Charles R. Morrison - Mar 6, 2022 Form 4 Insider Report for Wingstop Inc. (WING)

Role
Chairman and CEO, Director
Signature
/s/ Albert G. McGrath, as attorney-in-fact
Stock symbol
WING
Transactions as of
Mar 6, 2022
Transactions value $
-$136,502
Form type
4
Date filed
3/7/2022, 06:07 PM
Previous filing
Mar 4, 2022

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 Options Exercise $0 +2.53K +3.37% $0.00 77.7K Mar 6, 2022 Direct F1
transaction WING Common Stock, par value $0.01 per share Sale -$21.8K -160 -0.21% $136.22 77.5K Mar 7, 2022 Direct F2, F3, F4
transaction WING Common Stock, par value $0.01 per share Sale -$81.6K -599 -0.77% $136.25 76.9K Mar 7, 2022 Direct F2, F5
transaction WING Common Stock, par value $0.01 per share Sale -$33.1K -241 -0.31% $137.32 76.7K Mar 7, 2022 Direct F2, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WING Restricted Stock Units Options Exercise $0 -2.53K -100% $0.00* 0 Mar 6, 2022 Common Stock, par value $0.01 per share 2.53K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Represents shares sold in the open market, the proceeds of which were used to pay the tax withholding obligations incurred upon the vesting of RSUs.
F3 The shares were sold in multiple transactions at prices ranging from $135.1400 to $136.1300. 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.
F4 The transactions reported on rows 2 through 4 of this Table I represent approximately 0.6% of the reporting person's total holdings of common stock (including service-based options, vested performance-based options and service-based restricted stock units) on a pre-transaction basis, which represents 181,503 shares.
F5 The shares were sold in multiple transactions at prices ranging from $136.1600 to $137.1450. 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.
F6 The shares were sold in multiple transactions at prices ranging from $137.1900 to $137.2000. 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 RSUs were granted on March 6, 2019 pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan (the "Plan") and will vest in three equal annual installments beginning on the first anniversary of the grant date.