Form 4: Chefs' Warehouse Vice Chairman John Pappas Reports Stock Transactions
SEC Form 4 Filing
John Pappas, Vice Chairman and COO of Chefs' Warehouse, reported the withholding of shares to cover taxes upon the vesting of restricted stock.
Summary
- John Pappas, Vice Chairman and COO of Chefs' Warehouse, reported transactions involving the company's common stock.
- On February 23, 2024, 4,254 shares were withheld at a price of $36.51.
- On February 24, 2024, 1,644 shares were withheld at a price of $36.51.
- Following these transactions, Pappas directly owns 817,323 shares of common stock.
- Pappas also indirectly owns 400,000 shares through a single member LLC, where he is the sole member, trustee, and annuity beneficiary of a grantor retained annuity trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a significant trend or event for Chefs' Warehouse or the broader food distribution industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | 4,254 shares of common stock withheld for taxes at $36.51 per share. |
| 02/24/2024 | 1,644 shares of common stock withheld for taxes at $36.51 per share. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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