Jerry Morgan is the CEO of Texas Roadhouse, Inc., a popular American restaurant chain known for its casual dining atmosphere and Texas-themed ambiance. Born in 1963, he earned a Bachelor's degree in Business Administration from the University of Kentucky. Morgan's career in the restaurant industry spans several years, having built a reputation for driving the company's growth and expansion. Notably, he served as President of the company starting in March 2021 before transitioning solely to the CEO role in January 2023. Under his leadership, Texas Roadhouse has seen remarkable financial performance. In 2022, Morgan's total compensation was reported at approximately $4.42 million, which included a salary of $972,500 and significant stock awards. Besides his role in management, he has a substantial stake in the company's stock, with holdings reaching around $16 million by mid-2024. This aligns his interests with those of the shareholders, showcasing his commitment to the company's success. Morgan’s analytical approach is evident in the company's performance metrics, focusing on consistent growth in earnings and profitability, which are keys to his strategic vision for Texas Roadhouse.

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Jerry Morgan

CEO of Texas Roadhouse

Education

Bachelor's degree in Business Administration from the University of Kentucky.

Field of Expertise

Consumer Goods & Retail - Restaurant

Sector of Economy

Consumer Cyclical

Born

January 1, 1963 - 62 years ago

CEO of Texas Roadhouse for

4 years 0 months (Mar 2021 - Present)

Previous Experience

Previously served as President and COO of Texas Roadhouse, Inc.; extensive experience in the restaurant industry.

Rivals

Competitors/colleagues of Jerry Morgan

Michael Skipworth

CEO of Wingstop

2023 Compensation

Stock

$0.00

Salary

$750.00K

Bonus

$1.65M

Other

$30.57K

Total Holdings

$5.52M

Charles R. Morrison

CEO of Wingstop

2023 Compensation

Stock

$0.00

Salary

$740.00K

Bonus

$0.00

Other

$30.57K

Total Holdings

$15.87M

Wyman Roberts

CEO of Brinker International

2022 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$37.29M

Ricardo Cardenas

CEO of Darden Restaurants

2023 Compensation

Stock

$3.80M

Salary

$1.10M

Bonus

$1.75M

Other

$471.17K

Total Holdings

$13.26M

David Overton

Founder and CEO of Cheesecake Factory

2023 Compensation

Stock

$200.00K

Salary

$900.00K

Bonus

$250.00K

Other

$100.00K

Total Holdings

$17.10M

David J. Deno

CEO of Bloomin' Brands, Inc.

2022 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$897.97K

Other

$19.02K

Total Holdings

$6.11M

Holdings

See how much did Jerry Morgan make over time.

As the CEO of Texas Roadhouse, Jerry Morgan has made significant investments in the company’s stock over the years. By early 2024, his holdings in Texas Roadhouse were valued at approximately $16 million, showcasing a solid commitment to the long-term success of the restaurant chain. In March 2021, just before becoming President, his stock value was around $6 million, indicating his growing investment with the company’s performance. Morgan's stock holdings demonstrated a steady increase in value, reflecting both financial confidence in the company and strategic alignment with shareholder interests. His stock value fluctuated between $6 million and $9 million during 2021 before soaring to $12 million and beyond in the following years, corresponding with the company’s successful initiatives and expansions. This wealth build-up is a direct result of the company's healthy growth, embodying a strong link between his leadership decisions and shareholder value.

Total Stock Sold

$6.27M

TXRH

$6.27M

47,500 TXRH shares

What if they kept their stock?

If Jerry Morgan didn't sell their stock, today they would have:
Extra TXRH47,500 shares worth $2.23M.
This is -64.41% and $4.04M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jerry Morgan.

TXRH

$2.58M

TXRH at $171.70/share

May 28, 2024

Sale

TXRH

$739.50K

TXRH at $147.90/share

Feb 29, 2024

Sale

TXRH

17,691 shares

TXRH

Feb 23, 2024

Received

TXRH

$591.30K

TXRH at $118.26/share

Dec 19, 2023

Sale

TXRH

$576.30K

TXRH at $115.26/share

Dec 4, 2023

Sale

TXRH

$562.70K

TXRH at $112.54/share

Nov 24, 2023

Sale

TXRH

$287.50K

TXRH at $115.00/share

May 18, 2023

Sale

TXRH

15,191 shares

TXRH

Feb 24, 2023

Received

TXRH

$475.20K

TXRH at $95.04/share

Aug 15, 2022

Sale

TXRH

$149.71K

TXRH at $90.08/share

Aug 8, 2022

Sale

Compensation History

See how much did Jerry Morgan make over time.

In 2022, Jerry Morgan's compensation package was reported at approximately $4.42 million. This included a salary of $972,500, a substantial stock award worth about $2.2 million, and other benefits making up the remainder. He also achieved significant bonuses based on performance metrics, emphasizing a results-driven approach to leadership. The compensation structure is designed to align the interests of executives with those of shareholders, driven by targets like earnings growth and profit sharing. For 2021, his total package was notably lower at approximately $3.77 million, but it reflected a lower stock award due to the pandemic’s impact on business operations. Morgan's strategy revolves around sustained profitability, and his recent pay increase and stock awards serve as an indication of the company's ongoing success.

Year

2022

Total Compensation

$2.08M

Salary

$972.50K

Board Justification

The compensation program is designed to promote sustained profitability and align the interests of Named Executive Officers with those of shareholders, reflecting competitive compensation in the casual dining sector.

Bonus

$0.00

Board Justification

The target bonus amount for fiscal year 2022 was $1,000,000, with actual bonuses paid at 124.51% of the total target amount based on performance metrics.

Other

$2.98K

Board Justification

Includes other compensation such as holiday bonuses and other benefits.

Restricted Stock

$1.10M(12.2K RSU)

Board Justification

12,200 service based restricted stock units vested on January 8, 2023, with a fair value of $1,100,684 based on the closing stock price on the grant date.

Performance Metrics

The performance metrics for the cash bonus included achieving an annual EPS growth target of 10% and a profit sharing pool based on pre-tax profits.

Other Texas Roadhouse CEOs

Here are other CEOs of Texas Roadhouse

W. Kent Taylor

Founder and Ex-CEO of Texas Roadhouse

January 1999 - March 2021