4//SEC Filing
Morrison Charles R 4
Accession 0001636222-21-000146
CIK 0001636222other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 5:15 PM ET
Size
12.1 KB
Accession
0001636222-21-000146
Insider Transaction Report
Form 4
Wingstop Inc.WING
Morrison Charles R
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2021-11-13+10,000→ 89,152 total - Sale
Common Stock, par value $0.01 per share
2021-11-15$168.93/sh−3,035$512,706→ 86,117 total - Sale
Common Stock, par value $0.01 per share
2021-11-15$169.72/sh−900$152,746→ 85,217 total - Exercise/Conversion
Restricted Stock Units
2021-11-13−10,000→ 30,000 total→ Common Stock, par value $0.01 per share (10,000 underlying)
Footnotes (6)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]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. This transaction was effected pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
- [F3]The shares were sold in multiple transactions at prices ranging from $168.50 to $169.47. 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.
- [F4]The transactions reported on rows 2 and 3 of this Table I represent approximately 2.2% of the reporting person's total holdings of common stock (including service-based options and service-based restricted stock units) on a pre-transaction basis, which represents 176,358 shares.
- [F5]The shares were sold in multiple transactions at prices ranging from $169.50 to $169.94. 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]On November 13, 2019, the reporting person was granted 40,000 performance-based RSUs pursuant to the Plan and would become earned based on the Issuer's satisfaction of the performance condition. On March 4, 2021, the performance condition was determined to have been satisfied during the Issuer's 2020 fiscal year, resulting in the RSUs being earned and non-forfeitable. The RSUs vest and convert into shares of common stock in four equal annual installments commencing on the second anniversary of the grant date, subject to service vesting conditions.
Documents
Issuer
Wingstop Inc.
CIK 0001636222
Entity typeother
Related Parties
1- filerCIK 0001390389
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 5:15 PM ET
- Size
- 12.1 KB