Wingstop (WING) CFO logs RSU vesting and automatic tax share withholding
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
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Insider Trade Summary
| 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 |
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?
How were the Wingstop (WING) performance-based RSUs structured for the CFO grant?
Do the Wingstop (WING) RSUs convert directly into common stock?