Wingstop (WING) SVP gains stock from 6,418 RSUs, withholds 1,977 shares for taxes
Rhea-AI Filing Summary
Wingstop Inc. senior vice president and general counsel Albert G. McGrath reported equity compensation activity involving performance-based restricted stock units (RSUs). On March 4, he acquired 6,418 shares of common stock at $0.00 per share through the exercise or conversion of vested RSUs, bringing his direct holdings to 23,287 shares immediately after that step.
In a related automatic tax-withholding transaction the same day, 1,977 shares were disposed of at $239.34 per share to cover tax liabilities tied to the RSU vesting, reducing his direct holdings to 21,310 shares. Footnotes state the RSUs were granted in 2023, vested at the maximum performance level for the three-year period ended December 27, 2025, and convert into common stock on a one-for-one basis. The tax-withholding disposition occurred automatically, and no investment decision was made by McGrath for that portion.
Positive
- None.
Negative
- None.
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 | 1,977 | $239.34 | $473K |
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 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.