SEC Form 4 · accession 0001179110-18-002164
RED ROBIN GOURMET BURGERS INC · RRGB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denny Marie Post
Officer — President and CEO
Period of report
Feb 13, 2018
Accepted (ET)
Feb 15, 2018 · 4:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171759
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 13, 2018 | A | 2,704 | $0.00 | A | 20,064 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 16, 2017, the reporting person received a grant, subject to stockholder approval, of performance share units ("PSUs") representing 22,340 shares of the issuer's common stock (at target). Stockholder approval was obtained on May 18, 2017. The PSUs cliff-vest at the end of a three-year performance cycle, generally subject to the reporting person's continued employment through the applicable vesting date, with the number of PSUs earned and issued determined based on achievement of performance objectives approved by the issuer's compensation committee for each year in the performance cycle. On February 13, 2018, the compensation committee determined that the objectives for the first tranche (2017) were achieved at a level resulting in 2,704 shares being earned by the reporting person. The shares issued will not vest until the end of the three-year performance cycle on December 29, 2019.