Form 4: Chefs' Warehouse CFO Leddy Reports Vesting-Related Stock Sale

Chefs' Warehouse Chief Financial Officer James Leddy reported a disposition of 1,754 shares of common stock for tax withholding purposes related to restricted stock vesting.

Summary

• James Leddy, Chief Financial Officer of Chefs' Warehouse, Inc. (CHEF), reported a transaction involving the company's common stock.
• On February 28, 2026, 1,754 shares of common stock were disposed of at a price of $71.39 per share.
• This disposition was due to shares being withheld for tax purposes upon the vesting of restricted common stock awarded to Mr. Leddy.
• The restricted stock award was made pursuant to The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan.
• Following this transaction, Mr. Leddy directly beneficially owns 135,057 shares of Chefs' Warehouse common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation plans involving restricted stock vesting and subsequent tax withholding, with no significant positive or negative implications for the company's outlook.

Positives

• The transaction reflects the vesting of previously awarded restricted stock, a standard component of executive compensation plans, indicating successful long-term incentive realization.
• CFO James Leddy maintains a substantial direct beneficial ownership of 135,057 shares of common stock after the transaction, demonstrating continued alignment with shareholder interests.

Negatives

• The disposition of 1,754 shares was solely for tax withholding purposes upon the vesting of restricted stock and does not represent a discretionary sale by the Chief Financial Officer, thus not signaling a lack of confidence.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves an insider (Chief Financial Officer James Leddy) disposing of shares to cover tax obligations arising from the vesting of restricted stock awarded under a company equity incentive plan.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes. The CFO's continued significant ownership may be viewed positively for alignment.
• Employees: No direct impact on general employees.

Key Dates

Keywords

Chefs' Warehouse, CHEF, Form 4, Insider Transaction, Stock Sale, Restricted Stock, Tax Withholding, Executive Compensation, James Leddy, CFO