MUHTAR JONATHAN A. 4
4 · RED ROBIN GOURMET BURGERS INC · Filed Feb 10, 2021
Insider Transaction Report
Form 4
MUHTAR JONATHAN A.
Chief Marketing Officer
Transactions
- Tax Payment
Common Stock
2021-02-09$29.05/sh−250$7,263→ 29,197 total
Footnotes (2)
- [F1]On March 15, 2018, the reporting person received a grant of performance share units (PSUs) representing 3,885 shares of the issuer's common stock (at target) under the issuer's 2017 Performance Incentive Plan, as amended. The PSUs cliff vest at the end of a three year performance cycle. On February 9, 2021, the compensation committee determined final achievement, resulting in a total of 734 shares being earned in 2018 and 2019 by the reporting person, as previously reported. In connection with the vesting of 734 performance stock units, the reporting person sold 250 of such shares to the issuer to satisfy tax withholding obligations. The sale was approved by the issuer's Compensation Committee in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), and as such, the sale is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
- [F2]Includes 19,936 shares subject to vesting forfeiture restrictions.