Company: RRGB
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038610
Chunk: 58

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 58
---
Transition Period”), Mr. Hart will be an employee senior advisor, performing transition and advisory services, during which time he will receive a monthly payment of $110,000, but he will not receive any long-term incentive awards during such period. Mr. Hart’ s termination is without cause and qualifies him to receive separation payments. Mr. Hart will be eligible to receive, subject to his execution and nonrevocation of a release of claims and other conditions: (i) cash severance equal to $1,800,000, which equals eighteen months of his annual base salary, payable in monthly installments for eighteen months following the termination of his employment, and (ii) a lump-sum cash payment equal to a pro-rata portion of his annual bonus, if any, for the Company’s 2025 fiscal year under the Company’s 2025 annual bonus plan that Mr. Hart would have earned based on actual performance had he remained employed for the entire 2025 fiscal year (the “Pro-Rata Bonus”), payable at such time as bonuses are generally paid by the Company to its executives. These are consistent with those owed under the Hart Offer Letter reduced by payments he will receive as an advisor. Mr. Hart’s unvested RSUs granted in September 2022 will remain outstanding and eligible to vest during the period he is a senior advisor and he will forfeit all other unvested RSUs and PSUs as of the effective date of the Separation and Transition Agreement. If Mr. Hart does not participate in the Company's earnings call in May or fails to provide the requested advisory services, then Mr. Hart will forfeit his continued salary payments, the Pro-Rata Bonus and the continued vesting of his RSUs that were granted in September 2022. Mr. Hart will remain subject to certain restrictive covenants following the termination of his employment, including nondisclosure of confidential information, non-disparagement, and, for twenty-four months following his termination, Mr. Hart is prohibited from soliciting or hiring certain employees, soliciting suppliers and business relations of the Company and competing against the Company. PAY VERSUS PERFORMANCE DISCLOSURE The following table sets forth information concerning the relationship between executive compensation actually paid and certain financial performance of the Company for each of the last five fiscal years. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Executive Compensation— Compensation Discussion and Analysis.”

| ​ 
 ​ | ​