Form 4: Chefs' Warehouse Director Richard N. Peretz Acquires Restricted Stock Units

Director Richard N. Peretz of Chefs' Warehouse, Inc. reports acquisition of 548 restricted stock units convertible into common stock.

Summary

• On March 4, 2024, Richard N. Peretz, a director of Chefs' Warehouse, Inc., acquired 548 time-vested restricted stock units.
• These restricted stock units are convertible into an equal number of common stock shares.
• The grant was made under The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan.
• The restricted stock units will vest at the earlier of the company's 2024 annual stockholders' meeting or one year from the grant date.

Sentiment

Score: 7

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

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units will vest at the earlier of the date of the Issuer's 2024 annual stockholders' meeting or the one-year anniversary of the date of grant.

Industry Context

This filing is a routine disclosure related to executive compensation and is common among publicly traded companies. It reflects part of the company's equity incentive plan to align management's interests with those of shareholders.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates