Marisa Carona - Feb 24, 2023 Form 4 Insider Report for Wingstop Inc. (WING)

Role
SVP & Chief US Franchise Ops
Signature
/s/ Albert G. McGrath by Power of Attorney
Stock symbol
WING
Transactions as of
Feb 24, 2023
Transactions value $
-$762,899
Form type
4
Date filed
2/27/2023, 04:32 PM
Previous filing
Feb 23, 2023
Next filing
Mar 6, 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 Options Exercise $51.1K +684 +20.62% $74.77 4K Feb 24, 2023 Direct
transaction WING Common Stock, par value $0.01 per share Sale -$116K -684 -17.1% $170.10 3.32K Feb 24, 2023 Direct
transaction WING Common Stock, par value $0.01 per share Options Exercise $60.6K +484 +14.59% $125.11 3.8K Feb 24, 2023 Direct
transaction WING Common Stock, par value $0.01 per share Sale -$82.3K -484 -12.73% $170.10 3.32K Feb 24, 2023 Direct
transaction WING Common Stock, par value $0.01 per share Sale -$564K -3.32K -100% $170.10 0 Feb 24, 2023 Direct

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 Employee Stock Option (right to buy) Options Exercise -$51.1K -684 -50% $74.77 684 Feb 24, 2023 Common Stock, par value $0.01 per share 684 $74.77 Direct F1, F2
transaction WING Employee Stock Option (right to buy) Options Exercise -$60.6K -484 -33.31% $125.11 969 Feb 24, 2023 Common Stock, par value $0.01 per share 484 $125.11 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price of this stock option was originally $83.77 per share but was reduced to $74.77 per share to reflect the impact of special dividends paid to our stockholders.
F2 On March 4, 2020, the Reporting Person was granted an option to purchase 2,052 shares of common stock pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan (the "Plan"). The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the date of grant.
F3 The exercise price of this stock option was originally $129.11 per share but was reduced to $125.11 per share to reflect the impact of special dividends paid to our stockholders.
F4 On March 3, 2021, the Reporting Person was granted an option to purchase 1,453 shares of common stock pursuant to the Plan. The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the date of grant.