Form 4: Texas Roadhouse Director Gregory N. Moore Sells 6,300 Shares

Director Gregory N. Moore sold 6,300 shares of Texas Roadhouse, Inc. (TXRH) common stock at an average price of $166.69 on May 9, 2024.

Summary

• On May 9, 2024, Gregory N. Moore, a director of Texas Roadhouse, Inc., sold 6,300 shares of common stock at a price of $166.69 per share.
• The sale was executed under Transaction Code 'S', indicating a sale on the open market.
• Following the transaction, Moore directly owns 2,700 Restricted Stock Units and indirectly owns 41,050 shares through the Moore Family Trust.
• The restricted stock units vest on January 8, 2025, and delivery of shares is contingent upon continued service with the company.
• Moore disclaims beneficial ownership of shares held by the Moore Family Trust in which he has no actual pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Investors often monitor these filings to gain insights into the perspectives of company insiders.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although it is a common occurrence.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.

Key Dates