Zach Koff - 15 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
15 Mar 2022
Net transactions value
-$33,226
Form type
4
Filing time
17 Mar 2022, 18:31:15 UTC
Previous filing
03 Mar 2022
Next filing
18 Jul 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 +3,935 +14% $0.000000 31,615 15 Mar 2022 Direct F1
transaction SHAK CLASS A COMMON STOCK Tax liability $22,318 -356 -1.1% $62.69 31,259 15 Mar 2022 Direct F2
transaction SHAK CLASS A COMMON STOCK Tax liability $10,908 -174 -0.56% $62.69 31,085 15 Mar 2022 Direct F3
* 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 upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan"), Mr. Koff was awarded performance stock units that issue into restricted stock units representing 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 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025.
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 pursuant to the Issuer's Incentive Plan upon the Issuer's achievement of certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022.
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 15, 2022 pursuant to the Issuer's Incentive Plan.