Texas Roadhouse Details 2026 Executive Compensation, Including $18.35M Target for CEO

summarizeSummary

Texas Roadhouse, Inc. announced the 2026 compensation packages for its named executive officers, featuring a total target compensation of $18.35 million for CEO Jerry Morgan, including a substantial long-term restricted stock unit award.

check_boxKey Events

• CEO Jerry Morgan's 2026 Target Compensation

  Total target compensation for CEO Jerry Morgan is set at $18.35 million, comprising base salary, target incentive bonus, service-based restricted stock units, performance-based restricted stock units, and long-term restricted stock units.

• Substantial Long-Term Equity Award for CEO

  CEO Jerry Morgan was granted an $11 million long-term restricted stock unit award, vesting on January 8, 2031, designed for long-term retention and incentive.

• Executive Compensation Structure Detailed

  The filing details the 2026 base salaries, target cash incentive bonuses, and various equity awards (service-based, performance-based, and long-term restricted stock units) for multiple named executive officers.

• Performance-Based Incentives

  Performance-based restricted stock units for executives are tied to achieving specific goals, including 33% earnings per share growth compared to fiscal year 2025 and pre-tax profits.

auto_awesomeAnalysis

This 8-K filing provides a comprehensive overview of the 2026 compensation structure for Texas Roadhouse's executive team, including base salaries, short-term cash incentives, and various equity awards. The significant long-term restricted stock unit award of $11 million for CEO Jerry Morgan, vesting over five years, highlights the company's strategy to incentivize and retain key leadership. While these are annual adjustments, the total value of the compensation packages, particularly the equity components, is material for shareholders to consider in evaluating executive alignment with long-term company performance.