Chefs' Warehouse (CHEF) CEO logs equity grants and tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chefs' Warehouse, Inc. President and CEO Christopher Pappas reported equity compensation and related tax-withholding transactions in company common stock. On February 24, 2026, he acquired 45,431 shares and 30,520 shares as stock grants at no cost, tied to the company’s equity incentive plan and performance conditions. On the same date, he disposed of 31,880 shares, and on February 25, 2026 he disposed of 1,689 shares, both as tax-withholding dispositions to cover obligations upon vesting, not open-market sales. Following these direct transactions, he held 2,332,851 common shares directly, plus 192,667 shares held indirectly through GRATs.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Pappas Christopher
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,689 | $72.12 | $122K |
| Grant/Award | Common Stock | 45,431 | $0.00 | -- |
| Tax Withholding | Common Stock | 31,880 | $72.42 | $2.31M |
| Grant/Award | Common Stock | 30,520 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,332,851 shares (Direct);
Common Stock — 192,667 shares (Indirect, By GRATs)
Footnotes (1)
- Shares acquired upon the certification of performance conditions applicable to performance-based restricted common stock awarded to the reporting person pursuant to the Plan. Shares withheld upon the vesting of performance-based restricted common stock awarded to the reporting person pursuant to the Plan. The reporting person was granted shares of restricted common stock pursuant to The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan (the "Plan"). The forfeiture restrictions associated with 17,953 of these shares will lapse in one-third increments as of the first through third anniversary dates of February 24, 2026. The forfeiture restrictions associated with 12,567 of these shares will lapse upon achievement of performance conditions based on the per-share price of the Issuer's common stock. Shares withheld upon the vesting of restricted common stock awarded to the reporting person pursuant to the Plan.
FAQ
What did CHEF CEO Christopher Pappas report in this Form 4 filing?
Christopher Pappas reported stock grants and tax-withholding share dispositions in Chefs' Warehouse common stock. He received two equity awards and had shares withheld to cover tax obligations tied to vesting of performance-based and time-based restricted stock under the company’s equity incentive plan.
What performance conditions apply to the new CHEF restricted stock awards?
Part of the new restricted stock vests based on performance conditions tied to Chefs' Warehouse’s per-share common stock price. Other shares have forfeiture restrictions that lapse in one-third increments on the first, second, and third anniversaries of February 24, 2026, if service and conditions are satisfied.
What role does the Chefs' Warehouse 2019 Omnibus Equity Incentive Plan play here?
All reported grants and vesting-related withholdings are tied to the Amended and Restated 2019 Omnibus Equity Incentive Plan. The plan governs performance-based awards, time-based restricted stock, vesting schedules, and share withholding mechanisms used to satisfy tax obligations on behalf of the CEO.