Form 4: Red Robin Chief People Officer Sells Shares to Cover Tax Obligations

Red Robin's Chief People Officer, Meghan Spuler, sold 402 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Meghan Spuler, Chief People Officer at Red Robin Gourmet Burgers Inc., sold 402 shares of common stock on December 18, 2024.
• The sale was executed at a price of $4.82 per share.
• This transaction was to cover tax withholding obligations related to the vesting of 1,654 restricted stock units granted on December 18, 2023.
• Following the transaction, Spuler beneficially owns 20,295 shares, including 19,043 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no significant positive or negative implications.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• The sale of shares to cover tax obligations upon vesting of restricted stock units is a standard practice across publicly listed companies.
• Many companies use restricted stock units as part of their compensation packages, and the tax implications often lead to similar transactions by executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Red Robin, RRGB, insider trading, stock sale, restricted stock units, tax withholding, Meghan Spuler, Chief People Officer