Form 4: Chefs' Warehouse CFO James Leddy Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of Chefs' Warehouse, James Leddy, disposed of 1,231 shares of common stock on February 24, 2025, to cover tax obligations related to vesting restricted stock.
Summary
- On February 24, 2025, James Leddy, the Chief Financial Officer of Chefs' Warehouse, Inc., disposed of 1,231 shares of common stock.
- The transaction was executed at a price of $63.89 per share.
- The disposal was due to the withholding of shares to cover tax obligations related to the vesting of restricted common stock awarded under the company's 2019 Omnibus Equity Incentive Plan.
- Following the transaction, Leddy directly owns 144,358 shares of Chefs' Warehouse, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell 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 |
|---|---|
| 02/24/2025 | Date of transaction: James Leddy disposed of shares. |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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