Form 4: Chefs' Warehouse Director Ivy Brown Receives Restricted Stock Units

Director Ivy Brown of Chefs' Warehouse, Inc. was granted 3,506 time-vested restricted stock units convertible into common stock.

Summary

• On May 10, 2024, Ivy Brown, a director of Chefs' Warehouse, Inc., received 3,506 time-vested restricted stock units.
• These units are convertible into shares of common stock under the company's Amended and Restated 2019 Omnibus Equity Incentive Plan.
• The restricted stock units will vest at the earlier of the company's 2025 annual stockholders' meeting or one year from the grant date.
• Following this transaction, Ms. Brown directly owns 16,062 shares of Chefs' Warehouse, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard equity grant, which is generally viewed positively as it aligns management and shareholder interests. There are no indications of negative news or concerns.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This type of equity grant is a common practice for aligning the interests of company directors with those of shareholders in the food distribution industry.

Comparison to Industry Standards

• Companies like Sysco and US Foods also use stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedules and amounts granted are generally comparable to industry standards for director compensation.

Stakeholder Impact

• Shareholders may view the equity grant positively as it aligns the director's interests with the company's long-term success.

Key Dates