[Form 4] Wingstop Inc. Insider Trading Activity

Rhea-AI Filing Summary

Michael Skipworth, President and Chief Executive Officer of Wingstop Inc. (WING), was granted 45,505 restricted stock units (RSUs) on September 11, 2025 under the Wingstop Inc. 2024 Omnibus Incentive Plan. Each RSU converts one-for-one into common stock and the award vests on the fifth anniversary of the grant date, meaning the RSUs vest on September 11, 2030. Following the reported grant, Skipworth beneficially owns 45,505 shares attributable to these RSUs. The Form 4 was filed as a single reporting person and dated with a power-of-attorney signature on September 15, 2025.

Positive

• CEO granted 45,505 RSUs under the 2024 Omnibus Incentive Plan, aligning long-term interests with shareholders
• RSUs convert one-for-one into common stock and vest on a clear five-year schedule, indicating retention focus

Negative

• None.

Insights

Financial Analyst

TL;DR CEO granted 45,505 RSUs that vest in five years, a routine long-term incentive emphasizing retention and alignment with shareholders.

The five-year RSU grant of 45,505 units to the CEO is a straightforward long-term equity incentive. It increases the CEOs potential equity stake only upon vesting, so near-term dilution is nil until conversion. This grant is not accompanied by exercise price or accelerated vesting conditions in the filing, and the units convert one-for-one into common stock. For investors, the grant signals management retention focus rather than an immediate cash cost. The filing shows standard Section 16 reporting compliance and does not disclose any change to outstanding option pools or additional compensation details beyond the RSU grant.

Corporate Governance Expert

TL;DR A single, time-based RSU award to the CEO is consistent with retention-focused governance; no red flags in the disclosure.

The award under the 2024 Omnibus Incentive Plan vests after five years, indicating a retention-oriented structure. The Form 4 discloses grant date, number of RSUs, vesting schedule, and one-for-one conversion, meeting disclosure expectations. There is no indication of accelerated vesting, performance conditions, or related-party transactions in this filing. The use of a power of attorney for signature is noted but common. Overall, this disclosure is routine and governed by standard plan terms as presented.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Skipworth Michael

(Last) (First) (Middle)

C/O WINGSTOP INC.

2801 N CENTRAL EXPRESSWAY, SUITE 1600

(Street)

DALLAS TX 75204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Wingstop Inc. [ WING ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/11/2025		A		45,505		(2)	(2)	Common Stock, par value $0.01 per share	45,505	$0	45,505	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.

2. The RSUs were granted on September 11, 2025 pursuant to the Wingstop Inc. 2024 Omnibus Incentive Plan. The RSUs vest on the fifth anniversary of the grant date.

Remarks:

	/s/ Albert G. McGrath by Power of Attorney	09/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Wingstop (WING) disclose in this Form 4 filing?

The filing reports a grant of 45,505 RSUs to Michael Skipworth dated September 11, 2025, which vest on September 11, 2030 and convert one-for-one into common stock.

Who is the reporting person on the Wingstop Form 4?

The reporting person is Michael Skipworth, who is identified as President and CEO and a director of Wingstop Inc.

How many shares will Michael Skipworth beneficially own after the transaction?

The Form 4 reports 45,505 shares beneficially owned following the reported grant of RSUs.

When do the RSUs granted to the CEO vest?

The RSUs vest on the fifth anniversary of the grant date, specifically September 11, 2030.

Under which plan were the RSUs granted?

The RSUs were granted under the Wingstop Inc. 2024 Omnibus Incentive Plan.