McGrath Albert G 4
4 · Wingstop Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Wingstop (WING) SVP General Counsel McGrath Receives RSUs; 1,977 Shares Withheld
What Happened
Albert G. McGrath, SVP General Counsel and Secretary of Wingstop (WING), had 6,418 performance-based RSUs convert into common stock on March 4, 2026 (reported on Form 4 filed March 6, 2026). The vested shares had an implicit value of about $1,536,084.12 at $239.34 per share. To cover tax withholding, 1,977 shares were withheld/disposed, generating proceeds of $473,175; the remaining 4,441 shares were delivered to McGrath (net value ≈ $1,062,909 at the same price).
Key Details
- Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely filing).
- Transactions reported: M = conversion/vesting of 6,418 performance RSUs (acquired at $0.00); F = 1,977 shares withheld/disposed for tax withholding at $239.34 per share (total $473,175).
- Gross value of vested shares ≈ $1,536,084.12; net shares received = 4,441 (≈ $1,062,909).
- Footnotes: grant made 3/9/2023 for 2,567 target RSUs with up to 250% payout; performance goals met at maximum, yielding 6,418 RSUs. RSUs convert 1:1 to common stock. Withholding occurred automatically to cover taxes (no active sale decision).
- Shares owned after transaction: not specified in the filing.
Context
This was a performance-based RSU vesting event (conversion of derivative), not an open-market purchase or voluntary sale. The withholding of shares to satisfy tax obligations is routine and does not necessarily indicate a discretionary sale decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01 per share
[F1][F2]2026-03-04+6,418→ 23,287 total - Tax Payment
Common Stock, par value $0.01 per share
[F3]2026-03-04$239.34/sh−1,977$473,175→ 21,310 total
Footnotes (3)
- [F1]On March 9, 2023, the Reporting Person was granted 2,567 performance-based restricted stock units ("RSUs") pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan . The performance-based RSUs vest based on the Issuer's satisfaction of certain performance criteria for the three-year period ended December 27, 2025, with the number that would vest upon maximum performance equal to 250% of the target number specified in the grant. The performance criteria were met at the maximum performance level, resulting in the vesting of 6,418 performance-based RSUs.
- [F2]RSUs convert into common stock on a one-for-one basis.
- [F3]Represents the number of shares withheld for the payment of tax liabilities in connection with the vesting of performance-based RSUs. The withholding of these shares occurred automatically upon the vesting of the RSUs, and as such, no investment decision was made by the Reporting Person in connection with this transaction.