Marshall Lloyd Paul 4

What Happened

• Marshall Lloyd Paul, Chief Growth Officer of Texas Roadhouse (TXRH), sold 1,000 shares in an open‑market transaction on May 14, 2026 at $178.34 per share, generating proceeds of $178,340. This was a sale (not a purchase or option exercise) and is typically viewed as a liquidity event rather than a direct signal of company outlook.

Key Details

• Transaction date and price: May 14, 2026 — 1,000 shares sold at $178.34 each (total $178,340).
• Transaction type: Open-market sale (code S).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing date: May 15, 2026 (filed one day after the trade) — appears timely under Form 4 reporting rules.
• Footnotes of note:
  • F1: Each restricted stock unit (RSU) represents a conditional right to receive one share.
  • F2: Some RSUs vest on January 8, 2027; delivery contingent on continued service.
  • F3: Additional RSUs vest on January 8, 2028; delivery contingent on continued service.

Context

• This report shows a straightforward open‑market sale. There is no indication in the filing that options were exercised, shares were gifted, or that the sale was part of a prearranged 10b5‑1 plan. As with most insider sales, this transaction is factual disclosure of insider activity and should not be interpreted alone as a definitive signal about the company’s prospects.