Griffith Jesse 4
4 · RED ROBIN GOURMET BURGERS INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Red Robin (RRGB) COO Jesse Griffith Receives 2,038-Share Award
What Happened Jesse Griffith, Chief Operations Officer of Red Robin Gourmet Burgers (RRGB), was granted 2,038 performance-based restricted shares (PSUs) that vested following certification of performance on Feb 17, 2026. The award was recorded at $0.00 per share (award/grant). To satisfy tax withholding and fees, 1,027 of those shares were withheld/disposed on Feb 19, 2026 at $3.32 per share, generating approximately $3,410. Net shares delivered to Griffith were 1,011.
Key Details
- Transaction dates: Award/vesting certified 2026-02-17; withholding/disposition 2026-02-19.
- Award: 2,038 PSUs granted/vested (2017 Performance Incentive Plan, 2023–2025 performance period).
- Withholding: 1,027 shares withheld at $3.32/share for ~$3,410 to cover tax obligations (reported as a disposition).
- Footnotes: Compensation Committee certified achievement of 31% of target for Relative TSR (F1); withholding approved under Rule 16b-3(d)(1) and exempt under Rule 16b-3(e) (F2); filing shows 37,657 time-based RSUs remain subject to vesting/forfeiture (F3).
- Filing timeliness: Report filed Feb 19, 2026 for a Feb 17, 2026 vesting — within the typical 2-business-day Form 4 window (not reported late).
- The Form reports the grant and the withholding; it does not disclose total common shares beneficially owned in this summary.
Context PSUs convert to shares only if specified performance goals are met; this award reflects partial attainment (31% of target) for the 2023–2025 Relative TSR metric. Withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a voluntary sale or change in insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17+2,038→ 45,378 total - Tax Payment
Common Stock
[F2][F3]2026-02-19$3.32/sh−1,027$3,410→ 44,351 total
Footnotes (3)
- [F1]Represents the acquisition of shares due to the vesting of 2,038 performance-based restricted stock units ("PSUs") under the issuer's 2017 Performance Incentive Plan for the 2023-2025 performance period, following the Compensation Committee's certification on February 17, 2026 of the Company's achievement of 31% of target of the Company's total shareholder return performance relative to a selected peer group (Relative TSR).
- [F2]Represents the withholding of shares by the issuer on behalf of the reporting person to satisfy tax withholding obligations and fees arising in connection with the vesting of the 2,038 PSUs. This transaction was approved by the issuer's Compensation Committee in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), and as such, is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
- [F3]Includes 37,657 time-based restricted stock units subject to vesting and forfeiture restrictions.