McGrath Albert G 4
Research Summary
AI-generated summary
Wingstop (WING) SVP Albert G. McGrath Receives RSUs (Vesting)
What Happened
- Albert G. McGrath, SVP, General Counsel and Secretary of Wingstop Inc. (WING), had 681 restricted stock units (RSUs convert one-for-one into common shares) vest on March 6, 2026. All 681 RSUs converted into common stock (reported as an M code conversion at $0.00). To cover tax liabilities, 250 of those shares were withheld/disposed (F code) at $229.17 per share, totaling $57,293. After withholding, McGrath retained a net 431 shares (431 × $229.17 ≈ $98,772).
Key Details
- Transaction date: March 6, 2026; Form 4 filed: March 9, 2026 (appears timely).
- Converted/acquired: 681 shares via RSU vesting (M code) at $0.00 acquisition price.
- Withheld/disposed for taxes: 250 shares at $229.17 each, total $57,293 (F code). The withholding occurred automatically; no separate investment decision was made by the reporting person (per footnote).
- Net shares received: 431 shares retained (681 vested − 250 withheld). Total shares owned after this filing are not specified in the Form 4.
- Grant and vesting: These RSUs were granted March 6, 2025 under the 2024 Omnibus Incentive Plan and vest in three equal annual installments beginning on the first anniversary (this was an installment vesting).
Context
- This was a routine RSU vesting and automatic tax withholding, not an open-market purchase or discretionary sale. The M code reflects conversion of RSUs into shares; the F code reflects shares withheld to satisfy tax obligations. Routine vesting/withholding transactions are common compensation events and do not by themselves indicate a buy/sell signal.