Red Robin (RRGB) CPO Kassem Humera Receives Award; Withholds Shares

What Happened
Kassem Humera, Chief People Officer of Red Robin Gourmet Burgers (RRGB), had restricted stock units (RSUs) vest on Sept. 22, 2026. To satisfy tax withholding obligations, the company withheld 1,800 shares at $7.47 ($13,446) and 2,744 shares at $7.47 ($20,498), for a total of 4,544 shares withheld and roughly $33,944 in consideration. These were withholding transactions associated with RSU vesting, not open‑market sales.

Key Details

• Transaction date: 2026-09-22; filing date: 2026-09-23 (filed promptly).
• Withheld shares/tranches: 1,800 shares @ $7.47 = $13,446; 2,744 shares @ $7.47 = $20,498; total withheld = 4,544 shares (~$33,944).
• RSUs that vested: 7,680 shares (first tranche) and 11,704 shares (second tranche); total vested = 19,384 RSUs. Net shares delivered to the insider after withholding ≈ 14,840.
• Shares owned/subject to restrictions: filing notes 11,703 shares remain subject to vesting/forfeiture restrictions.
• Footnotes: Transactions were withholding for tax obligations (code F), approved by the Compensation Committee and reported as exempt from Section 16(b) under Rule 16b-3(e).
• Timeliness: Filing appears timely (next‑day filing); not reported late.

Context
This was a routine tax withholding related to RSU vesting (a common administrative action). It is not an open‑market sale or purchase and does not necessarily indicate a change in the insider’s view on the company. For retail investors, purchases are generally more indicative of insider optimism; tax withholdings like this are standard and typically neutral in signal.