Form 4 for RRGB RED ROBIN GOURMET BURGERS INC

Accepted 2022-02-23 00:00:00 ET · period of report 2022-02-18 · accession 0001415889-22-001674 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2022-02-23	2022-02-18	RRGB	MUHTAR JONATHAN A.	Chief CONCEPT Off	F - Tax	$17.10	-170	37.5K	-0.5%	-$2,907

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-02-18	F	D	170	$17.10	37,543	D	—	—	(F1) On March 19, 2019, the reporting person received a grant of performance share units (PSUs) representing 13,559 shares of the issuer's common stock (at target) under the issuer's 2017 Performance Incentive Plan, as amended. The PSUs cliff vest at the end of a three year performance cycle with the number of PSUs earned determined based on achievement of performance objectives approved by the issuer's Compensation Committee for each year in the performance cycle. On February 5, 2020, the issuer's Compensation Committee determined that the objectives for the first tranche were achieved, resulting in 608 shares being earned by the reporting person, as previously reported. No shares were earned with respect to the second and third tranches. In connection with the vesting of and issuance of such 608 shares, the reporting person sold 170 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. (F2) Includes 19,328 shares subject to vesting and forfeiture restrictions.