Michael Skipworth - Jul 27, 2021 Form 4 Insider Report for Wingstop Inc. (WING)

Signature
/s/ Albert G. McGrath, as attorney-in-fact
Stock symbol
WING
Transactions as of
Jul 27, 2021
Transactions value $
-$1,706,593
Form type
4
Date filed
7/29/2021, 05:10 PM
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WING Common Stock, par value $0.01 per share Award $0 +25.5K +193.52% $0.00 38.7K Jul 27, 2021 Direct F1, F2, F3
transaction WING Common Stock, par value $0.01 per share Sale -$77K -500 -1.29% $154.00 38.2K Jul 28, 2021 Direct F4, F5
transaction WING Common Stock, par value $0.01 per share Sale -$15.5K -100 -0.26% $155.23 38.1K Jul 28, 2021 Direct F4, F5
transaction WING Common Stock, par value $0.01 per share Sale -$78.4K -500 -1.31% $156.75 37.6K Jul 28, 2021 Direct F4, F5, F6
transaction WING Common Stock, par value $0.01 per share Sale -$161K -1.02K -2.71% $158.08 36.6K Jul 28, 2021 Direct F4, F5, F7
transaction WING Common Stock, par value $0.01 per share Sale -$309K -1.94K -5.3% $159.13 34.6K Jul 28, 2021 Direct F4, F5, F8
transaction WING Common Stock, par value $0.01 per share Sale -$288K -1.8K -5.2% $160.20 32.8K Jul 28, 2021 Direct F4, F5, F9
transaction WING Common Stock, par value $0.01 per share Sale -$416K -2.58K -7.86% $161.23 30.2K Jul 28, 2021 Direct F4, F5, F10
transaction WING Common Stock, par value $0.01 per share Sale -$308K -1.9K -6.28% $162.33 28.3K Jul 28, 2021 Direct F4, F5, F11
transaction WING Common Stock, par value $0.01 per share Sale -$53.4K -328 -1.16% $162.94 28K Jul 28, 2021 Direct F4, F5, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 5, 2018, the reporting person was granted 5,100 performance-based restricted stock units ("RSUs") pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan (the "Plan"). The performance-based RSUs vest based on the Issuer's satisfaction of certain performance criteria over a three-year performance period, and the number that would vest upon maximum performance would equal 500% of the target number specified in the grant. The performance criteria were met at the maximum performance level, resulting in the vesting of 25,500 performance-based RSUs.
F2 RSUs convert into common stock on a one-for-one basis.
F3 Includes 159 shares of common stock acquired under the Issuer's Employee Stock Purchase Plan on June 25, 2021.
F4 Represents shares sold in the open market, the proceeds of which were used to pay the tax withholding obligations incurred upon the vesting of performance-based RSUs. These transactions were effected pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transactions.
F5 The transactions reported on rows 2 through 10 of this Table I represent approximately 20.4% of the reporting person's total holdings of common stock (including service-based options and service-based restricted stock units) on a pre-transaction basis, which represents 52,166 shares.
F6 The shares were sold in multiple transactions at prices ranging from $156.4950 to $157.2600. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F7 The shares were sold in multiple transactions at prices ranging from $157.6200 to $158.5800. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F8 The shares were sold in multiple transactions at prices ranging from $158.6300 to $159.5800. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F9 The shares were sold in multiple transactions at prices ranging from $159.7200 to $160.6200. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F10 The shares were sold in multiple transactions at prices ranging from $160.7250 to $161.6650. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F11 The shares were sold in multiple transactions at prices ranging from $161.7450 to $162.6700. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F12 The shares were sold in multiple transactions at prices ranging from $162.7500 to $163.0000. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.