Form 4: Wingstop Inc. Executive Albert G. McGrath Reports Stock Transactions
SEC Form 4 Filing
Albert G. McGrath, SVP General Counsel and Secretary of Wingstop Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 9, 2024, Albert G. McGrath, SVP General Counsel and Secretary of Wingstop Inc., reported transactions involving Wingstop's common stock.
- Specifically, 570 restricted stock units (RSUs) vested and converted into common stock.
- Simultaneously, 225 shares were withheld to cover tax liabilities associated with the RSU vesting at a price of $353.99 per share.
- Following these transactions, McGrath directly owns 10,894 shares of Wingstop common stock and 1,141 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of RSUs is a common form of equity compensation.
Key Dates
| Date | Description |
|---|---|
| March 9, 2023 | Date the RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. |
| March 9, 2024 | Date of RSU vesting and tax withholding. |
| March 11, 2024 | Date of signature on the Form 4 filing. |
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