Form 4: Wingstop SVP Donnie Upshaw Reports Stock Transactions
SEC Form 4
Donnie Upshaw, SVP Corp Restaurants & CPO of Wingstop Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax liabilities.
Summary
- On March 2, 2025, Donnie Upshaw, SVP Corp Restaurants & CPO of Wingstop Inc., reported transactions involving Wingstop common stock.
- 230 restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis.
- 91 shares were sold at a price of $234.78 to cover tax liabilities associated with the vesting of the RSUs.
- Following these transactions, Upshaw directly owns 7,903 shares of Wingstop common stock.
- The RSUs were granted on March 2, 2022, under the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan and vest in three equal annual installments beginning on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Insider trading activity is a normal part of the stock market. Form 4 filings are required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Date the RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan |
| 03/02/2025 | Date of RSU vesting and stock sale. |
| 03/04/2025 | Date of report filing. |
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