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    Gerald L. Morgan

    Chief Executive Officer at Texas Roadhouse Inc
    Since March 18, 2021
    Age
    64 years
    Tenure
    Joined TXRH in 1997, held various roles including Managing Partner, Market Partner, and Regional Market Partner, served as President from December 2020 until January 2023, and was appointed Chief Executive Officer in March 2021.

    Also at Texas Roadhouse Inc

    CCC
    Christopher C. Colson
    Chief Legal and Administrative Officer
    DCM
    D. Christopher Monroe
    Chief Financial Officer
    HEM
    Hernan E. Mujica
    Chief Technology Officer (CTO)

    About

    Gerald L. Morgan is a seasoned executive with nearly 40 years of restaurant management experience, currently serving as the Chief Executive Officer of Texas Roadhouse since March 2021.

    He joined TXRH in 1997 and has held a variety of roles including Managing Partner, Market Partner, and Regional Market Partner. His responsibilities expanded further when he served as President from December 2020 until January 2023 before assuming his current position.

    With a strong background in the restaurant industry, including previous roles at Bennigan’s Restaurants and Burger King, he brings extensive operational and strategic expertise to his leadership role at TXRH. At 64 years old, his experience continues to drive the company’s growth and success.

    $TXRH Performance Under Gerald L. Morgan

    Past Roles

    OrganizationRoleDate RangeDetails
    TXRHPresidentDecember 2020 - January 2023Former role before promotion to CEO
    TXRHRegional Market PartnerN/APast TXRH role prior to current CEO position
    TXRHMarket PartnerN/APast TXRH role prior to current CEO position
    TXRHManaging PartnerN/APast TXRH role prior to current CEO position
    Bennigan's RestaurantsRestaurant Management RolesN/AWorked in restaurant management before joining TXRH
    Burger KingRestaurant Management RolesN/AWorked in restaurant management before joining TXRH

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary $1,295,385 2024 Base salary for fiscal year 2024
    Holiday Bonus $0 2024 No holiday bonus received
    Service Based RSUs 11,000 units, Fair Value: $1,301,300 Vests January 8, 2025 Granted as service-based RSUs with a grant date fair value of $1,301,300
    Non-equity Incentive Plan Compensation $2,271,270 2024 Compensation under the non-equity incentive plan for fiscal year 2024
    All Other Compensation $16,754 2024 Other compensation components for fiscal year 2024
    Change in Control PaymentsN/A [N/A]N/A [N/A]No specific information provided for fiscal year 2024 [N/A]
    Franchised Restaurants Distribution $188,667 2024 Distribution from franchised restaurant ownership interests
    Mansfield Restaurant Distribution $800,972 2024 Distribution from Mansfield, Texas restaurant ownership interest

    Performance Compensation

    Data from  FY 2024

    Performance Incentive Bonus

    MetricValueAdditional Details
    Target Bonus $1,300,000 Target bonus amount for fiscal year 2024
    Minimum Bonus $0 No bonus if performance criteria are not met
    Maximum Bonus $2,600,000 Cap at two times the target bonus
    Performance Metrics EPS Growth Target of 10% and Pre-Tax Profit based on 1.75% of pre-tax profits Adjusted by 10% for every 1% deviation in EPS growth
    Evaluation Period Fiscal Year 2024 Performance assessed for 2024 with payout determination at period end
    Payout Conditions Discretionary by the Compensation Committee Bonus may be adjusted downward based on performance criteria

    Performance Based RSUs

    MetricValueAdditional Details
    Target RSUs 11,000 shares Target number of RSUs for performance-based award
    Maximum RSUs 22,000 shares Maximum award is two times the target RSUs
    Grant Date January 8, 2024 Date on which RSUs were granted
    Grant Date Fair Value $1,301,300 Total fair value of the target RSUs on the grant date
    Grant Date Stock Price $118.30 Closing price of the company’s common stock on the trading day before the grant date
    Vesting Schedule Vests on January 8, 2025 RSUs vest subject to the achievement of performance goals
    Calculation Method Target bonus amount divided by the grant date stock price, rounded to the nearest 100 shares Determines the actual number of RSUs to be issued
    Evaluation Period Fiscal Year 2024 with performance review in Q1 2025 Performance goals certified and calculated in the first quarter of 2025