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Wingstop Inc.·4

Mar 9, 8:36 PM ET

Kapoor Raj 4

Research Summary

AI-generated summary

Updated

Wingstop (WING) COO Raj Kapoor Receives RSU Award; Shares Withheld

What Happened

  • Raj Kapoor, Chief Operating Officer of Wingstop Inc. (WING), received a grant of 2,200 restricted stock units (RSUs on 2026-03-05) and had 681 RSUs convert/exercise into common shares on 2026-03-06. Of the converted/vested shares, 268 shares were withheld to cover tax liabilities at $229.17 per share, totaling about $61,418.
  • These transactions are awards and vesting/conversion events rather than open-market purchases or discretionary sales. The withholding was an automatic tax payment and not an independent sale decision by the insider.

Key Details

  • Transaction dates/prices:
    • 2026-03-05: Grant of 2,200 RSUs (code A) — $0 per share (award).
    • 2026-03-06: Exercise/conversion of 681 derivative units into common shares (code M) — $0 per share (conversion of RSUs).
    • 2026-03-06: 268 shares withheld for taxes (code F) at $229.17/share = $61,418 (automatic withholding).
  • Shares owned after the transactions: not specified in the filing.
  • Footnotes of note:
    • RSUs convert one-for-one into common stock.
    • Withholding of 268 shares occurred automatically to satisfy tax liabilities on vesting (no investment decision).
    • The March 5, 2026 RSUs were granted under Wingstop’s 2024 Omnibus Incentive Plan and vest in three equal annual installments beginning on the first anniversary of the grant.
    • A prior RSU grant (March 6, 2025) follows the same three-year vesting schedule and appears related to the conversion event.
  • Filing timeliness: Form 4 was filed on 2026-03-09 reporting transactions on 2026-03-05 and 03-06; this filing appears timely.

Context

  • These were compensation-related events (RSU grant and vesting) and a routine tax-withholding action, not an open-market sale or purchase. Share withholding to cover taxes is a common administrative action and does not necessarily indicate the insider’s market view.
  • For retail investors: awards and vesting show executive compensation and future potential dilution but are not the same signal as an insider buying or selling shares on the open market.