Texas Roadhouse (TXRH) Chief Growth Officer Marshall Lloyd Paul Sells 500 Shares

What Happened

• Marshall Lloyd Paul, Chief Growth Officer of Texas Roadhouse, sold 500 shares of TXRH in an open-market sale on August 26, 2026. The shares were disposed at $204.65 each for total proceeds of $102,325. This was a sale (S) rather than a purchase.

Key Details

• Transaction date and price: 2026-08-26 — 500 shares at $204.65 per share (total $102,325).
• Filing date: 2026-08-27 (filed the next day).
• Shares owned after transaction: Not disclosed in the provided Form 4.
• Notable footnotes in the filing:
  • F1: Each restricted stock unit (RSU) represents a conditional right to one share.
  • F2: Some RSUs vest on January 8, 2027; delivery then is subject to continued service.
  • F3: Some RSUs vest on January 8, 2028; delivery then is subject to continued service.
• No 10b5-1 trading plan, tax-withholding sale code, or indication of late filing is specified in the provided filing.

Context

• Sales by executives are common and can be for many reasons (liquidity, diversification, tax planning); a sale alone is not a clear bullish signal. The RSU footnotes show the officer has awards that vest in 2027 and 2028, but the filing does not specify whether the sold shares came from vested awards, previously owned shares, or another source.