Wingstop CEO gets 39,155 shares from RSU vesting
Wingstop Inc. President and CEO Michael Skipworth reported the vesting and settlement of performance-based restricted stock units into common stock.
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Rhea-AI Filing Summary
Wingstop Inc. President and CEO Michael Skipworth reported the vesting and settlement of performance-based restricted stock units into common stock. On March 4, 2026, 39,155 RSUs vested and were converted into common shares on a one-for-one basis after the company met maximum performance criteria for the three-year period ended December 27, 2025.
As part of this settlement, 14,902 shares of common stock were automatically withheld at a price of $239.34 per share to cover tax liabilities, a transaction coded as a tax-withholding disposition with no investment decision by Skipworth. Following these transactions, he directly owned 67,030 shares of Wingstop common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock, par value $0.01 per share | 39,155 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 14,902 | $239.34 | $3.57M |
Footnotes (3)
- F1. On March 9, 2023, the Reporting Person was granted 15,662 performance-based restricted stock units ("RSUs") pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. The performance-based RSUs vest based on the Issuer's satisfaction of certain performance criteria for the three-year period ended December 27, 2025, with the number that would vest upon maximum performance equal to 250% of the target number specified in the grant. The performance criteria were met at the maximum performance level, resulting in the vesting of 39,155 performance-based RSUs
- F2. RSUs convert into common stock on a one-for-one basis.
- F3. 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.
FAQ
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What did Wingstop (WING) CEO Michael Skipworth report in this Form 4?
How many Wingstop RSUs vested for the CEO and over what performance period?
How were the vested Wingstop RSUs settled for Michael Skipworth?
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