Gerald L. Morgan - Nov 24, 2023 Form 4 Insider Report for Texas Roadhouse, Inc. (TXRH)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Sean Renfroe, by Power of Attorney
Stock symbol
TXRH
Transactions as of
Nov 24, 2023
Transactions value $
-$562,700
Form type
4
Date filed
11/27/2023, 08:30 PM
Previous filing
May 19, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXRH Common Stock Sale -$563K -5K -5.27% $112.54 89.8K Nov 24, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TXRH Restricted Stock Units 13.9K Nov 24, 2023 Common Stock 13.9K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were disposed of pursuant to a written non-discretionary Rule 10b5-1 stock purchase plan dated August 23, 2023.
F2 Weighted average sale price reported. The shares were sold within the range of $112.50 and $112.62. The reporting person will provide full information regarding the specific number of shares sold at each separate price upon request by the Commission Staff, the Company, or any security holder of the Company.
F3 Each restricted stock unit represents a conditional right to receive one share of the Company's common stock.
F4 The restricted stock units vest on January 8, 2024. Delivery of the shares to the reporting person will occur on January 8, 2024, subject to the reporting person's continued service with the Company.