Form 4: Chefs' Warehouse Director Richard N. Peretz Receives Stock Grant

Director Richard N. Peretz of Chefs' Warehouse, Inc. was granted 3,506 restricted stock units convertible into common stock.

Summary

• On May 10, 2024, Richard N. Peretz, 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.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly 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 continued service and contribution to the company.

Future Outlook

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

Industry Context

Equity grants to directors are a common practice in publicly traded companies to incentivize performance and align interests with shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the industry.
• Companies like Sysco and US Foods also utilize equity grants as part of their director compensation packages.
• The size and vesting schedule of the grant are typical for directors of companies with similar market capitalization and revenue.

Stakeholder Impact

• Shareholders may view the equity grant positively as it aligns the director's interests with the company's long-term success.
• Employees may see this as a sign of confidence in the company's future.

Key Dates