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

Director Ivy Brown acquired 2,184 restricted stock units in Chefs' Warehouse, Inc., convertible to common stock, with vesting contingent on the 2026 annual stockholders' meeting or one-year anniversary of the grant date.

Summary

• Ivy Brown, a director at Chefs' Warehouse, Inc. (CHEF), reported a transaction on May 9, 2025.
• Brown acquired 2,184 restricted stock units (RSUs) under the company's Amended and Restated 2019 Omnibus Equity Incentive Plan.
• These RSUs are convertible into shares of common stock.
• The RSUs will vest on the earlier of the date of the Issuer's 2026 annual stockholders' meeting or the one-year anniversary of the grant date.
• Following the transaction, Brown directly owns 18,246 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices, aligning director interests with shareholders.

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 vesting of the restricted stock units is contingent on future events, specifically the 2026 annual stockholders' meeting or the one-year anniversary of the grant date.

Industry Context

This filing is a routine disclosure of equity compensation for a company director, common in publicly traded companies to align management interests with shareholder value.

Stakeholder Impact

• The grant of RSUs to a director can positively impact shareholders by aligning management's interests with the company's long-term success.

Key Dates

Keywords

Chefs' Warehouse, Director, Ivy Brown, Restricted Stock Units, RSUs, Equity Incentive Plan, Beneficial Ownership, Form 4, CHEF