Form 4: Chefs' Warehouse Vice Chairman John Pappas Reports Stock Transaction
SEC Form 4
John Pappas, Vice Chairman and COO of Chefs' Warehouse, reports disposition of shares to cover tax obligations and indirect ownership through a trust.
Summary
- On February 28, 2025, John Pappas, Vice Chairman and COO of Chefs' Warehouse, reported a transaction involving the company's stock.
- 2,563 shares were disposed of to cover tax obligations upon the vesting of restricted common stock.
- The disposition price was $62.58 per share.
- Following the transaction, Pappas directly owns 857,593 shares.
- Pappas also indirectly owns 400,000 shares through a single member LLC, where he is the sole member of a grantor retained annuity trust.
- The report was filed on March 4, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock transaction related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transaction (disposal of shares). |
| 03/04/2025 | Date the Form 4 was signed. |
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