Zach Koff - 01 Mar 2022 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Role
Chief Operating Officer
Signature
/s/ Ronald Palmese Jr., Esq., Attorney-in-Fact for Zachary Koff
Issuer symbol
SHAK
Transactions as of
01 Mar 2022
Net transactions value
-$82,700
Form type
4
Filing time
03 Mar 2022, 17:45:24 UTC
Previous filing
20 May 2021
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHAK CLASS A COMMON STOCK Award $0 +9,986 +53% $0.000000 28,788 01 Mar 2022 Direct F1
transaction SHAK CLASS A COMMON STOCK Tax liability $33,499 -446 -1.5% $75.11 28,342 01 Mar 2022 Direct F2
transaction SHAK CLASS A COMMON STOCK Tax liability $25,988 -346 -1.2% $75.11 27,996 01 Mar 2022 Direct F3
transaction SHAK CLASS A COMMON STOCK Tax liability $23,213 -316 -1.1% $73.46 27,680 02 Mar 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Koff. On March 1, 2022, pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan"), Mr. Koff was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2023, March 1, 2024, March 1, 2025, and March 1, 2026, subject to Mr. Koff's continued service with the Issuer.
F2 Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff upon the Issuer's achievement of certain performance criteria for fiscal year 2019, as determined by the Issuer's Compensation Committee on February 28, 2020.
F3 Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 1, 2019 pursuant to the Issuer's 2015 Incentive Award Plan.
F4 Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 2, 2020 pursuant to the Issuer's 2015 Incentive Award Plan.