Company: RRGB
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001104659-25-025001
Chunk: 28

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 28
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, 2024 for a description of Adjusted EBITDA, with the above measure excluding a $0.5 million benefit of an excess bonus reserve reversal in the first quarter of fiscal 2024, as approved by the Compensation Committee. The Company’s Relative Guest Traffic ranked 42nd among the 70 restaurant brands in the casual dining segment, equating to a percentile ranking of 60th percentile Relative Guest Traffic. This performance achievement resulted in an award of 140% of target. The combined performance achievement of Annual EBITDA, Quarterly EBITDA, and Relative Guest traffic resulted in an STI award equal to 26.64% of target. Each of our named executive officers has a target annual incentive opportunity expressed as a percentage of the executive’s salary and is set based on, among other factors, market and peer comparisons, and internal equity. The target and actual amounts of our annual performance-based cash incentives paid to our named executive officers in March 2025 for 2024 performance are as follows:

| Named Executive Officer | ​ | ​ | 2024AnnualizedSalary |   |           |   | ​ | ​ | Target(% of Salary) |   |      |   | ​ | ​ | $ Amountat Target |   |           |   | ​ | ​ | 2024Actual Payout(26.64% of Target) |   |         |   | ​ |
|:------------------------|:--|:--|:---------------------|:--|----------:|:--|:--|:--|:--------------------|:--|:-----|:--|:--|:--|:------------------|:--|----------:|:--|:--|:--|:------------------------------------|:--|--------:|:--|:--|
| G.J. Hart               | ​ | ​ | ​                    | $ | 1,000,000 | ​ | ​ | ​ | ​                   | ​ | 135% | ​ | ​ | ​ | ​                 | $ | 1,350,000 | ​ | ​ | ​ | ​                                   | $ | 359,682 | ​ | ​ |
| Todd Wilson             | ​ | ​ | ​                    | $ |   475,000 | ​ | ​ | ​ | ​                   | ​ | 75%  | ​ | ​ | ​ | ​                 | $ |   356,250 | ​ | ​ | ​ | ​                                   | $ |