Chefs' Warehouse (CHEF) COO logs stock grants and tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chefs' Warehouse, Inc. Vice Chairman and COO John Pappas reported equity award activity and related tax share withholdings in company stock. On February 24, 2026, he acquired 24,967 and 16,773 shares of common stock as grants and performance-based awards at $0.00 per share under the company’s equity incentive plan.
On the same date, 20,421 shares were disposed of at $72.42 per share, and on February 25, 2026, another 1,292 shares were disposed of at $72.12 per share, both for tax-withholding purposes rather than open-market sales. After these transactions, he directly owned 774,957 shares of common stock and indirectly held 400,000 shares through a single-member LLC tied to a grantor retained annuity trust he established.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Pappas John
Role
Vice Chairman and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,292 | $72.12 | $93K |
| Grant/Award | Common Stock | 24,967 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,421 | $72.42 | $1.48M |
| Grant/Award | Common Stock | 16,773 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 774,957 shares (Direct);
Common Stock — 400,000 shares (Indirect, See footnotes)
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 9,866 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 6,907 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. Shares are held by a single member LLC the sole member of which is a grantor retained annuity trust established by the reporting person and of which the reporting person is the sole trustee and sole annuity beneficiary.
FAQ
What insider transactions did Chefs' Warehouse (CHEF) report for John Pappas?
Chefs' Warehouse reported that Vice Chairman and COO John Pappas received restricted stock grants and performance-based shares, and had shares withheld to satisfy tax obligations. These transactions involved common stock awards under the company’s equity plan, rather than open-market buying or selling of shares.
What do the performance-based Chefs' Warehouse (CHEF) awards to John Pappas require?
The filing notes that some shares were acquired upon certification of performance conditions, and others will vest based on stock price performance. For one grant, forfeiture restrictions on 9,866 shares lapse over three years, while 6,907 shares vest only if specified share-price performance conditions are achieved.