Form 4: Chefs' Warehouse CEO Christopher Pappas Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Christopher Pappas, CEO of Chefs' Warehouse, disposed of shares to cover tax obligations related to the vesting of restricted stock.
Summary
- On March 4, 2025, Christopher Pappas, the President and CEO of Chefs' Warehouse, Inc., disposed of 4,139 shares of common stock to cover tax obligations.
- The shares were withheld upon the vesting of restricted common stock awarded to Mr. Pappas under the company's 2019 Omnibus Equity Incentive Plan.
- The transaction was executed at a price of $62.03 per share.
- Following the transaction, Mr. Pappas directly owns 2,234,079 shares of common stock and indirectly owns 290,352 shares through GRATs.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to dispose of shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: Christopher Pappas disposed of shares. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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