Kaleida Alex 4

What Happened
Alex Kaleida, Chief Financial Officer of Wingstop Inc. (WING), had 6,418 performance-based RSUs vest on March 4, 2026. The RSUs converted one-for-one into common shares (reported as an exercise/conversion, code M) with an approximate total value of $1,536,084 based on the $239.34 per-share figure used for tax withholding. To satisfy tax obligations, 1,985 shares were automatically withheld (reported as a disposition, code F) at $239.34 per share for a tax withholding amount of $475,090.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026.
• Acquisition: 6,418 shares via vesting/conversion (code M) at $0.00 exercise price.
• Disposition for taxes: 1,985 shares withheld (code F) at $239.34/share = $475,090.
• Approximate value of vested shares: ~$1.54 million (6,418 × $239.34).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes: RSUs were granted Mar 9, 2023 as performance-based awards; performance goals were met at the maximum level (250% of target), RSUs convert one-for-one to common stock, and the share withholding was automatic to cover tax liabilities (no separate investment decision).
• Filing timeliness: Filing covers a Mar 4 transaction and was filed Mar 6; Form 4s are generally due within two business days.

Context
This was a vesting of performance RSUs (an award), not an open-market purchase or a voluntary sale. The withholding of shares to pay taxes is a routine, automatic settlement when equity awards vest and does not necessarily indicate any change in the insider’s market view.