Form 4: Wingstop CEO Michael Skipworth Reports Stock Transactions
SEC Form 4 Filing
Wingstop Inc. CEO Michael Skipworth reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Michael Skipworth, the President and CEO of Wingstop Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 2, 2024, 397 Restricted Stock Units (RSUs) vested and were converted into common stock.
- Also on March 2, 2024, 157 shares were withheld for the payment of tax liabilities related to the vesting of these RSUs at a price of $366.28.
- On March 3, 2024, 388 Restricted Stock Units (RSUs) vested and were converted into common stock.
- Also on March 3, 2024, 153 shares were withheld for the payment of tax liabilities related to the vesting of these RSUs at a price of $366.28.
- Following these transactions, Skipworth directly owns 17,582 shares of Wingstop Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Date the RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. |
| 03/03/2021 | Date the RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. |
| 03/02/2024 | Vesting of 397 Restricted Stock Units and withholding of 157 shares for tax liabilities. |
| 03/03/2024 | Vesting of 388 Restricted Stock Units and withholding of 153 shares for tax liabilities. |
| 03/04/2024 | Date of Form 4 filing. |
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