Wingstop (WING) SVP McGrath reports RSU conversion and 250-share tax withholding
Rhea-AI Filing Summary
Wingstop Inc. senior vice president and general counsel Albert G. McGrath reported equity award activity involving restricted stock units and common shares. On March 6, 2026, 681 restricted stock units were converted into 681 shares of common stock, reflecting the one-for-one RSU-to-share ratio.
Following this conversion, McGrath held 937 restricted stock units and 21,991 common shares directly. On the same date, 250 common shares were disposed of at $229.17 per share to satisfy tax liabilities triggered by the vesting of performance-based RSUs. The shares used for tax withholding were automatically withheld upon vesting, and the disclosure states that no investment decision was made by McGrath for this tax-withholding transaction.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with automatic tax withholding, limited directional signal.
The activity centers on RSU vesting and conversion into common stock for Wingstop’s senior legal officer. One block of 681 RSUs converted into the same number of common shares at no exercise price, consistent with standard equity compensation mechanics under the company’s 2024 Omnibus Incentive Plan.
A separate disposition of 250 shares at $229.17 per share was explicitly for tax withholding on performance-based RSUs. The footnote clarifies this withholding occurred automatically and involved no investment decision by the insider, which limits interpretation as a directional buy or sell signal.
The RSUs were granted on March 6, 2025 and vest in three equal annual installments beginning on the first anniversary of the grant date, indicating a multi-year incentive structure. Future installments will depend on continued service and plan terms, with subsequent vesting events likely generating similar non-discretionary tax-withholding transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 681 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 681 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 250 | $229.17 | $57K |
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 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.