Form 4: Red Robin Director Regan Nicole Miller Reports Changes in Beneficial Ownership

Director Regan Nicole Miller reports acquisition of restricted stock units and adjustments to common stock holdings in Red Robin Gourmet Burgers Inc.

Summary

• On May 23, 2024, Regan Nicole Miller, a director of Red Robin Gourmet Burgers Inc., reported changes in beneficial ownership.
• Miller acquired 16,415 shares of common stock through a grant of restricted stock units under the company'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.
• Miller also reported a disposal of shares, resulting in a total of 23,738 shares beneficially owned following the reported transactions, which includes 16,415 shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a standard insider transaction disclosure, with no inherent positive or negative implications.

Positives

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

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.

Industry Context

This filing is a routine disclosure related to insider transactions, common in publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The transaction has a minor positive impact on stakeholders by aligning management's interests with shareholders through equity ownership.

Key Dates