Form 4: Red Robin Executive Meghan Spuler Reports Stock Grant and Holdings

Meghan Spuler, Chief People Officer of Red Robin Gourmet Burgers Inc., reported the acquisition of 15,737 shares of common stock through a grant of restricted stock units.

Summary

• On March 13, 2024, Meghan Spuler, Chief People Officer of Red Robin Gourmet Burgers Inc., reported a transaction involving the company's common stock.
• Spuler acquired 15,737 shares through a grant of time-based restricted stock units under the company's 2017 Performance Incentive Plan, as amended.
• 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, Spuler beneficially owns 20,697 shares, which includes time-based restricted stock units subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

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.

Industry Context

Stock grants are a common form of executive compensation in the restaurant industry, aligning management's interests with shareholder value.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment by aligning executive and shareholder interests.

Key Dates