Form 4: Wingstop SVP, Chief Brand Officer, Melissa K Cash, Reports Stock Transactions
SEC Form 4 Filing
Melissa K Cash, SVP, Chief Brand Officer of Wingstop Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 10, 2024, Melissa K Cash, SVP, Chief Brand Officer of Wingstop Inc., reported transactions involving Wingstop Inc. common stock.
- 467 Restricted Stock Units (RSUs) vested and converted into common stock on a one-for-one basis.
- 114 shares were withheld for the payment of tax liabilities in connection with the vesting of service-based RSUs at a price of $390.02 per share.
- Following these transactions, Cash directly owns 973 shares of Wingstop Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| October 28, 2022 | RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. |
| May 10, 2024 | Date of the reported transactions: vesting of RSUs and tax withholding. |
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