Form 4: Texas Roadhouse Director Donna Epps Acquires Shares Through Vesting of Restricted Stock Units

Texas Roadhouse director Donna Epps acquired 1,900 shares through the vesting of restricted stock units and was granted an additional 1,200 restricted stock units.

Summary

• On January 8, 2025, Texas Roadhouse director Donna Epps acquired 1,900 shares of common stock through the vesting of restricted stock units.
• These restricted stock units were fully vested on the transaction date, and the shares were delivered to Ms. Epps on the same day.
• Additionally, Ms. Epps was granted 1,200 restricted stock units on January 8, 2025, under the company's 2021 Long Term Incentive Plan.
• These newly granted restricted stock units will vest on January 8, 2026, with share delivery contingent on Ms. Epps' continued service with the company.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed positively as it aligns management's interests with shareholders. There are no indications of any negative issues.

Positives

• The vesting of restricted stock units indicates that performance targets were met, which is a positive sign for the company.
• The grant of additional restricted stock units aligns the director's interests with the long-term success of the company.

Future Outlook

The newly granted restricted stock units will vest on January 8, 2026, subject to the director's continued service with the company.

Industry Context

This is a standard practice for compensating directors and aligning their interests with shareholders in the restaurant industry.

Comparison to Industry Standards

• Many publicly traded companies, including restaurant chains like Darden Restaurants (DRI) and Brinker International (EAT), use restricted stock units as part of their executive compensation packages.
• The vesting schedules and terms of these grants are generally similar across the industry, with vesting often tied to continued service and sometimes performance metrics.
• The number of shares granted and the vesting period are typical for a director-level grant.

Stakeholder Impact

• The vesting of restricted stock units and the grant of new units are generally positive for shareholders as it aligns the director's interests with the long-term success of the company.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Next Steps

• The newly granted restricted stock units will vest on January 8, 2026, subject to the director's continued service with the company.

Key Dates

Keywords

Texas Roadhouse, TXRH, restricted stock units, stock acquisition, insider trading, director, equity compensation, vesting