Kaleida Alex 4

What Happened
Alex Kaleida, Chief Financial Officer of Wingstop Inc. (WING), had performance-based restricted stock units (RSUs) vest in March 2026. A total of 1,009 RSUs converted into common stock (438 on 2026-03-07 and 571 on 2026-03-09). To satisfy tax withholding obligations, 173 shares (at $229.17 each) and 225 shares (at $224.28 each) were withheld—398 shares in total—representing approximately $90,109. The net increase in Kaleida’s shares from these vestings was 611 shares.

Key Details

• Transaction dates and prices:
  • 2026-03-07: 438 RSUs converted to 438 shares (conversion price $0.00); 173 shares withheld at $229.17 each = $39,646.
  • 2026-03-09: 571 RSUs converted to 571 shares (conversion price $0.00); 225 shares withheld at $224.28 each = $50,463.
• Shares involved: 1,009 shares issued on vesting; 398 shares withheld for taxes; net 611 shares retained by the reporting person.
• Footnotes: RSUs convert one-for-one into common stock (F1). The withheld shares reflect automatic tax withholding upon vesting of performance-based RSUs; no separate investment decision was made by the reporting person (F2). Grants were made 3/7/2024 (F3) and 3/9/2023 (F4); both grants vest in three equal annual installments beginning on the first anniversary of the grant.
• Filing: Form 4 filed 2026-03-10 covering the 3/7 and 3/9 vesting events.

Context
This was a routine RSU vesting with automatic share withholding to cover tax liabilities (a common cashless settlement method), not an open-market sale or purchase decision. Transaction codes on the Form 4: M = exercise/conversion of a derivative (RSU conversion here), F = payment of exercise price or tax liability (share withholding). Such withholding transactions are typically administrative and do not, by themselves, indicate the insider’s market sentiment.