Form 4: Red Robin's Chief Legal Officer, Sarah A. Mussetter, Reports Changes in Beneficial Ownership

Sarah A. Mussetter, Chief Legal Officer of Red Robin Gourmet Burgers Inc., reports the acquisition of 26,438 shares of common stock and a resulting total ownership of 64,345 shares.

Summary

• On March 13, 2024, Sarah A. Mussetter, the Chief Legal Officer of Red Robin Gourmet Burgers Inc., reported changes in her beneficial ownership of the company's stock.
• She acquired 26,438 shares of common stock through a grant of time-based restricted stock units under the company's 2017 Performance Incentive Plan, as amended.
• The restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date.
• Following the reported transaction, Mussetter beneficially owns 64,345 shares of Red Robin common stock, including 59,077 time-based restricted stock units subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Positives

• The grant of restricted stock units aligns the Chief Legal Officer's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's confidence in the company's prospects.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with theirs.
• Employees may view the grant of stock units as a positive sign of the company's commitment to its leadership.

Key Dates