Company: RRGB
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001104659-25-025001
Chunk: 21

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 21
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 Committee upon the recommendation of management and the Compensation Committee’s independent compensation consultant and are based on their similarity to us with respect to several criteria, including revenue, market cap, and business model. At the time of selection, the Company’s revenues were situated at approximately the median of the benchmarking group. The peer group used for 2024 consisted of the 18 restaurant companies identified below.

| ​ | Peer Group                             |   |   |                                    | ​ |
| ​ | BJ’s Restaurants, Inc.                 | ​ | ​ | Dine Brands Global, Inc.           | ​ |
| ​ | Bloomin’ Brands, Inc.                  | ​ | ​ | El Pollo Loco Holdings, Inc.       | ​ |
| ​ | Brinker International, Inc.            | ​ | ​ | Fiesta Restaurant Group, Inc.*     | ​ |
| ​ | Carrols Restaurant Group, Inc.         | ​ | ​ | First Watch Restaurant Group, Inc. | ​ |
| ​ | The Cheesecake Factory Incorporated    | ​ | ​ | Jack in the Box Inc.               | ​ |
| ​ | Chuy’s Holdings, Inc.                  | ​ | ​ | Papa John’s International, Inc.    | ​ |
| ​ | Cracker Barrel Old Country Store, Inc. | ​ | ​ | Portillo’s Inc.                    | ​ |
| ​ | Dave & Buster’s Entertainment, Inc.    | ​ | ​ | Texas Roadhouse, Inc.              | ​ |
| ​ | Denny’s Corporation                    | ​ | ​ | The Wendy’s Company                | ​ |

* Fiesta Restaurant Group, Inc. was acquired during 2023, but it was included in our peer group pay study for compensation benchmarking prior to its acquisition. The Compensation Committee uses competitive compensation data from the annual total compensation study of peer and other restaurant companies and other relevant survey sources to inform its decisions about

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TABLE OF CONTENTS overall compensation opportunities and specific compensation elements. Additionally, the Compensation Committee uses multiple reference points when establishing targeted compensation levels. The Compensation Committee applies judgment and discretion in establishing targeted pay levels, considering not only competitive market data, but also factors such as Company performance, individual performance, scope of responsibility, critical needs and skill sets, leadership potential, succession planning, and retention. For 2025 compensation benchmarking, the Compensation Committee revised its peer group, removing (i) Carrols Restaurant Group, Inc., (ii) Chuy’s Holdings, Inc., and (iii) Fiesta Restaurant