Randall J. Garutti - Mar 15, 2022 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Randall J. Garutti
Stock symbol: SHAK
Transactions as of: Mar 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/17/2022, 06:33 PM
Previous filing: Mar 3, 2022
Next filing: Jun 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHAK	CLASS A COMMON STOCK	Award	$0	+13.1K	+16.9%	$0.00	90.8K	Mar 15, 2022	Direct	F1

* 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. Garutti 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, Mr. Garutti 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.

Content

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Garutti 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, Mr. Garutti 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.