Pappas James C 4
4 · RED ROBIN GOURMET BURGERS INC · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Red Robin (RRGB) James C. Pappas Receives Award
What Happened
- James C. Pappas, reported as a 10% owner of Red Robin Gourmet Burgers, received a grant of 31,662 restricted stock units (RSUs) on 2026-05-14. The filing shows an acquisition price of $0.00 (award/grant), so no cash was paid. Each RSU represents the contingent right to receive one share of common stock upon vesting. The units are subject to vesting and forfeiture and are scheduled to vest on the later of (a) fifty weeks after the grant date and (b) the Company's next annual meeting of stockholders.
Key Details
- Transaction date: 2026-05-14; Form 4 filed 2026-05-15 (timely).
- Transaction type/code: Award/Grant (A).
- Amount: 31,662 RSUs @ $0.00 reported.
- Vesting: Time-based; vests on later of ~50 weeks post-grant and next annual meeting.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes: F2 confirms these are time-based RSUs subject to forfeiture. F3–F5 explain beneficial ownership structure—Pappas disclaims beneficial ownership except to the extent of his pecuniary interest and may be deemed to beneficially own shares held by JCP-managed accounts and partnerships.
Context
- RSUs are a grant, not an open-market purchase or sale; they convert into shares only if and when they vest, so there's no immediate change in tradable shares. As a 10% owner, this report reflects a company grant to an owner/manager-linked party rather than a standard insider buy or sell. The filing is timely and factual; it does not by itself indicate the insider’s view of the stock.
Insider Transaction Report
Form 4
Pappas James C
Director10% Owner
Transactions
- Award
Common Stock
[F1][F2]2026-05-14+31,662→ 83,608 total
Holdings
- 1,084,104(indirect: By LLC)
Common Stock
[F3][F4] - 776,564(indirect: By Partnership)
Common Stock
[F3][F5]
Footnotes (5)
- [F1]Represents a grant of restricted stock units under the issuer's 2024 Performance Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock. The units are scheduled to vest on the later of (x) fifty weeks following the date of grant and (y) the Company's next annual meeting of stockholders.
- [F2]Includes 31,662 time-based restricted stock units subject to vesting and forfeiture restrictions.
- [F3]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
- [F4]Represents shares of Common Stock held in certain accounts (the "JCP Accounts") managed by JCP Investment Management, LLC ("JCP Management"). JCP Management, as the investment manager of JCP Accounts, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts. Mr. Pappas, as the managing member of JCP Management, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts.
- [F5]Represents shares of Common Stock owned directly by JCP Investment Partnership, LP ("JCP Partnership"). JCP Investment Partners, LP ("JCP Partners"), as the general partner of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Investment Holdings, LLC ("JCP Holdings"), as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Management, as the investment manager of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership.
Signature
/s/ Carrie Etherton, Attorney-in-Fact|2026-05-15