Company: RRGB
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038610
Chunk: 29

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 29
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 dispositions; a material change

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TABLE OF CONTENTS

in planned capital expenditures; and any items that are unusual in nature, non-recurring, or infrequent in occurrence and is referred to herein as “Adjusted EBITDA.” The Compensation Committee selected Adjusted EBITDA as a measure because it captures our operating results without reflecting the impact of decisions related to our growth, non-operating factors, and other matters. The Compensation Committee believes the 2024 Adjusted EBITDA goals were rigorous and demonstrated our commitment to a pay for performance philosophy. Quarterly Adjusted EBITDA (25% weight) . The Quarterly Adjusted EBITDA performance measure is calculated using Adjusted EBITDA, except on a quarterly year-to-date (cumulative) basis (6.25% weight for each quarter, totaling 25%). Potential payout amounts for the Adjusted EBITDA metric under the 2024 STI ranged from 0% to 200% of the executive’s target opportunity based on achievement as shown in the tables below. Payouts for performance between minimum, target, and maximum are calculated by linear interpolation. The maximum payout for each Quarterly Adjusted EBITDA performance period was 100%, with a year-end “true-up” if the Annual Adjusted EBITDA exceeded 100% of the target.

| ​ | ​ | Annual Adjusted EBITDA Target and Payout Scale |   |   |   |   |   |      |   |   |   |   |                        |   |      |   | ​ | ​ |
| ​ | ​ | Proportion of Adjusted EBITDATarget Achieved   |   |   |   |   |   |      |   | ​ | ​ | ​ | Payout as a% of Target |   |      |   | ​ | ​ |
| ​ | ​ | Minimum                                        | ​ | ​ | ​ | ​ | ​ | 80%  | ​ | ​ | ​ | ​ | ​                      | ​ | 25%  | ​ | ​ | ​ |
| ​ | ​ | Target                                         | ​ | ​ | ​ | ​ | ​ | 100% | ​ | ​ | ​ | ​ | ​                      | ​ | 100% | ​ | ​ | ​ |
| ​ | ​ | Maximum                                        | ​ | ​ | ​ | ​ | ​ | 120% | ​ | ​ | ​ | ​ | ​                      | ​ | 200% | ​ | ​ |