Koff Zach 4
4 · Shake Shack Inc. · Filed Mar 17, 2022
Insider Transaction Report
Form 4
Shake Shack Inc.SHAK
Koff Zach
Chief Operating Officer
Transactions
- Tax Payment
CLASS A COMMON STOCK
2022-03-15$62.69/sh−174$10,908→ 31,085 total - Award
CLASS A COMMON STOCK
2022-03-15+3,935→ 31,615 total - Tax Payment
CLASS A COMMON STOCK
2022-03-15$62.69/sh−356$22,318→ 31,259 total
Footnotes (3)
- [F1]Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Koff upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022. On March 15, 2021, pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan"), Mr. Koff was awarded performance stock units that issue into restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025.
- [F2]Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff pursuant to the Issuer's Incentive Plan upon the Issuer's achievement of certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022.
- [F3]Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 15, 2022 pursuant to the Issuer's Incentive Plan.