Form 4: Shake Shack CFO Katherine Fogertey Reports Stock Transaction

Katherine Fogertey, CFO of Shake Shack Inc., reports the withholding of 1,589 shares of Class A Common Stock for taxes upon vesting of restricted stock units on July 15, 2024, leaving her with 38,427 shares.

Summary

• On July 15, 2024, Katherine Fogertey, the Chief Financial Officer of Shake Shack Inc., had 1,589 shares of Class A Common Stock withheld for taxes.
• This withholding occurred upon the vesting of restricted stock units previously granted to Ms. Fogertey under her employment agreement and the company's 2015 Incentive Award Plan.
• The shares were withheld at a price of $86.18 per share.
• Following this transaction, Ms. Fogertey beneficially owns 38,427 shares of Shake Shack's Class A Common Stock.
• The restricted stock units vest in five equal installments annually on July 15, from 2022 to 2026, contingent upon Ms. Fogertey's continued employment with Shake Shack.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
• It provides transparency to shareholders regarding executive stock ownership.

Key Dates