Company: RRGB
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038610
Chunk: 33

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 33
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| ​ | ​ | Minimum                | ​ | ​ | ​ | ​ | ​ | 25%  | ​ | ​ | ​ | ​ | ​                      | ​ | 25%  | ​ | ​ | ​ |
| ​ | ​ | Target                 | ​ | ​ | ​ | ​ | ​ | 50%  | ​ | ​ | ​ | ​ | ​                      | ​ | 100% | ​ | ​ | ​ |
| ​ | ​ | Maximum                | ​ | ​ | ​ | ​ | ​ | 75%  | ​ | ​ | ​ | ​ | ​                      | ​ | 200% | ​ | ​ | ​ |

2022-2024 Long-Term Performance-Based Incentives . At the end of 2024, the Company completed a three-year performance cycle for the long-term incentive portion of the LTI plan. The performance period covered fiscal years 2022 through 2024, and the amount payable in respect of that cycle was based on the Company’s TSR relative to a 14-company performance peer group. This 14-company performance peer group became an 11-company peer group, as two of the peer companies, Fiesta Restaurant Group and Ruth’s Hospitality, were acquired in 2023, and a third peer company, Chuy’s Holdings, Inc., was acquired in 2024. Relative TSR is a key metric to measure management performance to create stockholder value. We believe this chosen metric supports our management team’s alignment with stockholders. Further, we believe the below target payouts (or lack of payout) demonstrate our strong commitment to a pay for performance philosophy. During the three-year performance period commencing on March 21, 2022 and ending on December 29, 2024, no payout was earned due to the relative performance of the Company, as compared to the peer group, and our named executive officers earned a 0% payout, as reflected in the tables below.

| Company       | ​ | ​ | BeginningStock Price |   |       |   | ​ | ​ | EndingStock Price |   |      |   | ​ | ​ | Dividends |   |      |   | ​ | ​ | TSR |   |        |   | ​ | ​ | PercentileRank |   |       |   | ​ |
|:--------------|:--|:--|:---------------------|:--|------:|:--|:--|:--|:------------------|:--