Chipotle director granted 6,880 shares as compensation

Gutierrez Mauricio reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Gutierrez Mauricio reported acquisition or exercise transactions in this Form 4 filing.

Chipotle Mexican Grill Inc director Mauricio Gutierrez received a grant of 6,880 shares of common stock as compensation for board service from June 2026 through May 2027. The shares were awarded at $31.25 per share and are freely tradeable on the grant date, bringing his directly held stake to 42,432 shares.

Insider Trade Summary

Grant/Award: 6,880 shares

Grant/Award 1 txn

Insider Gutierrez Mauricio

Role Director

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

Holdings After Transaction: common stock — 42,432 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

Stock grant size: 6,880 shares Grant price per share: $31.25/share Shares held after grant: 42,432 shares

3 metrics

Stock grant size 6,880 shares Common stock granted as director compensation June 2026–May 2027

Grant price per share $31.25/share Value applied to director stock grant

Shares held after grant 42,432 shares Mauricio Gutierrez direct ownership following the transaction

Key Terms

2022 Stock Incentive Plan, stock grant, 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"

stock grant financial

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

A stock grant is an award of company shares given to an individual, often as part of compensation for employees or executives. It matters to investors because grants can change the number of shares outstanding (dilution) and signal how company leaders are being paid and motivated—think of it like receiving a slice of the company as part of your paycheck, which can affect ownership and future share supply.

freely tradeable financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Chipotle (CMG) director Mauricio Gutierrez report?

Director Mauricio Gutierrez reported receiving 6,880 Chipotle common shares as a stock grant. The award was granted under the 2022 Stock Incentive Plan as compensation for his board service from June 2026 through May 2027 and is freely tradeable on the grant date.

How many Chipotle (CMG) shares does Mauricio Gutierrez hold after this grant?

After the stock grant, Mauricio Gutierrez directly holds 42,432 Chipotle common shares. This figure reflects his updated ownership position following the award of 6,880 shares reported in the Form 4 as compensation for future director service under the 2022 Stock Incentive Plan.

What was the price per share for Mauricio Gutierrez’s Chipotle stock grant?

The stock grant to Mauricio Gutierrez was valued at $31.25 per Chipotle share. This price is disclosed in the Form 4 and applies to the 6,880 common shares he received as compensation for director service from June 2026 through May 2027.

What is the purpose of the Chipotle 2022 Stock Incentive Plan mentioned in the Form 4?

The 2022 Stock Incentive Plan is used to grant Chipotle equity awards as compensation. In this filing, Mauricio Gutierrez received 6,880 common shares under the plan for his service as a director covering June 2026 through May 2027, with the granted shares freely tradeable upon grant.

Are the Chipotle (CMG) shares granted to Mauricio Gutierrez subject to trading restrictions?

The filing states the granted Chipotle shares are freely tradeable on the grant date. This means the 6,880 common shares awarded to director Mauricio Gutierrez under the 2022 Stock Incentive Plan are not subject to vesting restrictions at the time of grant.

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

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Accepted by SEC EDGAR 06/12/2026 - 07:17 PM EDT 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^*

Gutierrez Mauricio

(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	42,432	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)