Michael Skipworth - 03 Mar 2022 Form 4 Insider Report for Wingstop Inc. (WING)

Role
President and COO
Signature
/s/ Albert G. McGrath, as attorney-in-fact
Issuer symbol
WING
Transactions as of
03 Mar 2022
Net transactions value
-$123,013
Form type
4
Filing time
07 Mar 2022, 18:10:03 UTC
Previous filing
04 Mar 2022
Next filing
10 May 2022
SEC
View on sec.gov

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 +387 +2.7% $0.000000 14,499 03 Mar 2022 Direct F1
transaction WING Common Stock, par value $0.01 per share Sale $20,973 -155 -1.1% $135.31 14,344 04 Mar 2022 Direct F2, F3, F4
transaction WING Common Stock, par value $0.01 per share Sale $136 -1 -0.01% $136.11 14,343 04 Mar 2022 Direct F2
transaction WING Common Stock, par value $0.01 per share Options Exercise $0 +597 +4.2% $0.000000 14,940 04 Mar 2022 Direct F1
transaction WING Common Stock, par value $0.01 per share Options Exercise $0 +1,291 +8.6% $0.000000 16,231 06 Mar 2022 Direct F1
transaction WING Common Stock, par value $0.01 per share Sale $101,904 -748 -4.6% $136.24 15,483 07 Mar 2022 Direct F2, F5, 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 -387 -33% $0.000000 775 03 Mar 2022 Common Stock, par value $0.01 per share 387 Direct F1, F7
transaction WING Restricted Stock Units Options Exercise $0 -597 -50% $0.000000 597 04 Mar 2022 Common Stock, par value $0.01 per share 597 Direct F1, F8
transaction WING Restricted Stock Units Options Exercise $0 -1,291 -100% $0.000000* 0 06 Mar 2022 Common Stock, par value $0.01 per share 1,291 Direct F1, F9
* 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 $135.0300 to $135.9700. 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 and 3 of this Table I represent approximately 0.5% 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 32,453 shares
F5 The shares were sold in multiple transactions at prices ranging from $136.1300 to $136.4000. 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 This transaction represents approximately 2.3% 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 32,604 shares
F7 The RSUs were granted on March 3, 2021 pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan (the "Plan"). The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
F8 The RSUs were granted on March 4, 2020 pursuant to the Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
F9 The RSUs were granted on March 6, 2019 pursuant to the Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.