Wingstop (WING) CEO receives RSU grant as shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
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
4,636 shares exercised/converted
Mixed
4 txns
Insider
Skipworth Michael
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,636 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 4,636 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 1,825 | $229.17 | $418K |
| Grant/Award | Restricted Stock Units | 10,155 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 73,579 shares (Direct);
Common Stock, par value $0.01 per share — 71,666 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 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. 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?
Michael Skipworth received a grant of 10,155 restricted stock units (RSUs) on March 5, 2026. The RSUs were granted under the Wingstop Inc. 2024 Omnibus Incentive Plan and will vest in three equal annual installments starting on the first anniversary of the grant date.
How did the RSUs reported for Wingstop (WING) convert into common stock?
On March 6, 2026, 4,636 RSUs converted into 4,636 shares of Wingstop common stock on a one-for-one basis at an exercise price of $0.00. This reflects the standard RSU settlement mechanism described in the filing’s footnotes.
What are Michael Skipworth’s Wingstop (WING) holdings after these transactions?
Following the reported transactions, Michael Skipworth directly held 69,841 shares of Wingstop common stock. He also held 73,579 restricted stock units (RSUs), reflecting his ongoing equity-based compensation and remaining unvested awards under the company’s incentive plan.
How do the new RSUs for Wingstop (WING) CEO vest over time?
The 10,155 RSUs granted on March 5, 2026 vest in three equal annual installments, starting on the first anniversary of the grant date. This structure ties compensation to continued service and long-term performance under the 2024 Omnibus Incentive Plan.
What does transaction code "F" mean in the Wingstop (WING) CEO Form 4?
Transaction code "F" indicates a tax-withholding disposition, where shares are withheld to satisfy tax obligations on vested equity awards. For Wingstop, 1,825 shares were withheld automatically, with the filing stating no separate investment decision by Michael Skipworth.