Chefs' Warehouse (CHEF) COO reports tax-withholding of vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chefs' Warehouse, Inc. director and executive John Pappas reported a tax-related share disposition tied to equity compensation. On February 28, 2026, 2,640 shares of common stock at $71.39 per share were withheld to cover taxes upon vesting of restricted stock under the company’s 2019 Omnibus Equity Incentive Plan. After this withholding, he directly holds 772,317 common shares and indirectly holds 400,000 additional shares through a single-member LLC linked to a grantor retained annuity trust for which he serves as 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 | 2,640 | $71.39 | $188K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 772,317 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 transaction did Chefs' Warehouse (CHEF) executive John Pappas report on this Form 4?
John Pappas reported a tax-withholding share disposition. On February 28, 2026, 2,640 Chefs' Warehouse common shares were withheld upon vesting of restricted stock granted under the company’s 2019 Omnibus Equity Incentive Plan to satisfy associated tax obligations.
What does the tax-withholding transaction code F mean in the Chefs' Warehouse (CHEF) Form 4?
Transaction code F shows shares withheld to pay taxes or exercise costs. In this case, 2,640 Chefs' Warehouse shares were withheld upon vesting of restricted common stock, rather than sold in the open market, to cover the reporting person’s tax liability.
What indirect Chefs' Warehouse (CHEF) holdings does John Pappas report on this Form 4?
The filing lists 400,000 Chefs' Warehouse common shares held indirectly. These shares are owned by a single-member LLC whose sole member is a grantor retained annuity trust established by John Pappas, where he is sole trustee and sole annuity beneficiary.
Does the Chefs' Warehouse (CHEF) Form 4 indicate any open-market buying or selling by John Pappas?
The reported transaction is a tax-withholding disposition, not an open-market trade. Shares were withheld upon vesting of restricted stock to satisfy tax obligations, with no separate buy or sell transaction in the market disclosed in this Form 4.