Zach Koff - Mar 1, 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
Stock symbol
SHAK
Transactions as of
Mar 1, 2022
Transactions value $
-$82,700
Form type
4
Date filed
3/3/2022, 05:45 PM
Previous filing
May 20, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHAK CLASS A COMMON STOCK Award $0 +9.99K +53.11% $0.00 28.8K Mar 1, 2022 Direct F1
transaction SHAK CLASS A COMMON STOCK Tax liability -$33.5K -446 -1.55% $75.11 28.3K Mar 1, 2022 Direct F2
transaction SHAK CLASS A COMMON STOCK Tax liability -$26K -346 -1.22% $75.11 28K Mar 1, 2022 Direct F3
transaction SHAK CLASS A COMMON STOCK Tax liability -$23.2K -316 -1.13% $73.46 27.7K Mar 2, 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.