Wingstop (WING) CFO exercises RSUs while automatic tax withholding trims net shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wingstop Inc. SVP and Chief Financial Officer Alex Kaleida reported routine equity compensation activity. On March 7 and March 9, 2026, Kaleida exercised restricted stock units, converting a total of 1,009 RSUs into the same number of Wingstop common shares at a conversion price of $0.00 per share.
To cover tax obligations upon vesting, Wingstop automatically withheld 398 shares of common stock, valued at $229.17 and $224.28 per share in the respective transactions, as described in the footnotes. After these transactions, Kaleida directly holds 13,843 shares of Wingstop common stock, and the filing notes that the tax-related withholdings did not involve any investment decision by the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,009 shares exercised/converted
Mixed
6 txns
Insider
Kaleida Alex
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 571 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 571 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 225 | $224.28 | $50K |
| Exercise | Restricted Stock Units | 438 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 438 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 173 | $229.17 | $40K |
Holdings After Transaction:
Restricted Stock Units — 2,210 shares (Direct);
Common Stock, par value $0.01 per share — 14,068 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSUs") convert into common stock of 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 7, 2024 pursuant to the Wingstop Inc. 2015 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 9, 2023 pursuant to the Wingstop Inc. 2015 Omnibus Incentive Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
FAQ
What did Wingstop (WING) CFO Alex Kaleida report in this Form 4?
Alex Kaleida reported equity compensation activity, not open-market trades. He exercised restricted stock units into common shares on March 7 and March 9, 2026, with a portion of the resulting shares automatically withheld to satisfy tax obligations tied to the RSU vesting.
Were Kaleida’s Wingstop transactions open-market stock sales or purchases?
No, the activity reflects RSU vesting, exercises, and tax withholding, not open-market trades. The Form 4 classifies the main actions as derivative exercises and tax-withholding dispositions, with the footnotes emphasizing that the tax-related share withholdings occurred automatically.
What do the Form 4 footnotes reveal about Wingstop CFO’s RSUs?
The footnotes state the RSUs convert to common stock one-for-one and were granted under the Wingstop Inc. 2015 Omnibus Incentive Plan. They also explain that tax-withholding share dispositions occurred automatically upon RSU vesting, without any separate investment decision by the reporting person.