Form 4: Wingstop Inc. Executive Marisa Carona Reports Stock Transactions
SEC Form 4 Filing
Marisa Carona, SVP & Chief US Franchise Ops at Wingstop Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 2, 2024, Marisa Carona, SVP & Chief US Franchise Ops at Wingstop Inc., reported transactions involving restricted stock units (RSUs) converting into common stock.
- 216 RSUs vested and converted to common stock, and 53 shares were withheld for tax liabilities at a price of $366.28.
- Following these transactions, Carona directly owns 2,235 shares of common stock.
- On March 3, 2024, 146 RSUs vested and converted to common stock, and 36 shares were withheld for tax liabilities at a price of $366.28.
- Following these transactions, Carona directly owns 2,345 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives holding company stock or equity-based compensation.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Wingstop Inc.
Key Dates
| Date | Description |
|---|---|
| 03/02/2021 | Grant date of RSUs that vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/02/2022 | Grant date of RSUs that vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/02/2024 | 216 Restricted Stock Units vested and converted to common stock; 53 shares withheld for tax liabilities. |
| 03/03/2024 | 146 Restricted Stock Units vested and converted to common stock; 36 shares withheld for tax liabilities. |
| 03/04/2024 | Date of Form 4 filing. |
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