Kapoor Raj 4

What Happened
Raj Kapoor, Chief Operating Officer of Wingstop Inc. (WING), had 366 restricted stock units (RSUs convert one-for-one) vest and convert into 366 common shares on March 7, 2026. Of those, 145 shares were automatically withheld to cover tax liabilities at an implied value of $229.17 per share, totaling $33,230. The net result was 221 shares issued to Kapoor (366 vested − 145 withheld).

Key Details

• Transaction date: March 7, 2026.
• Vested/converted: 366 RSUs → 366 common shares (reported as derivative conversion, code M).
• Tax withholding: 145 shares withheld (code F) at $229.17/share = $33,230; withholding was automatic per filing.
• Net new shares to insider: +221 shares after withholding.
• Footnotes: F1: RSUs convert 1:1 to common stock. F2: Withholding occurred automatically upon vesting (no investment decision). F3: These RSUs were granted March 7, 2024 under the 2015 Omnibus Incentive Plan and vest in three equal annual installments beginning on the first anniversary.
• Filing timeliness: No late filing (no "L" timeliness flag) indicated in the provided data.

Context
This was an RSU vesting event with automatic tax withholding — not an open-market sale or purchase. Such withholding is routine and does not necessarily signal insider sentiment. The filing shows conversion of a derivative (the RSU) into shares and the related withholding to satisfy taxes (a non-discretionary disposition).