Form 4: Shake Shack CFO Katherine Fogertey Reports Stock Transactions
SEC Form 4 Filing
Katherine Fogertey, CFO of Shake Shack Inc., reports the acquisition and disposal of Class A Common Stock related to restricted stock units.
Summary
- On March 1, 2024, Katherine Fogertey, CFO of Shake Shack Inc., acquired 3,497 shares of Class A Common Stock underlying restricted stock units.
- These restricted stock units vest in four equal installments annually starting March 1, 2025, contingent upon continued service.
- Fogertey also disposed of 932 and 924 shares of Class A Common Stock on March 1, 2024, to cover tax obligations related to vesting restricted stock units from grants in 2023 and 2022 respectively.
- Following these transactions, Fogertey beneficially owns 40,664 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, indicating a neutral sentiment.
Positives
- The acquisition of restricted stock units aligns the CFO's interests with the long-term performance of the company.
Future Outlook
The reported transactions reflect ongoing compensation and equity ownership adjustments for the CFO, with future vesting dates tied to continued service.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track ownership changes and potential alignment with company performance.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of previous restricted stock unit acquisition by Ms. Fogertey. |
| 03/01/2023 | Date of previous restricted stock unit acquisition by Ms. Fogertey. |
| 03/01/2024 | Date of restricted stock unit acquisition and stock disposal for tax obligations. |
| 03/01/2025 | First vesting date for the newly acquired restricted stock units. |
| 03/01/2026 | Second vesting date for the newly acquired restricted stock units. |
| 03/01/2027 | Third vesting date for the newly acquired restricted stock units. |
| 03/01/2028 | Final vesting date for the newly acquired restricted stock units. |
| 03/05/2024 | Form 4 filing date. |
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