Wingstop (WING) CFO logs RSU vesting and automatic tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wingstop Inc. senior vice president and chief financial officer Alex Kaleida reported equity award activity involving company stock. On March 4, he acquired 6,418 common shares through the exercise and conversion of previously granted performance-based restricted stock units that vested at a maximum level after a three-year performance period.
On the same date, 1,985 shares of common stock were automatically withheld at a price of $239.34 per share to cover associated tax liabilities upon vesting, which the company notes involved no investment decision by Kaleida. Following these transactions, he directly held 12,695 Wingstop common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kaleida Alex
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock, par value $0.01 per share | 6,418 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 1,985 | $239.34 | $475K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 14,680 shares (Direct)
Footnotes (1)
- On March 9, 2023, the Reporting Person was granted 2,567 performance-based restricted stock units ("RSUs") pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan . The performance-based RSUs vest based on the Issuer's satisfaction of certain performance criteria for the three-year period ended December 27, 2025, with the number that would vest upon maximum performance equal to 250% of the target number specified in the grant. The performance criteria were met at the maximum performance level, resulting in the vesting of 6,418 performance-based RSUs. 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.
FAQ
What insider transactions did Wingstop (WING) CFO Alex Kaleida report?
Alex Kaleida reported acquiring 6,418 Wingstop common shares through the vesting and exercise of performance-based RSUs, and an automatic withholding of 1,985 shares to cover tax liabilities, all dated March 4, 2026, leaving him with 12,695 directly owned shares.
How were the Wingstop (WING) performance-based RSUs structured for the CFO grant?
The grant covered 2,567 performance-based RSUs awarded in March 2023, with vesting tied to Wingstop’s performance over a three-year period ending December 27, 2025. The performance criteria were achieved at the maximum level, resulting in 6,418 RSUs vesting and converting into common stock.
Do the Wingstop (WING) RSUs convert directly into common stock?
Yes. The filing states that Wingstop performance-based restricted stock units convert into common stock on a one-for-one basis. When performance conditions were met at the maximum level, 6,418 RSUs converted into an equal number of Wingstop common shares in the CFO’s direct ownership.