Chipotle director gets 6,880-share stock grant

Hickenlooper Robin S reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Hickenlooper Robin S reported acquisition or exercise transactions in this Form 4 filing.

Chipotle Mexican Grill director Robin S. Hickenlooper received a stock grant of 6,880 shares of common stock valued at $31.25 per share. The award was made under the Chipotle Mexican Grill, Inc. 2022 Stock Incentive Plan as compensation for board service from June 2026 through May 2027. The shares are freely tradeable on the grant date, and Hickenlooper now directly holds 50,292 shares of Chipotle common stock following this transaction.

Insights

Equity compensation analyst

Routine director equity grant with modest scale relative to total holdings.

Director Robin S. Hickenlooper received 6,880 Chipotle common shares as a board compensation grant at $31.25 per share, covering service from June 2026 through May 2027. The grant comes from the company’s 2022 Stock Incentive Plan and is immediately tradeable.

After the award, Hickenlooper directly holds 50,292 shares, so the new grant represents a minority portion of the visible position. As a compensation-related, non-market transaction, it carries limited signaling value about the director’s personal view of the stock.

Insider Trade Summary

Grant/Award: 6,880 shares

Grant/Award 1 txn

Insider Hickenlooper Robin S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	common stock	6,880	$31.25	$215K

Holdings After Transaction: common stock — 50,292 shares (Direct)

Footnotes (1)

1. F1. The reporting person received shares of common stock under the Chipotle Mexican Grill, Inc. 2022 Stock Incentive Plan as compensation for the reporting person's service as a director from June 2026 through May 2027. The shares are freely tradeable on the date of grant.

Key Figures

Shares granted: 6,880 shares Grant price: $31.25 per share Total holdings after grant: 50,292 shares

3 metrics

Shares granted 6,880 shares Director equity award under 2022 Stock Incentive Plan

Grant price $31.25 per share Value per share for June 2026–May 2027 director grant

Total holdings after grant 50,292 shares Robin S. Hickenlooper direct ownership after transaction

Key Terms

2022 Stock Incentive Plan, equity award, freely tradeable

3 terms

2022 Stock Incentive Plan financial

"received shares of common stock under the Chipotle Mexican Grill, Inc. 2022 Stock Incentive Plan as compensation"

equity award financial

"The reporting person received shares of common stock ... as compensation"

An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.

freely tradeable financial

"The shares are freely tradeable on the date of grant"

FAQ

What did Chipotle (CMG) director Robin S. Hickenlooper report in this Form 4?

Robin S. Hickenlooper reported receiving 6,880 shares of Chipotle common stock as an equity award. The grant compensates her board service from June 2026 through May 2027 under Chipotle’s 2022 Stock Incentive Plan and is not an open-market stock purchase.

At what price was Robin S. Hickenlooper’s Chipotle (CMG) stock grant valued?

The 6,880-share equity award to Robin S. Hickenlooper was valued at $31.25 per share. This value reflects the grant price used for the compensation award under Chipotle’s 2022 Stock Incentive Plan, rather than a discretionary market transaction by the director.

How many Chipotle (CMG) shares does Robin S. Hickenlooper hold after this grant?

After receiving the 6,880-share grant, Robin S. Hickenlooper directly holds 50,292 shares of Chipotle common stock. This total combines her existing holdings with the newly awarded shares disclosed in the Form 4 insider transaction report filed for this compensation event.

What is the purpose of the Chipotle 2022 Stock Incentive Plan grant to Robin S. Hickenlooper?

The grant provides equity compensation for Robin S. Hickenlooper’s service as a Chipotle director from June 2026 through May 2027. Rather than cash, she receives 6,880 freely tradeable common shares under the company’s 2022 Stock Incentive Plan as part of her board compensation package.

Are Robin S. Hickenlooper’s newly granted Chipotle (CMG) shares restricted?

The filing states that the granted shares are freely tradeable on the date of grant. This means Robin S. Hickenlooper’s 6,880-share award under the 2022 Stock Incentive Plan is not subject to additional trading restrictions beyond normal securities laws and company insider-trading policies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/12/2026 - 07:21 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hickenlooper Robin S

(Last) (First) (Middle)

C/O CHIPOTLE MEXICAN GRILL, INC.

610 NEWPORT CENTER DR., SUITE 1100

(Street)

NEWPORT BEACH CALIFORNIA 92660

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CHIPOTLE MEXICAN GRILL INC [ CMG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
common stock	06/11/2026		A		6,880(1)	A	$31.25	50,292	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person received shares of common stock under the Chipotle Mexican Grill, Inc. 2022 Stock Incentive Plan as compensation for the reporting person's service as a director from June 2026 through May 2027. The shares are freely tradeable on the date of grant.

	/s/ Lauren Assaf-Holmes, pursuant to power of attorney filed herewith	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)