Form 4 for WING Wingstop Inc.
Accepted 2022-02-17 00:00:00 ET · period of report 2022-02-15 · accession 0001636222-22-000014 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-02-17 | 2022-02-16 | WING | Skipworth Michael | Pres, COO | S - Sale | $150.34 | -356 | 14.1K | -2% | -$53.5K |
| 2022-02-17 | 2022-02-15 | WING | Skipworth Michael | Pres, COO | A - Grant | $0.00 | +1,291 | 14.5K | +10% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.01 per share | 2022-02-16 | S | D | 16 | $155.31 | 14,452 | D | — | — | (F3) Represents shares sold in the open market, the proceeds of which were used to pay the tax withholding obligations incurred upon the vesting of RSUs. This transaction was effected pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transaction. (F4) The transactions reported on rows 2 through 3 of this Table I represent approximately 1.3% of the reporting person's total holdings of common stock (including service-based options and service-based restricted stock units) on a pre-transaction basis, which represents 27,957 shares. |
| 2 | Common | Common Stock, par value $0.01 per share | 2022-02-16 | S | D | 340 | $150.11 | 14,112 | D | — | — | (F3) Represents shares sold in the open market, the proceeds of which were used to pay the tax withholding obligations incurred upon the vesting of RSUs. This transaction was effected pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transaction. (F5) The shares were sold in multiple transactions at prices ranging from $150.0100 to $150.3000. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. |
| 3 | Common | Common Stock, par value $0.01 per share | 2022-02-15 | A | A | 1,291 | $0.00 | 14,468 | D | — | — | (F1) On March 6, 2019, the reporting person was granted 3,872 performance-based restricted stock units ("RSUs") pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan (the "Plan"). The performance-based RSUs vest in three equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2019, 2020 and 2021. The performance criteria for 2021 were met, resulting in the vesting of 1,291 performance-based RSUs. (F2) RSUs convert into common stock on a one-for-one basis. |