Chefs' Warehouse (CHEF) CAO logs 7,500-share sale plus new stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chefs' Warehouse, Inc. Chief Accounting Officer Tim McCauley reported several stock transactions in company common shares. The largest was an open-market sale of 7,500 shares at $70.00 per share on February 18, 2026, executed under a pre-established Rule 10b5-1 trading plan.
On February 24, 2026, he received stock grants totaling 7,698 shares at no cost, tied to performance certifications and new restricted stock awards, while 1,925 shares were withheld at $72.42 per share to cover tax liabilities. On February 25, 2026, an additional 410 shares were withheld at $72.12 per share for taxes. After these transactions, he directly owned 50,025 shares of Chefs' Warehouse common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,500 shares ($525,000)
Net Sell
5 txns
Insider
McCauley Tim
Role
Chief Accounting Officer
Sold
7,500 shs ($525K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 410 | $72.12 | $30K |
| Grant/Award | Common Stock | 3,501 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,925 | $72.42 | $139K |
| Grant/Award | Common Stock | 4,197 | $0.00 | -- |
| Sale | Common Stock | 7,500 | $70.00 | $525K |
Holdings After Transaction:
Common Stock — 50,025 shares (Direct)
Footnotes (1)
- The sale of shares was executed pursuant to a 10b5-1 plan put in place by the Reporting Person on March 13, 2025. Includes shares of the Issuer's common stock purchased pursuant to the The Chefs' Warehouse, Inc. Employee Stock Purchase Plan. 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 3,228 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 969 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 insider transactions did Chefs' Warehouse (CHEF) report for Tim McCauley?
Tim McCauley reported an open-market sale of 7,500 CHEF shares plus multiple stock grants and tax-withholding dispositions. The filing shows both equity awards and shares withheld to cover tax liabilities related to vesting and performance-based stock.
Were any of Tim McCauley’s Chefs' Warehouse (CHEF) transactions for tax withholding?
Yes. The filing shows 1,925 CHEF shares withheld at $72.42 per share and 410 shares withheld at $72.12 per share. These were used to satisfy tax liabilities upon vesting of restricted and performance-based stock.
What are the key terms of the new Chefs' Warehouse (CHEF) restricted stock granted to McCauley?
The filing states 3,228 shares of restricted stock vest in one-third increments on the first through third anniversaries of February 24, 2026. An additional 969 shares vest only if specified per-share stock price performance conditions are achieved.