Form 4: Red Robin Director Thomas Conforti Reports Acquisition of Restricted Stock Units

Director Thomas G. Conforti reports acquisition of restricted stock units and disposition of common stock.

Summary

• On May 23, 2024, Thomas G. Conforti, a director of Red Robin Gourmet Burgers Inc., reported a transaction involving the company's stock.
• Conforti acquired 16,415 restricted stock units (RSUs) under the issuer's 2024 Performance Incentive Plan.
• Each RSU represents the contingent right to receive one share of Red Robin's common stock upon vesting.
• The RSUs are scheduled to vest on the later of fifty weeks following the grant date or the company's next annual meeting of stockholders.
• Conforti also reported the disposition of 16,415 shares of common stock.
• Following the reported transactions, Conforti directly owns 49,006 shares and indirectly owns 27,500 shares through the Thomas G. Conforti Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units are scheduled to vest on the later of (x) fifty weeks following the date of grant and (y) the Company's next annual meeting of stockholders.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's holdings.
• The vesting of restricted stock units aligns director's interests with long-term company performance.

Key Dates