Form 4: Chefs' Warehouse Executive Tim McCauley Reports Share Withholding for Tax Obligations

Tim McCauley, Chief Accounting Officer of Chefs' Warehouse, Inc., reports the withholding of 636 common stock shares to cover tax obligations upon vesting of restricted stock.

Summary

• On February 28, 2025, Tim McCauley, the Chief Accounting Officer of Chefs' Warehouse, Inc., had 636 shares of common stock withheld to cover tax obligations.
• The shares were withheld at a price of $62.58 per share.
• Following the transaction, McCauley directly owns 70,013 shares of Chefs' Warehouse, Inc.
• The withholding was related to the vesting of restricted common stock under the company's 2019 Omnibus Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is neutral in sentiment as it simply reports a standard procedure.

Industry Context

This is a routine transaction reflecting standard executive compensation practices related to equity awards and tax obligations.

Comparison to Industry Standards

• Equity compensation is a common practice across the industry to align management's interests with those of shareholders.
• Share withholding for tax obligations is a standard procedure in equity compensation plans.
• Comparable companies in the food distribution industry also utilize equity incentive plans as part of their compensation packages.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure related to executive compensation.
• The transaction ensures compliance with tax regulations.

Key Dates