Red Robin (RRGB) Director Michael Kappitt Receives Award

What Happened
Michael Kappitt, a director of Red Robin Gourmet Burgers, was granted 13,295 restricted stock units (RSUs) on August 5, 2026. The grant is reported as an award (Form 4 transaction code A) with a reported acquisition price of $0.00 (total reported cash consideration $0). Each RSU represents the contingent right to receive one share of common stock upon vesting. This is a compensation award (not a purchase or sale).

Key Details

• Transaction date: 2026-08-05. Form 4 filed: 2026-08-07 (timely filing).
• Transaction type/code: Award/Grant (A).
• Amount: 13,295 RSUs; reported price per unit $0.00; reported cash consideration $0.
• Vesting: Units vest on the later of (x) fifty weeks after grant and (y) the Company’s next annual meeting of stockholders (footnote F1).
• Restrictions: All 13,295 are time-based RSUs subject to vesting and forfeiture restrictions (footnote F2).
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax withholding, or sale associated with this grant was reported in the filing.

Context
RSUs are a common form of equity compensation for directors and executives; they confer a right to receive shares only if and when they vest. Such grants are routine compensation and do not by themselves indicate insider buying or selling sentiment. Purchases (cash acquisitions) are typically more directly interpreted as bullish; awards are primarily compensation.