Wingstop (NASDAQ: WING) SVP gains stock as RSUs vest and tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wingstop Inc. SVP and Chief Information Officer Christopher Fallon increased his equity stake through routine compensation-related activity. On the vesting of performance-based restricted stock units (RSUs), 225 RSUs converted into 225 shares of common stock on a one-for-one basis.
To cover tax liabilities tied to this vesting, 55 shares were automatically withheld at a price of $229.17 per share, meaning Fallon did not make an active trading decision for this disposition. Following these transactions, he directly holds 694 shares of common stock and 2,418 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
225 shares exercised/converted
Mixed
3 txns
Insider
Fallon Christopher
Role
SVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 225 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 225 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 55 | $229.17 | $13K |
Holdings After Transaction:
Restricted Stock Units — 2,418 shares (Direct);
Common Stock, par value $0.01 per share — 749 shares (Direct)
Footnotes (1)
- Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis. Represents the number of shares withheld for the payment of tax liabilities in connection with the vesting of performance-based RSUs. The withholding of these shares occurred automatically upon the vesting of the RSUs, and as such, no investment decision was made by the Reporting Person in connection with this transaction. The RSUs were granted on March 7, 2024 pursuant to the Wingstop Inc. 2015 Omnibus Incentive Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transaction did Wingstop (WING) SVP Christopher Fallon report?
Christopher Fallon reported the vesting of 225 restricted stock units that converted into common stock. As part of this routine compensation event, some shares were withheld to pay taxes, increasing his direct ownership of Wingstop common shares overall.
What are Christopher Fallon’s Wingstop (WING) holdings after this Form 4 transaction?
After the reported transactions, Christopher Fallon directly holds 694 shares of Wingstop common stock and 2,418 restricted stock units. The RSUs represent additional potential future shares, subject to their existing vesting schedule and plan terms.
Were Christopher Fallon’s Wingstop (WING) transactions open-market buys or sells?
No open-market buys or sells were reported. The Form 4 shows RSUs converting into common stock and an automatic share withholding for taxes. These are compensation and tax events, not discretionary trading in the open market.
When were the Wingstop (WING) RSUs originally granted to Christopher Fallon?
The restricted stock units were granted on March 7, 2024 under the Wingstop Inc. 2015 Omnibus Incentive Plan. According to the filing, they vest in three equal annual installments beginning on the first anniversary of the grant date.