John Pappas - Feb 25, 2025 Form 4 Insider Report for Chefs' Warehouse, Inc. (CHEF)

Role
Vice Chairman and COO, Director
Signature
/s/ Alexandros Aldous, Attorney-in-Fact for John Pappas
Stock symbol
CHEF
Transactions as of
Feb 25, 2025
Transactions value $
-$2,063,608
Form type
4
Date filed
2/27/2025, 09:07 PM
Previous filing
Feb 26, 2025
Next filing
Mar 4, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHEF Common Stock Award +17.4K +2.07% 860K Feb 25, 2025 Direct F1
transaction CHEF Common Stock Award +36.3K +4.22% 897K Feb 25, 2025 Direct F2
transaction CHEF Common Stock Disposed to Issuer -4.07K -0.45% 893K Feb 25, 2025 Direct F3
transaction CHEF Common Stock Tax liability -$2.06M -32.4K -3.63% $63.67 860K Feb 25, 2025 Direct F4
holding CHEF Common Stock 400K Feb 25, 2025 See footnotes F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was granted shares of restricted common stock pursuant to The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan (the "Plan"). The forfeiture restrictions associated with 10,246 of these shares will lapse in one-third increments as of the first through third anniversary dates of February 25, 2025. The forfeiture restrictions associated with 7,172 of these shares will lapse upon achievement of performance conditions based on the per-share price of the Issuer's common stock.
F2 Shares acquired upon the certification of performance conditions applicable to performance-based restricted common stock awarded to the reporting person pursuant to the Plan.
F3 Represents cancellation of performance-based restricted common stock granted to the reporting person on February 24, 2022. Acquisition of the performance-based restricted common stock was previously reported in Table I of reporting person's Form 4 on February 28, 2022 at the time of grant due to the nature of the performance target.
F4 Shares withheld upon the vesting of restricted common stock awarded to the reporting person pursuant to the Plan.
F5 Shares are held by a single member LLC the sole member of which is a grantor retained annuity trust established by the reporting person and of which the reporting person is the sole trustee and sole annuity beneficiary.