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, CEO of Wingstop Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 6, 2025, 3,898 restricted stock units (RSUs) vested and converted into common stock.
- Also on May 6, 2025, 1,534 shares were withheld for the payment of tax liabilities related to the vesting of the RSUs at a price of $266.85.
- Following these transactions, Skipworth directly owns 54,576 shares of Wingstop Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/06/2022 | Date the RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan |
| 05/06/2025 | Date of RSU vesting and tax withholding. |
| 05/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Wingstop Inc., Michael Skipworth, Restricted Stock Units, Beneficial Ownership, Stock Transactions, WING
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