Company: RRGB
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001104659-25-025001
Chunk: 31

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 31
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 the performance period, the maximum payout will be capped at the target grant amount regardless of relative outperformance to the peer group. The potential payout amounts ranged from 0% to 200% of the executive’s target opportunity based on TSR performance relative to the peer group, as shown in the table below. Payouts for performance between minimum, target, and maximum are calculated by linear interpolation.

| ​ | ​ | 2024-2026 Payout Scale |   |   |   |   |   |      |   |   |   |   |                        |   |      |   | ​ | ​ |
| ​ | ​ | % of Peer Group        |   |   |   |   |   |      |   | ​ | ​ | ​ | Payout as a% of Target |   |      |   | ​ | ​ |
| ​ | ​ | Below minimum          | ​ | ​ | ​ | ​ | ​ | <25% | ​ | ​ | ​ | ​ | ​                      | ​ | 0%   | ​ | ​ | ​ |
| ​ | ​ | Minimum                | ​ | ​ | ​ | ​ | ​ | 25%  | ​ | ​ | ​ | ​ | ​                      | ​ | 25%  | ​ | ​ | ​ |
| ​ | ​ | Target                 | ​ | ​ | ​ | ​ | ​ | 50%  | ​ | ​ | ​ | ​ | ​                      | ​ | 100% | ​ | ​ | ​ |
| ​ | ​ | Maximum                | ​ | ​ | ​ | ​ | ​ | 75%  | ​ | ​ | ​ | ​ | ​                      | ​ | 200% | ​ | ​ | ​ |

2022-2024 Long-Term Performance-Based Incentives . At the end of 2024, the Company completed a three-year performance cycle for the long-term incentive portion of the LTI plan. The performance period covered fiscal years 2022 through 2024, and the amount payable in respect of that cycle was based on the Company’s TSR relative to a 14-company performance peer group. This 14-company performance peer group became an 11-company peer group, as two of the peer companies, Fiesta Restaurant Group and Ruth’s Hospitality, were acquired in 2023, and a third peer company, Chuy’s Holdings, Inc., was acquired in 2024. Relative TSR is a key metric to measure management performance to create