Skipworth Michael 4

What Happened

• Michael Skipworth, President, CEO and Director of Wingstop Inc. (WING), had 39,155 performance-based restricted stock units (RSUs vest) convert into common shares on March 4, 2026. These vested RSUs converted one-for-one into 39,155 shares (acquired at $0.00 per share).
• To cover tax withholding on the vesting, 14,902 of those shares were withheld/disposed at $239.34 per share, resulting in proceeds (value withheld) of $3,566,645. This was an automatic withholding to satisfy tax liabilities, not an open-market sale decision by the insider.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely filing).
• Acquired: 39,155 shares via conversion of performance-based RSUs (price $0.00).
• Disposed (withheld for taxes): 14,902 shares at $239.34, value $3,566,645.
• Shares owned after the transaction: Not specified in the filing.
• Relevant footnotes: RSUs were granted March 9, 2023, vesting based on three-year performance through Dec 27, 2025; performance achieved at maximum level (250% of target), producing the 39,155 vested RSUs. RSUs convert 1:1 to common stock. Withholding occurred automatically to pay taxes (no active sale decision).
• No indication of a 10b5-1 plan or late filing.

Context

• This was a vesting/conversion of performance RSUs and routine tax withholding — not an open-market sale or discretionary cashless sale. Such withholding transactions are common when equity awards vest and typically reflect tax obligations rather than a vote of confidence or sell-off by the insider.