4//SEC Filing
MARSCH DARRYL R. 4
Accession 0001636222-19-000063
CIK 0001636222other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 8:37 PM ET
Size
14.3 KB
Accession
0001636222-19-000063
Insider Transaction Report
Form 4
Wingstop Inc.WING
MARSCH DARRYL R.
See Remarks
Transactions
- Sale
Common Stock, par value $0.01 per share
2019-03-07$65.60/sh−769$50,450→ 7,505 total - Award
Restricted Stock Units
2019-03-06+2,506→ 2,506 totalExercise: $0.00→ Common Stock, par value $0.01 per share (2,506 underlying) - Award
Employee Stock Option (right to buy)
2019-03-06+1,405→ 2,809 totalExercise: $20.48Exp: 2026-08-03→ Common Stock, par value $0.01 per share (1,405 underlying) - Award
Common Stock, par value $0.01 per share
2019-03-06+1,901→ 7,025 total - Award
Common Stock, par value $0.01 per share
2019-03-06+1,249→ 8,274 total
Footnotes (8)
- [F1]On February 28, 2017, the reporting person was granted 5,703 performance-based restricted stock units ("RSUs") pursuant to the Issuer's 2015 Omnibus Incentive Compensation Plan (the "Plan"). The performance-based RSUs vest in three equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2017, 2018 and 2019. The performance criteria for 2018 were met, resulting in the vesting of 1,901 performance-based RSUs.
- [F2]RSUs convert into common stock on a one-for-one basis.
- [F3]On February 20, 2018, the reporting person was granted 3,748 performance-based RSUs pursuant to the Plan. The performance-based RSUs vest in three equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2018, 2019 and 2020. The performance criteria for 2018 were met, resulting in the vesting of 1,249 performance-based RSUs.
- [F4]Represents shares sold in the open market, the proceeds of which were used to pay the tax withholding obligations incurred upon the vesting of RSUs.
- [F5]The shares were sold in multiple transactions at prices ranging from $65.00 to $65.96. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F6]The RSUs were granted on March 6, 2019 pursuant to the Plan and will vest in three equal annual installments beginning on the first anniversary of the grant date.
- [F7]The exercise price has been reduced to $20.48 to reflect the impact of dividends paid to the Issuer's stockholders.
- [F8]On August 3, 2016, the reporting person was granted an option to purchase 5,618 shares of common stock. The option vests in four equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2017, 2018, 2019 and 2020. The performance criteria for 2018 were met, resulting in vesting of 1,405 shares.
Documents
Issuer
Wingstop Inc.
CIK 0001636222
Entity typeother
Related Parties
1- filerCIK 0001432387
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 8:37 PM ET
- Size
- 14.3 KB