Katherine Fogertey - Mar 1, 2023 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Signature
/s/ Ronald Palmese, Jr. Esq., Attorney-in-Fact for Katherine Fogertey
Stock symbol
SHAK
Transactions as of
Mar 1, 2023
Transactions value $
-$56,271
Form type
4
Date filed
3/3/2023, 03:47 PM
Previous filing
Jul 19, 2022
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHAK CLASS A COMMON STOCK Award $0 +10.1K +33.66% $0.00 40K Mar 1, 2023 Direct F1
transaction SHAK CLASS A COMMON STOCK Tax liability -$56.3K -986 -2.46% $57.07 39K Mar 1, 2023 Direct F2
* 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 Ms. Fogertey. On March 1, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Ms. Fogertey 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, 2024, March 1, 2025, March 1, 2026 and March 1, 2027, subject to Ms. Fogertey'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 Ms. Fogertey on March 1, 2022 pursuant to the Issuer's 2015 Incentive Award Plan, as amended.