Form 4: Chipotle CEO Scott Boatwright Reports Stock Transactions
SEC Form 4 Filing
Chipotle CEO Scott Boatwright reports the acquisition and disposal of company stock and stock appreciation rights.
Summary
- On February 9, 2025, Chipotle CEO Scott Boatwright disposed of 7,449 shares of common stock at a price of $57.32 per share to cover payment obligations upon the vesting of a restricted stock unit.
- Following this transaction, Boatwright directly owns 328,306 shares of Chipotle common stock.
- On February 7, 2025, Boatwright acquired 286,029 stock appreciation rights (SOSAR) with a strike price of $57.27.
- These SOSARs vest in equal amounts on the second and third anniversaries of the grant date (February 7, 2027 and February 7, 2028) and expire on February 7, 2032.
- Upon exercise, each SOSAR settles into one share of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the executive's holdings and transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of SOSAR transaction |
| 02/07/2027 | First vesting date for SOSARs |
| 02/07/2028 | Second vesting date for SOSARs |
| 02/07/2032 | Expiration date for SOSARs |
| 02/09/2025 | Date of common stock disposal |
| 02/11/2025 | Date of Form 4 filing |
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