Form 4: Chefs' Warehouse Executive Tim McCauley Reports Stock Disposals to Cover Tax Obligations

Tim McCauley, Chief Accounting Officer of Chefs' Warehouse, Inc., reported disposing of shares to cover tax obligations related to vesting restricted stock.

Summary

• On February 23 and 24, 2024, Tim McCauley, the Chief Accounting Officer of Chefs' Warehouse, Inc., disposed of shares of common stock to cover tax obligations.
• A total of 1,374 shares were disposed of on February 23, 2024, and 529 shares on February 24, 2024, both at a price of $36.51 per share.
• Following these transactions, McCauley directly owns 55,618 shares of Chefs' Warehouse, Inc.
• The disposals were related to the vesting of restricted common stock awarded under the company's 2019 Omnibus Equity Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Executive stock disposals are a common occurrence, particularly to cover tax obligations related to vesting equity awards. The Chefs' Warehouse is a specialty food distributor, and executive compensation practices are likely similar to those of its peers in the food service industry.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.

Key Dates