Carona Marisa 4

What Happened

• Marisa Carona, Senior Vice President of Wingstop (WING), had 6,418 performance-based RSUs convert into common shares on March 4, 2026 (reported on Form 4). The RSUs converted on a one-for-one basis and were issued at $0.00 (no cash exercise price).
• To cover tax withholding related to the vesting, 1,980 of those shares were withheld/disposed at an effective value of $239.34 per share, equal to $473,893. The withholding was automatic and not an open-market sale by the insider.

Key Details

• Transaction dates: March 4, 2026 (reported March 6, 2026).
• Conversion (code M): 6,418 shares acquired at $0.00 (result of vested performance RSUs).
• Tax withholding (code F): 1,980 shares withheld/disposed at $239.34/share for $473,893.
• Footnotes: RSUs were granted on March 9, 2023 as performance-based awards; performance conditions were met at the maximum level (250% of target), resulting in 6,418 vested RSUs. RSUs convert 1:1 to common stock. Withholding occurred automatically; no investment decision was made by the reporting person regarding the withheld shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on March 6, 2026 for a March 4, 2026 event (within the usual two-business-day Form 4 filing window).

Context

• This was a vesting of performance-based restricted stock units (not a market purchase). The only disposition was automatic tax withholding—common with RSU vesting—rather than an intentional sale by the insider.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding).