4//SEC Filing
MARSCH DARRYL R. 4
Accession 0000899243-18-005119
CIK 0001636222other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 6:01 PM ET
Size
14.9 KB
Accession
0000899243-18-005119
Insider Transaction Report
Form 4
Wingstop Inc.WING
MARSCH DARRYL R.
See Remarks
Transactions
- Sale
Common Stock, par value $0.01 per share
2018-02-20$44.03/sh−547$24,084→ 1,354 total - Award
Employee Stock Option (right to buy)
2018-02-20+1,404→ 1,404 totalExercise: $23.53Exp: 2026-08-03→ Common Stock (1,404 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2018-02-20+1,901→ 1,901 total - Exercise/Conversion
Restricted Stock Units
2018-02-20−1,901→ 3,802 totalExp: 2027-02-28→ Common Stock (1,901 underlying) - Award
Restricted Stock Units
2018-02-20+3,747→ 3,747 totalFrom: 2019-02-20Exp: 2028-02-20→ Common Stock (3,747 underlying)
Footnotes (6)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Represents shares withheld by Wingstop Inc. (the "Issuer") to cover estimated taxes arising from the settlement of restricted stock units.
- [F3]On February 28, 2017, the reporting person was granted 5,703 performance-based restricted stock units pursuant to the Issuer's 2015 Omnibus Incentive Compensation Plan (the "Plan"). The performance-based restricted stock units vest in three equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2017, 2018 and 2019. The performance criteria for 2017 were met, resulting in the vesting of 1,901 restricted stock units.
- [F4]The exercise price of this stock option was originally $26.70 per share. Pursuant to the terms of the Plan, the Compensation Committee reduced the exercise price of all outstanding options under the Plan by $3.17, the amount of the special cash dividend paid by the Issuer on February 14, 2018. As a result, the option exercise price of $26.70 was reduced to an exercise price of $23.53. The other terms of the options remain unchanged.
- [F5]On August 3, 2016, the reporting person was granted an option to purchase 5,618 shares of common stock. The option vests in four equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2017, 2018, 2019 and 2020. The performance criteria for 2017 were met, resulting in vesting of 1,404 shares.
- [F6]The restricted stock units are granted pursuant to the Plan. The restricted stock units will vest in three equal annual installments beginning on the first anniversary of the grant date.
Documents
Issuer
Wingstop Inc.
CIK 0001636222
Entity typeother
Related Parties
1- filerCIK 0001432387
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 6:01 PM ET
- Size
- 14.9 KB