Chefs' Warehouse (CHEF) COO has shares withheld to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chefs' Warehouse, Inc. director and Vice Chairman and COO John Pappas reported an insider transaction involving company common stock. On March 4, 2026, 2,742 shares were withheld at $62.52 per share to cover tax obligations upon the vesting of restricted stock granted under the Amended and Restated 2019 Omnibus Equity Incentive Plan. Following this tax-withholding disposition, he holds 769,575 shares directly and 400,000 shares indirectly through a single-member LLC tied to a grantor retained annuity trust for which he is the sole trustee and annuity beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pappas John
Role
Vice Chairman and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,742 | $62.52 | $171K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 769,575 shares (Direct);
Common Stock — 400,000 shares (Indirect, See footnote)
Footnotes (1)
- Shares withheld upon the vesting of restricted common stock awarded to the Reporting Person pursuant to The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan (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 transaction did Chefs' Warehouse (CHEF) report for John Pappas?
John Pappas reported a tax-withholding disposition of Chefs' Warehouse common stock. On March 4, 2026, 2,742 shares were withheld to satisfy tax obligations triggered by the vesting of restricted stock granted under the company’s 2019 Omnibus Equity Incentive Plan.
What is John Pappas’s role at Chefs' Warehouse, Inc. (CHEF)?
John Pappas is both a director and an officer of Chefs' Warehouse, serving as Vice Chairman and Chief Operating Officer. His dual leadership roles mean his equity transactions are closely monitored and must be reported publicly through regulatory filings like this Form 4.
How are John Pappas’s indirect CHEF holdings structured in this Form 4?
His indirect Chefs' Warehouse holdings are held by a single-member LLC. That LLC’s sole member is a grantor retained annuity trust established by John Pappas, where he serves as sole trustee and sole annuity beneficiary, giving him an indirect interest in 400,000 common shares.