Fallon Christopher 4

What Happened

• Fallon Christopher, SVP & Chief Information Officer at Wingstop (WING), had 225 restricted stock units (RSUs) convert into 225 shares of common stock on March 7, 2026. Of those, 55 shares were automatically withheld to cover tax liabilities, valued at $229.17 per share (≈ $12,604). The remaining 170 shares were issued to the insider.
• This was an RSU vesting/conversion event (derivative conversion), not an open-market purchase or a voluntary sale. The withholding for taxes is a routine administrative step and does not indicate a discretionary sale by the insider.

Key Details

• Transaction date: 2026-03-07. Prices used for withholding: $229.17 per share.
• Transactions reported: conversion/exercise of derivative (M) — 225 shares acquired; tax withholding (F) — 55 shares withheld (disposed) for ~$12,604; net shares issued to insider ≈170.
• Shares owned after transaction: not reported on the Form 4.
• Relevant footnotes: F1 — RSUs convert one-for-one into common stock; F2 — the 55-share withholding was automatic to satisfy tax liabilities (no investment decision by the reporting person); F3 — RSUs were granted 3/7/2024 and vest in three equal annual installments beginning on the first anniversary of the grant.
• No 10b5-1 plan or late-filing flag is indicated on the provided filing details.

Context

• This is a routine equity compensation vesting event. The withholding of shares to cover taxes is common practice (similar to a cashless withholding) and should not be read as an intentional sale for liquidity or market-timing purposes.
• The RSU grant vests in annual tranches; this appears to be one installment of that multi-year grant.