Form 4: Wingstop Inc. Executive McGrath Exercises Options and Sells Shares
SEC Form 4
Wingstop's SVP, General Counsel, and Secretary, Albert G. McGrath, exercised stock options and sold shares in the open market on May 8, 2024.
Summary
- On May 8, 2024, Albert G. McGrath, SVP, General Counsel, and Secretary of Wingstop Inc., exercised stock options to acquire 1,506 shares of common stock at a price of $53.76 per share.
- Following the exercise, McGrath sold a total of 4,230 shares in the open market at weighted average prices ranging from $395.4708 to $397.77.
- These sales were executed to cover the exercise price and tax obligations associated with the option exercise.
- After these transactions, McGrath directly owns 8,170 shares of Wingstop Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover the associated costs.
Key Dates
| Date | Description |
|---|---|
| 03/23/2020 | Reporting person was granted an option to purchase 4,517 shares of common stock. |
| 05/08/2024 | McGrath exercised stock options and sold shares. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
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