Chefs' Warehouse (CHEF) CEO trust gifts 21,819 shares to charity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chefs' Warehouse, Inc. President and CEO Christopher Pappas reported an insider stock gift rather than a market trade. A Grantor Retained Annuity Trust associated with him made a bona fide gift of 21,819 shares of common stock to a charitable trust on June 1, 2026.
After these changes, Pappas holds 2,205,480 shares directly and 24,793 shares indirectly through GRATs. The footnotes state that neither Pappas nor his family is a trustee of the charitable trust or controls its investment decisions.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,819 shares gifted
Mixed
2 txns
Insider
Pappas Christopher
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 21,819 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,793 shares (Indirect, By GRATs);
Common Stock — 2,205,480 shares (Direct, null)
Footnotes (1)
- On June 1, 2026, the Reporting Person's Grantor Retained Annuity Trust contributed 21,819 shares of the Issuer's common stock to a charitable trust. Neither the Reporting Person nor any member of the Reporting Person's family is a trustee of the trust, nor do they have control over the trust's investment decisions. Includes 16,027 shares of the Issuer's common stock which were previously owned indirectly. These shares were contributed to the Reporting Person by the Reporting Person's Grantor Retained Annuity Trust.
Key Figures
Gifted shares: 21,819 shares
Direct holdings after transaction: 2,205,480 shares
Indirect holdings after transaction: 24,793 shares
+1 more
4 metrics
Gifted shares
21,819 shares
Bona fide gift from GRAT to charitable trust on June 1, 2026
Direct holdings after transaction
2,205,480 shares
Common stock held directly by Christopher Pappas after reported changes
Indirect holdings after transaction
24,793 shares
Common stock held indirectly through Grantor Retained Annuity Trusts
Gift transactions
1 gift, 21,819 shares
TransactionSummary shows one bona fide gift disposition
Key Terms
Grantor Retained Annuity Trust, bona fide gift, indirect ownership, charitable trust
4 terms
Grantor Retained Annuity Trust financial
"the Reporting Person's Grantor Retained Annuity Trust contributed 21,819 shares"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"Includes 16,027 shares ... which were previously owned indirectly."
charitable trust financial
"contributed 21,819 shares of the Issuer's common stock to a charitable trust."