Texas Roadhouse enters new employment agreements with CEO and five other execs, effective Jan 8, 2025

Texas Roadhouse, Inc.

CEO Jerry Morgan gets $1.4M base salary, $2.1M service-based RSU for 2025, and up to $12.6M in performance-based RSUs.
President Gina Tobin gets $725K base salary; CFO, COO, CTO, CCO each get $630K base and $525K target bonus.
Performance-based RSUs vest over three years based on EPS growth: 10% (year 1), 21% cumulative (year 2), 33% cumulative (year 3) vs FY2024.
Agreements run through Jan 7, 2028, with automatic one-year renewals; include separation pay, non-compete, and clawback provisions.
Service-based RSUs granted Jan 8, 2025, vest Jan 8, 2026; performance-based RSUs also granted then, vesting one-third annually.

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