Lynch Jyoti A. sold RRGB
June 12, 2024 · Form 4 insider transaction
Lynch Jyoti A. sold 474 shares of Red Robin Gourmet Burgers, Inc. at $8.18 per share, a transaction worth $3.9K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
In connection with the vesting of 1,949 time-based restricted stock units that were granted on June 12, 2024, under the issuer's 2017 Performance Incentive Plan, as amended, the issuer withheld 474 of such shares to satisfy tax withholding obligations. The 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.; Includes 32,897 time-based restricted stock units subject to vesting and forfeiture restrictions.