Form 4: Wingstop SVP Raj Kapoor Reports Stock Transactions
SEC Form 4 Filing
Raj Kapoor, SVP and President of International at Wingstop Inc., reports the vesting of restricted stock units and subsequent withholding of shares for tax liabilities.
Summary
- On May 1, 2024, Raj Kapoor, SVP and President of International at Wingstop Inc., had restricted stock units (RSUs) vest, converting into 704 shares of common stock.
- Simultaneously, 172 shares were withheld for the payment of tax liabilities related to the vesting of these RSUs at a price of $383.98 per share.
- Following these transactions, Kapoor directly owns 532 shares of Wingstop Inc.
- Kapoor also owns 1,410 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2023 | Date the RSUs were granted pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. |
| 05/01/2024 | Date of the reported transaction: vesting of RSUs and withholding of shares for tax liabilities. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.