Flug Jeffrey 4

What Happened

• Jeffrey Flug, reported as a 10% owner of Shake Shack (SHAK), was granted 2,891 restricted stock units (RSUs) on June 10, 2026. The award is reported at a per-share value of $54.48, totaling $157,502. The RSUs represent the right to receive Class A common stock and were granted under the Issuer's 2025 Incentive Award Plan and Non-Employee Director Compensation Policy. These RSUs vest on June 10, 2027, subject to Flug’s continued service.

Key Details

• Transaction date and price: 2026-06-10, award of 2,891 RSUs at $54.48 per share (total $157,502). (Transaction code: A = Award/Grant)
• Vesting: RSUs vest on June 10, 2027, subject to continued service.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Form 4 was filed on 2026-06-12 (two days after the transaction), which is within the SEC’s two-business-day reporting window.
• Footnote: Award made pursuant to the 2025 Incentive Award Plan and the Non-Employee Director Compensation Policy.

Context

• These RSUs are a form of compensation (an award), not an open-market purchase or sale. They will convert into actual shares only if and when they vest, so they do not immediately change voting power or liquidity.
• As a 10% owner, Flug is a significant shareholder; this grant appears to be director/non-employee compensation rather than a personal market buy or sell and should be viewed as routine compensation rather than a direct bullish or bearish trading signal.