Restricted stock grant boosts Wingstop (WING) director’s share holdings
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 restricted common stock awarded as compensation rather than a market purchase. The stock was granted under the Wingstop Inc. 2024 Omnibus Incentive Plan and will vest in full on the first anniversary of the May 21, 2026 grant date.
Following this award and related corrections, McDonald beneficially owns 5,506 shares of Wingstop common stock, including unvested restricted shares that would be forfeited if he leaves the Board of Directors.
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 | 1,131 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 5,506 shares (Direct, null)
Footnotes (1)
- On May 21, 2026, the Reporting Person was granted 1.131 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 amends the Form 4/A filed on May 26, 2026, which amended the Form 4 filed on May 22, 2026, 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: 1,131 shares
Grant price: $0.00 per share
Post-grant holdings: 5,506 shares
+1 more
4 metrics
Restricted stock grant
1,131 shares
Grant of common stock on May 21, 2026 as director award
Grant price
$0.00 per share
Compensation award, not open-market purchase
Post-grant holdings
5,506 shares
Total Wingstop common stock beneficially owned after grant
Vesting date
First anniversary of May 21, 2026
Restricted stock vests in full after one year of service
Key Terms
restricted stock, 2024 Omnibus Incentive Plan, beneficially owned, unvested shares, +1 more
5 terms
restricted stock financial
"the Reporting Person was granted 1.131 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
"restricted stock pursuant to the Wingstop Inc. 2024 Omnibus Incentive Plan"
beneficially owned financial
"to 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.
termination of service financial
"would be forfeited upon the Reporting Person's termination of service on the Issuer's Board of Directors"
FAQ
What insider transaction did Wingstop (WING) director Wesley McDonald report?
Wingstop director Wesley S. McDonald reported an acquisition of restricted common stock as a compensation grant, not an open-market purchase. The award was made under the 2024 Omnibus Incentive Plan and structured to vest after one year of continued board service.
What are the vesting terms of Wesley McDonald’s Wingstop restricted stock grant?
The restricted stock granted to Wesley McDonald will vest in full on the first anniversary of the May 21, 2026 grant date. Until vesting, the shares remain subject to forfeiture if his service on Wingstop’s Board of Directors ends before that anniversary date.
Why was this Wingstop (WING) Form 4/A filed as an amendment?
This Form 4/A was filed to correct the number of restricted shares reported as granted to, and beneficially owned by, Wesley McDonald on May 21, 2026. It amends a prior Form 4 and an earlier Form 4/A that contained incorrect grant and ownership figures.
Is Wesley McDonald’s Wingstop stock grant an open-market buy or compensation?
The Wingstop shares reported are a compensation-related grant, not an open-market buy. They were awarded at no cash cost per share under the 2024 Omnibus Incentive Plan and are structured as restricted stock that vests after one year of continued board service.