Wingstop (WING) CEO receives RSU grant as shares withheld to cover taxes
Rhea-AI Filing Summary
Wingstop Inc. reported equity compensation activity for President and CEO Michael Skipworth. On March 5, 2026, he received a grant of 10,155 restricted stock units (RSUs) that vest in three equal annual installments under the Wingstop Inc. 2024 Omnibus Incentive Plan.
On March 6, 2026, 4,636 RSUs converted on a one-for-one basis into 4,636 shares of common stock at no exercise price. In connection with the vesting of performance-based RSUs, 1,825 shares of common stock were automatically withheld at $229.17 per share to cover tax liabilities, which the filing states did not involve an investment decision by Skipworth. After these transactions, he directly held 69,841 shares of common stock and 73,579 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,636 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 4,636 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 1,825 | $229.17 | $418K |
| Grant/Award | Restricted Stock Units | 10,155 | $0.00 | $0.00 |
Footnotes (4)
- F1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- F2. 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.
- F3. The RSUs were granted on March 5, 2026 pursuant to the Wingstop Inc. 2024 Omnibus Incentive Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
- F4. The RSUs were granted on March 6, 2025 pursuant to the Wingstop Inc. 2024 Omnibus Incentive Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
FAQ
What equity awards did Wingstop (WING) CEO Michael Skipworth receive in this Form 4?
How did the RSUs reported for Wingstop (WING) convert into common stock?
What are Michael Skipworth’s Wingstop (WING) holdings after these transactions?
How do the new RSUs for Wingstop (WING) CEO vest over time?
What does transaction code "F" mean in the Wingstop (WING) CEO Form 4?
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