Chefs' Warehouse (CHEF) CAO has 531 vested shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chefs' Warehouse, Inc. Chief Accounting Officer Tim McCauley reported an automatic share disposition related to equity compensation. On the vesting of restricted common stock under the company’s Amended and Restated 2019 Omnibus Equity Incentive Plan, 531 shares were withheld at $71.39 per share to cover tax obligations. After this tax-withholding disposition, McCauley directly held 49,494 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCauley Tim
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 531 | $71.39 | $38K |
Holdings After Transaction:
Common Stock — 49,494 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Chefs' Warehouse (CHEF) report for Tim McCauley?
Chefs' Warehouse reported an automatic tax-withholding disposition for Chief Accounting Officer Tim McCauley. When restricted stock vested under the company’s 2019 equity plan, 531 shares were withheld to satisfy tax obligations, rather than sold in an open-market transaction.
Does the Form 4 for Chefs' Warehouse (CHEF) show an open-market sale by the CAO?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were automatically withheld when restricted stock vested to cover tax liabilities, as permitted under Chefs' Warehouse’s 2019 Omnibus Equity Incentive Plan.
What plan governed the Chefs' Warehouse (CHEF) restricted stock vesting for this Form 4?
The restricted stock vesting was governed by The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan. Under this plan, 531 vested shares were withheld from Chief Accounting Officer Tim McCauley to satisfy tax obligations linked to the equity award.