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

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 18
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. Individual targets are based on market competitiveness, individual performance, and growth in roles, and serve to increase stockholder alignment and increase the portion of “at risk” pay. In 2024, the Compensation Committee approved increases to the STI target value for the following named executive officer: • Mr. Hart’s annual STI target as a percentage of salary increased from 100% to 135%. Long-Term Performance-Based Incentive In 2024, the structure of our long-term incentive (LTI) program opportunities for our named executive officers again consisted of performance stock units (PSUs) (50% weight) and RSUs (50% weight). The LTI program continued to use relative TSR as a pre-established performance target for a three-year cumulative performance period. Individual targets are based on market competitiveness, individual performance, and growth in roles, and serve to increase stockholder alignment, increase the portion of “at risk” pay, and enhance retention. In 2024, the Compensation Committee approved increases to the LTI target value for the following named executive officer: • Mr. Wilson’s annual LTI target as a percentage of salary increased from 120% to 150%. 2024 EXECUTIVE COMPENSATION OUTCOMES Consistent with our commitment to a pay for performance compensation philosophy, based on 2024 performance, the Compensation Committee: ✓ Approved a payout under the annual STI program of 26.64% of the target. While the Company achieved payouts for relative guest traffic growth and Q1 Adjusted EBITDA, it did not achieve the primary threshold goal for Annual Adjusted EBITDA. 28 TABLE OF CONTENTS 1. Annual Adjusted EBITDA (60% weight): performance achievement resulted in an award of 0% of target. 2. Quarterly Adjusted EBITDA (25% weight, broken out into 6.25% per quarter): performance achievement resulted in an award of 90.29% of target for Q1 and 0% of target for Q2, Q3, andQ4. 3. Relative Guest Traffic (15% weight): performance achievement, based upon the percentage change in guest traffic of comparable restaurants in the casual dining segment versus the prior year, as reported by Black Box Intelligence, an independent third party, resulted in an award of 140% of target. ✓ Approved a 0% payout of the PSU award for the 2022-2024 performance period, as relative TSR performance was below the