Form 4: Red Robin Director David Pace Reports Acquisition of Restricted Stock Units

Director David Pace reports acquisition of 16,415 restricted stock units in Red Robin Gourmet Burgers Inc.

Summary

• On May 23, 2024, David Pace, a director of Red Robin Gourmet Burgers Inc., reported the acquisition of 16,415 shares of common stock.
• These shares were acquired through a grant of restricted stock units under the issuer's 2024 Performance Incentive Plan.
• Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock upon vesting.
• The units are scheduled to vest on the later of fifty weeks following the date of grant and the Company's next annual meeting of stockholders.
• Following the transaction, Pace beneficially owns 71,698 shares, including 16,415 shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The grant of restricted stock units aligns the director's interests with the company's performance.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The vesting of the restricted stock units is contingent upon future events, specifically the passage of time and the company's next annual meeting of stockholders.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates