Home > Insider Trading > Filing (0001636222-21-000146)

Filing Details

Accession Number:: 0001636222-21-000146
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-16 17:15:37
Reporting Period:: 2021-11-13

Accepted Time:: 2021-11-16 17:15:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1636222	Wingstop Inc.	WING	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1390389	R Charles Morrison	C/O Wingstop Inc. 15505 Wright Brothers Drive Addison TX 75001	Chairman And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.01 Per Share	Acquisiton	2021-11-13	10,000	$0.00	89,152	No	4	M	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2021-11-15	3,035	$168.93	86,117	No	4	S	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2021-11-15	900	$169.72	85,217	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01 Per Share	Restricted Stock Units	Disposition	2021-11-13	10,000	$0.00	10,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
30,000			No	4	M	Direct

Footnotes

Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
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.
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.
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.
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.
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.