive effect on existing shareholders, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates