Form 4: Wingstop SVP Marisa Carona Reports Stock Transactions
SEC Filing
Marisa Carona, SVP & Chief US Franchise Operations at Wingstop Inc., reported the vesting of restricted stock units and subsequent tax withholding.
Summary
- Marisa Carona, a Senior Vice President at Wingstop Inc., filed a Form 4 detailing changes in her beneficial ownership of company stock.
- On March 9, 2024, 570 restricted stock units (RSUs) vested and converted into common stock.
- 225 shares were withheld to cover tax liabilities associated with the vesting of these RSUs at a price of $353.99 per share.
- Following these transactions, Carona directly owns 1,991 shares of common stock and 1,141 restricted stock units.
- The RSUs were granted on March 9, 2023, under the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan and vest in three equal annual installments.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard compensation practices at Wingstop.
Key Dates
| Date | Description |
|---|---|
| 03/09/2023 | Date the Restricted Stock Units (RSUs) were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. |
| 03/09/2024 | Date of RSU vesting and tax withholding. |
| 03/11/2024 | Date of Form 4 filing. |
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