Form 4: Chefs' Warehouse Director Steven Goldstone Receives Stock Grant

Director Steven Goldstone received 3,506 restricted stock units from Chefs' Warehouse, Inc. convertible into common stock.

Summary

• Steven F. Goldstone, a director of Chefs' Warehouse, Inc., received 3,506 time-vested restricted stock units on May 10, 2024.
• These restricted stock units are convertible into shares of common stock under the company's Amended and Restated 2019 Omnibus Equity Incentive Plan.
• The units will vest at the earlier of the company's 2025 annual stockholders' meeting or one year from the grant date.
• Following the transaction, Goldstone beneficially owns 33,179 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine stock grant, which is generally viewed positively as it aligns director interests with shareholders. 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 continued service and contribution to the company.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service, suggesting an expectation of ongoing involvement from the director.

Industry Context

Stock grants are a common form of executive compensation in the food and beverage distribution industry, aligning management interests with shareholder value.

Comparison to Industry Standards

• Companies like Sysco and US Foods also utilize stock grants as part of their executive compensation packages.
• The size of the grant is typical for director-level compensation in companies of similar size and market capitalization.

Stakeholder Impact

• Shareholders may view the stock grant positively as it incentivizes the director to work towards increasing shareholder value.

Key Dates