Company: RRGB
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001104659-25-025001
Chunk: 16

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 16
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 Non-employee directors may not sell, transfer, or otherwise dispose of common stock that would decrease such director’s cumulative cost basis below the ownership guideline amount. As of the annual measurement date, all directors were in compliance or on track to be in compliance with the guideline or have not sold any of their award shares during their tenure.

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TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS NAMED EXECUTIVE OFFICERS In this Compensation Discussion and Analysis, we provide an analysis and explanation of our executive compensation program and the compensation derived from this program by our “named executive officers.” For 2024, our named executive officers were: • G.J. Hart , Chief Executive Officer • Todd Wilson , Chief Financial Officer • Sarah Mussetter , Chief Legal Officer • Kevin Mayer , former Chief Marketing Officer (effective February 11, 2025, Mr. Mayer left the Company) • Meghan Spuler , Chief People Officer EXECUTIVE SUMMARY Red Robin is committed to building long-term stockholder value. Our executive compensation program is designed to pay for performance and link incentives to current and long-term sustained achievement of Company strategic and financial goals. This executive summary provides an overview of our fiscal 2024 performance, compensation actions, and compensation outcomes based on pay for performance alignment. References to “2024” herein are to the Company’s fiscal year ended December 29, 2024. 2024 COMPANY OPERATIONAL AND PERFORMANCE HIGHLIGHTS The last two years have been transformational years for our iconic brand. In 2023, the Company released its North Star five-point strategic plan under CEO G.J. Hart designed to enhance the Company’s competitive positioning. Since then, the Company has made investments to strengthen operations and improve the quality of its food and hospitality, from introducing flat top grills, upgrading approximately 85% of the menu, and improving its service model, to taking prudent actions to improve its cost structure. In 2024, the Company began to see the benefits of these investments, with elevated guest satisfaction scores and Guest traffic trends sequentially improving in each quarter of the year, positioning it on the path to long-term success. Below are select 2024 accomplishments furthering our North Star strategy: • The Company completed the roll-out of its field leadership performance-based compensation program that includes a base salary plus a performance bonus linked to restaurant-level operating profit, which the Company expects to drive an ownership mentality and meaningful results in traffic, sales, and profitability consistent with the Company’s financial plans. • The Company introduced a new