Zach Koff - 01 Mar 2023 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 2023
Net transactions value
-$111,280
Form type
4
Filing time
03 Mar 2023, 15:49:21 UTC
Previous filing
06 Feb 2023
Next filing
17 Mar 2023
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 +10,076 +32% $0.000000 41,161 01 Mar 2023 Direct F1
transaction SHAK CLASS A COMMON STOCK Tax liability $22,143 -388 -0.94% $57.07 40,773 01 Mar 2023 Direct F2
transaction SHAK CLASS A COMMON STOCK Tax liability $19,632 -344 -0.84% $57.07 40,429 01 Mar 2023 Direct F3
transaction SHAK CLASS A COMMON STOCK Tax liability $51,420 -901 -2.2% $57.07 39,528 01 Mar 2023 Direct F4
transaction SHAK CLASS A COMMON STOCK Tax liability $18,085 -316 -0.8% $57.23 39,212 02 Mar 2023 Direct F5
* 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, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, 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, 2024, March 1, 2025, March 1, 2026 and March 1, 2027, 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, as amended.
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 1, 2022 pursuant to the Issuer's 2015 Incentive Award Plan, as amended.
F5 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, as amended.