Form 4: Wingstop CFO Alex Kaleida Reports Stock Transactions
SEC Form 4 Filing
Alex Kaleida, SVP and CFO of Wingstop Inc., reported the acquisition and disposal of common stock and restricted stock units related to vesting and tax liabilities.
Summary
- On March 2, 2024, Alex Kaleida, the SVP and CFO of Wingstop Inc., reported transactions involving common stock and restricted stock units (RSUs).
- Kaleida acquired 216 shares of common stock through the conversion of RSUs at a price of $0.
- 60 shares were disposed of to cover tax liabilities at a price of $366.28 per share.
- Following these transactions, Kaleida directly owns 3,718 shares of common stock.
- On March 3, 2024, Kaleida acquired 142 shares of common stock through the conversion of RSUs at a price of $0.
- 35 shares were disposed of to cover tax liabilities at a price of $366.28 per share.
- Following these transactions, Kaleida directly owns 3,825 shares of common stock.
- The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for executives to receive stock-based compensation and subsequently sell shares to cover tax obligations.
Comparison to Industry Standards
- Form 4 filings are standard practice across publicly traded companies, including competitors like Domino's Pizza (DPZ) and McDonald's (MCD).
- The vesting schedules and tax withholding practices described are typical for RSU grants in executive compensation packages.
- The reported transactions are similar to those seen in filings by executives at comparable companies.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/03/2021 | Date of RSU grant pursuant to the Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/02/2022 | Date of RSU grant pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/02/2024 | Transaction date: Acquisition of 216 shares via RSU conversion and disposal of 60 shares for tax liabilities. |
| 03/03/2024 | Transaction date: Acquisition of 142 shares via RSU conversion and disposal of 35 shares for tax liabilities. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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