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Wingstop Inc

For the period ended May 22, 2025. Filed Apr 3, 2025.

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About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 22, 2025 · Filed Apr 3, 2025

WING$163.28-1.5%Stored close · as of Nov 6, 2026
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Contents

Pay-for-Performance Alignment

Pay-for-Performance

Alignment

Our Board and management team demand operational excellence to deliver exceptional value to our customers and stakeholders, and our compensation programs are designed to align with the Company’s

pay-for-performance

compensation philosophy. Wingstop’s (i) operational performance over the last three years and (ii) stock price performance since our initial public offering, each as compared to the restaurant industry and S&P 500, are depicted below.

Wingstop’s History of Industry-Leading Operational Performance
RevenueGrowth 3-year compoundannual growth7.0% Restaurant IndustryPeer GroupMedian(1)6.3% General IndustryS&P 500 Median28.7%Wingstop’s revenue growth exceeds the median growth among restaurant peers and the S&P 500.Wingstop ranks highest among restaurant industry peers.
EBITDAGrowth(2)(3) 3-year compound annual growth5.2% Restaurant IndustryPeer GroupMedian(1)6.4% General IndustryS&P 500 Median22.8%Wingstop’s EBITDA growth exceeds the median growth among restaurant industry peers and the S&P 500.
Net New Unit Growth 3-year cumulativenet new openings25 Restaurant IndustryPeer GroupMedian(1)N/A General IndustryS&P 500 Median832Wingstop’s net new unit growth exceeds the median growth among restaurant peers.Wingstop ranks highest among restaurant industry peers.
Market CapitalizationGrowth 3-year compound annual growth(2.1)% Restaurant IndustryPeer GroupMedian(1)5.5% General IndustryS&P 500 Median17.5%Wingstop’s market cap growth exceeds the median growth among restaurant industry peers and the S&P 500.Wingstop ranks highest among restaurant industry peers.

Third-Party Data Source: Operating and market performance derived from data as reported in Nasdaq Insights financial database. Nasdaq may adjust certain metrics for relative comparison purposes. These adjustments may or may not align with how each individual company, including Wingstop, reports its own performance on a GAAP or

non-GAAP

basis. References to the S&P 500 reflect median performance of index constituents based on available public information as of the closest fiscal year end as of March 6, 2025, each on an equal-weight basis.

(1)Restaurant Industry Peer Group includes: BJ’s Restaurants, Inc., Bloomin’ Brands, Inc., Brinker International, Inc., Darden Restaurants, Inc., Denny’s Corporation, Dine Brands Global, Inc., Domino’s Pizza, Inc., Jack in the Box Inc., Papa John’s International, Inc., Shake Shack Inc., Texas Roadhouse, Inc., The Cheesecake Factory Incorporated, and The Wendy’s Company.
(2)We define EBITDA as net income before interest expense, net, income tax expense (benefit), and depreciation and amortization. See Appendix I for a reconciliation of EBITDA, a non-GAAP financial measure, to net income as reported under GAAP.

WINGSTOP INC. 2025 PROXY STATEMENT | 57

(3)Net income 3-year compound annual growth over the same period is as follows: (i) 11.7% for the Restaurant Industry Peer Group Median, (ii) 4% for the General Industry S&P 500 Median and (iii) 36.6% for Wingstop’s net income growth.
Wingstop’s History of Best in Class Shareholder Returns
Wingstop’s common stock has delivered best in class stockholder returns since its IPO, as demonstrated by its performance relative to its compensation peer group and broader restaurant and general industry competitors. The graph shows the cumulative total stockholder return on our common stock for the period starting on June 17, 2015 and ending on December 31, 2024. This is compared with the cumulative total returns over the same period of the peer group average, S&P 500 Index, the S&P MidCap 400 Index, and the Russell 1000 Index.
The graph assumes that, on June 17, 2015, $100 was invested in our common stock and in each of the comparator groups, with dividends reinvested on the ex-dividend date without consideration for withholding taxes. Wingstop’s total return value ($930) as of December 31, 2024, is above each of the peer group average ($181), S&P 500 ($282), S&P MidCap 400 ($206), and Russell 1000 ($277) comparators over that same period. Source: Nasdaq and Bloomberg’s financial database. The indices are included for illustrative and comparative purposes only. They do not necessarily reflect management’s opinion that such indices are an appropriate measure of the relative performance of our common stock, and historical stock price performance should not be relied upon as an indication of future stock price performance.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.