Geoffrey Wayne Davis - Mar 20, 2023 Form 4 Insider Report for RED ROBIN GOURMET BURGERS INC (RRGB)

Signature
/s/ Sarah A. Mussetter, Attorney-in-Fact
Stock symbol
RRGB
Transactions as of
Mar 20, 2023
Transactions value $
-$11,164
Form type
4
Date filed
3/22/2023, 07:14 PM
Previous filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRGB Common Stock Award $0 +13.3K +73.97% $0.00 31.3K Mar 20, 2023 Direct F1, F2
transaction RRGB Common Stock Tax liability -$11.2K -849 -2.71% $13.15 30.4K Mar 21, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of time-based restricted stock units under the issuer's 2017 Performance Incentive Plan, as amended. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock. One-third of the units are scheduled to vest on each of the first, second, and third anniversaries of the date of grant.
F2 Includes 29,377 time-based restricted stock units subject to vesting and forfeiture restrictions.
F3 In connection with the vesting of 2,663 time-based restricted stock units which were granted on March 21, 2022 under the issuer's 2017 Performance Incentive Plan, as amended, the reporting person sold 849 of such shares to the issuer to satisfy tax withholding obligations. The sale 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, the sale is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
F4 Includes 28,528 time-based restricted stock units subject to vesting and forfeiture restrictions.