Kassem Humera 4

What Happened
Kassem Humera, Chief People Officer of Red Robin Gourmet Burgers, was granted 34,090 Phantom Restricted Stock Units (Phantom RSUs) on March 23, 2026. The grant is reported as a derivative award (Form 4 code A) with an acquisition price of $0.00; the Phantom RSUs vest over three years (one‑third on each of the first, second and third anniversaries of the grant). Each Phantom RSU represents the contingent right to receive one share of Red Robin common stock or the cash equivalent at the issuer’s discretion upon vesting.

Key Details

• Transaction date: 2026-03-23; filing date: 2026-03-24 (filed the next day).
• Instrument: 34,090 Phantom RSUs (derivative award), acquisition price reported $0.00.
• Vesting: One-third vests on each of the first, second and third anniversaries of the grant (see footnote F1).
• Shares owned after transaction: not disclosed in the filing.
• No tax-withholding sale, 10b5-1 plan, or exercise reported; this is a compensation grant under the 2024 Performance Incentive Plan.

Context
Phantom RSUs are a compensatory award that do not result in immediate share ownership or a cash outlay; they create a contingent right to receive stock or cash upon vesting. This is not a market purchase or sale and therefore does not directly signal buying or selling by the insider at market prices. Grants like this are common for executive compensation and retention.