Form 4: Red Robin Executive Kevin E. Mayer Reports Acquisition of Restricted Stock Units

Kevin E. Mayer, Chief Marketing Officer of Red Robin Gourmet Burgers Inc., reports the acquisition of 17,835 restricted stock units and disposal of 0 shares on March 13, 2024.

Summary

• On March 13, 2024, Kevin E. Mayer, the Chief Marketing Officer of Red Robin Gourmet Burgers Inc., reported a transaction involving the company's stock.
• Mayer acquired 17,835 shares of common stock through a grant of time-based restricted stock units under the issuer's 2017 Performance Incentive Plan, as amended, at a price of $0.
• These restricted stock units represent the contingent right to receive one share of Red Robin's common stock upon vesting.
• One-third of the units are scheduled to vest on each of the first, second, and third anniversaries of the grant date.
• Following the reported transaction, Mayer beneficially owns 32,294 time-based restricted stock units 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 management with shareholder interests.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The restricted stock units will vest over the next three years, incentivizing the executive to contribute to the company's long-term success.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies to align management's interests with shareholders.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively as it incentivizes management to improve company performance.
• Employees may see this as a positive sign of investment in leadership.

Key Dates