Director at Wingstop (NASDAQ: WING) receives 981-share equity grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MCDONALD WESLEY S reported acquisition or exercise transactions in this Form 4 filing.
Wingstop Inc. director Wesley S. McDonald received a grant of 981 shares of restricted common stock on May 21, 2026 under the Wingstop Inc. 2024 Omnibus Incentive Plan. The restricted stock will vest in full on the first anniversary of the grant date. Following this award, he directly beneficially owns 5,356 shares, including unvested restricted stock that would be forfeited if his board service ends. This Form 4 amendment corrects the number of restricted shares previously reported as granted and beneficially owned on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCDONALD WESLEY S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 981 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 5,356 shares (Direct, null)
Footnotes (1)
- On May 21, 2026, the Reporting Person was granted 981 shares of restricted stock pursuant to the Wingstop Inc. 2024 Omnibus Incentive Plan. The restricted stock will vest in full on the first anniversary of the date of grant. This amendment is being filed to correct the number of shares of restricted stock reported as granted to and beneficially owned by the Reporting Person on May 21, 2026. Includes unvested shares of restricted stock that would be forfeited upon the Reporting Person's termination of service on the Issuer's Board of Directors.
Key Figures
Restricted stock grant: 981 shares
Total shares after grant: 5,356 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Restricted stock grant
981 shares
Grant on May 21, 2026 under 2024 Omnibus Incentive Plan
Total shares after grant
5,356 shares
Common stock beneficially owned directly after transaction
Grant price per share
$0.00 per share
Reported transaction price for restricted stock award
Vesting schedule
1-year cliff vesting
Restricted stock vests in full on first anniversary of grant
Key Terms
restricted stock, 2024 Omnibus Incentive Plan, beneficially owned, unvested shares
4 terms
restricted stock financial
"the Reporting Person was granted 981 shares of restricted stock pursuant to the Wingstop Inc. 2024 Omnibus Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2024 Omnibus Incentive Plan financial
"granted 981 shares of restricted stock pursuant to the Wingstop Inc. 2024 Omnibus Incentive Plan"
beneficially owned financial
"correct the number of shares of restricted stock reported as granted to and beneficially owned by the Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What did Wingstop (WING) director Wesley McDonald report in this Form 4/A?
Wesley McDonald reported receiving 981 shares of restricted Wingstop common stock as an equity grant. The award was made under the 2024 Omnibus Incentive Plan and reflects director compensation rather than an open-market purchase or sale.
What are the key terms of Wesley McDonald’s Wingstop restricted stock grant?
The grant covers 981 shares of restricted Wingstop common stock with a par value of $0.01. These shares were granted at no cash cost and will vest in full on the first anniversary of the May 21, 2026 grant date, subject to continued board service.
Why is this Wingstop (WING) Form 4 filing labeled as an amendment?
The filing is an amendment because it corrects the number of restricted shares previously reported. It states that the Form 4/A updates the amount granted to and beneficially owned by Wesley McDonald as of May 21, 2026, ensuring accurate ownership records.
Is Wesley McDonald’s Wingstop transaction an open-market buy or sell?
No, the transaction is a grant or award acquisition of 981 restricted shares, not an open-market trade. The transaction code “A” and description confirm it is equity compensation, with no purchase price paid per share in the reported transaction.