Carona Marisa 4

What Happened
Marisa Carona, Senior Vice President of Wingstop Inc. (WING), had restricted stock units (RSUs) convert into 937 shares on March 7 and March 9, 2026 (366 and 571 shares respectively). To cover tax liabilities, a total of 370 shares were withheld (145 on 3/7 at $229.17/share = $33,230; 225 on 3/9 at $224.28/share = $50,463), for aggregate withholding value of $83,693. The acquisitions show $0 per share because these were RSU vesting conversions (no cash paid to acquire the shares).

Key Details

• Transaction dates: March 7, 2026 (366 RSUs vested; 145 shares withheld at $229.17) and March 9, 2026 (571 RSUs vested; 225 shares withheld at $224.28).
• Total RSUs converted into shares: 937; total shares withheld for taxes: 370. Total withholding value reported: $83,693.
• Shares acquired via RSU conversion are recorded as $0 (code M = exercise/conversion of derivative); tax withholding recorded as disposition (code F).
• Footnotes: RSUs convert 1-for-1 into common stock; withholding was automatic upon vesting and not a discretionary sale (footnotes F1–F4). Grants originated March 7, 2024 and March 9, 2023 and vest in three equal annual installments.
• Shares owned after the transactions are not specified in this Form 4.

Context
These entries reflect routine RSU vesting and automatic tax-withholding (i.e., not open-market sales or purchases). For retail investors, vesting + withholding is administrative (converts compensation into stock and satisfies tax obligations) rather than a clear bullish or bearish trading signal.