Company: RRGB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001171759-25-000012
Chunk: 110

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 110
---
 under these plans were generally time based over a period of one year to four years. As of December 29, 2024, 70,235 and 1,162,500 options and awards to acquire the Company's common stock remained outstanding under the 2007 Stock Plan and the 2017 Stock Plan, respectively; all remaining options and awards are outstanding under the 2024 Stock Plan.Stock-based compensation costs recognized in fiscal 2024, 2023, and 2022 were $6.9 million, $6.8 million, and $6.3 million with related income tax benefits of $0.5 million, $0.8 million, and $0.6 million. The fiscal 2022 costs were comprised of $9.6 million stock-based compensation, partially offset by a $3.3 million reduction due to Executive Team forfeitures recorded in Impairment and other charges in the Consolidated Statements of Operations and Comprehensive Loss. As of December 29, 2024, there was $9.3 million of unrecognized compensation cost, excluding estimated forfeitures. Unrecognized compensation costs are expected to be recognized over the weighted average remaining vesting period of approximately one year for the restricted stock units ("RSU") and 1.62 years for the performance stock units ("PSU"). There is no unrecognized compensation cost for stock options in the year ended December 29, 2024.

62

Table of Contents

Stock OptionsThe tables below summarize the status of the Company's stock option plans (in thousands, except exercise price):Stock OptionsSharesWeighted Average Exercise PriceOutstanding, December 31, 2023117 $62.32 Granted— — Forfeited/expired(36)63.63 Exercised— — Outstanding, December 29, 202481 $61.75 SharesWeightedAverageExercisePriceWeightedAverageRemainingYears ofContractualLifeAggregateIntrinsic ValueOutstanding as of December 29, 202481 $61.75 1.26$— Vested and expected to vest as of December 29, 2024(1)81 $61.75 1.26$— Exercisable as of December 29, 202481 $61.75 1.26$— ———————————————————(1)    The expected to vest options are the result of applying the pre-vesting forfeiture