Form 4: Wingstop SVP Donnie Upshaw Reports Stock Transactions
SEC Form 4 Filing
Donnie Upshaw, SVP Corp Restaurants & CPO at Wingstop Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 9, 2024, Donnie Upshaw, SVP Corp Restaurants & CPO of Wingstop Inc., reported transactions involving Wingstop common stock.
- 570 restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis.
- 225 shares were withheld for the payment of tax liabilities related to the vesting of these RSUs at a price of $353.99 per share.
- Following these transactions, Upshaw directly owns 3,199 shares of common stock and 1,141 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/09/2023 | Date the RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan |
| 03/09/2024 | Date of RSU vesting and stock transactions. |
| 03/11/2024 | Date of report signature. |
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