Donnie Upshaw - Feb 21, 2023 Form 4 Insider Report for Wingstop Inc. (WING)

Signature
/s/ Albert G. McGrath by Power of Attorney
Stock symbol
WING
Transactions as of
Feb 21, 2023
Transactions value $
-$207,264
Form type
4
Date filed
2/23/2023, 04:51 PM
Previous filing
Sep 9, 2022
Next filing
Feb 27, 2023

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 +5.08K +162.5% $0.00 8.2K Feb 21, 2023 Direct F1, F2
transaction WING Common Stock, par value $0.01 per share Tax liability -$207K -1.25K -14.95% $166.21 7.1K Feb 21, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2020, the Reporting Person was granted 2,030 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 for the three-year period ended December 31, 2022, with the number that would vest upon maximum performance equal to 250% of the target number specified in the grant. The performance criteria were met at the maximum performance level, resulting in the vesting of 5,075 performance-based RSUs.
F2 RSUs convert into common stock on a one-for-one basis.
F3 Represents the number of shares withheld for the payment of tax liabilities in connection with the vesting of performance-based RSUs. The withholding of these shares occurred automatically upon the vesting of the RSUs, and as such, no investment decision was made by the Reporting Person in connection with this transaction.
F4 Includes 144 shares of common stock acquired under the Issuer's Employee Stock Purchase Plan on June 24, 2022.