Form 4: Chipotle Executive Roger E. Theodoredis Reports Stock Award and Tax Obligation Fulfillment
SEC Form 4
Roger E. Theodoredis, Chief Legal Officer & GC of Chipotle Mexican Grill, Inc., reports the acquisition of shares from a performance share unit settlement and the disposal of shares to cover tax obligations.
Summary
- On February 15, 2025, Roger E. Theodoredis, Chief Legal Officer & GC of Chipotle Mexican Grill, Inc., acquired 34,518 shares of common stock from the settlement of a performance share unit (PSU) awarded in 2022 at $0.
- Also on February 15, 2025, Theodoredis disposed of 18,705 shares of common stock at $58.13 to satisfy tax obligations related to the vesting of the PSU.
- Following these transactions, Theodoredis directly owns 177,578 shares of Chipotle common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reports standard transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.
Positives
- Theodoredis received a significant number of shares (34,518) from the settlement of a performance share unit, indicating achievement of performance goals.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock acquisition from PSU settlement and disposal for tax obligations. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
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