Form 4: Red Robin Director Anthony S. Ackil Reports Stock Grant and Holdings

Director Anthony S. Ackil reports acquisition of restricted stock units and holdings in Red Robin Gourmet Burgers Inc.

Summary

• On May 23, 2024, Anthony S. Ackil, a director of Red Robin Gourmet Burgers Inc., reported a transaction involving the company's common stock.
• Ackil acquired 16,415 shares of common stock through a grant of restricted stock units under the issuer's 2024 Performance Incentive Plan.
• These restricted stock units represent the contingent right to receive one share of Red Robin's common stock upon vesting.
• The units are scheduled to vest on the later of fifty weeks following the grant date and the company's next annual meeting of stockholders.
• Following the reported transaction, Ackil beneficially owns 47,513 shares of Red Robin common stock, which includes 16,415 time-based restricted stock units subject to vesting and forfeiture restrictions.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports a transaction.

Positives

• The grant of restricted stock units aligns the director's interests with the company's performance and shareholder value.

Future Outlook

The restricted stock units are subject to vesting, indicating a future incentive for the director based on company performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of restricted stock units could positively impact shareholders by aligning management's interests with company performance.

Key Dates