Company: RRGB
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001104659-25-025001
Chunk: 27

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 27
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 Red Robin’s fiscal 2024 (“Black Box Guest Traffic”). There were 70 casual dining restaurant brands represented in the Black Box Intelligence casual dining guest traffic benchmark as of the measurement date. Potential payout amounts for the Relative Guest Traffic metric under the 2024 STI ranged from 0% to 200% of the executive’s target opportunity based on achievement as shown in the table below. Payouts for performance between minimum, target, and maximum are calculated by linear interpolation.

| ​ | ​ | Relative Guest Traffic |   |   |   |   |   |     |   |   |   |   |                        |   |      |   | ​ | ​ |
| ​ | ​ | Percentile Ranking     |   |   |   |   |   |     |   | ​ | ​ | ​ | Payout as a% of Target |   |      |   | ​ | ​ |
| ​ | ​ | Minimum                | ​ | ​ | ​ | ​ | ​ | 25% | ​ | ​ | ​ | ​ | ​                      | ​ | 25%  | ​ | ​ | ​ |
| ​ | ​ | Target                 | ​ | ​ | ​ | ​ | ​ | 50% | ​ | ​ | ​ | ​ | ​                      | ​ | 100% | ​ | ​ | ​ |
| ​ | ​ | Maximum                | ​ | ​ | ​ | ​ | ​ | 75% | ​ | ​ | ​ | ​ | ​                      | ​ | 200% | ​ | ​ | ​ |

Actual Payout . In 2024, the Annual Adjusted EBITDA performance achievement resulted in an award of 0% of target, as shown below. The cumulative Quarterly Adjusted EBITDA performance achievement resulted in

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an award of 90.29% of target for first quarter and 0% of target for the second, third, and fourth quarters, as shown below (in thousands, except percentages). The year end kicker was not achieved, as the Annual Adjusted EBITDA performance was below target.

| Company Performance       | ​ | ​ | Q1 AdjustedEBITDA |   |        |   | ​ | ​ | Q2 AdjustedEBITDA(cumulative) |   |        |   | ​ | ​ | Q3 AdjustedEBITDA(cumulative) |   |        |   | ​ | ​ | Q4 AdjustedEBIT