Christopher W. Brandt - Feb 7, 2025 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Brand Officer
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
Feb 7, 2025
Transactions value $
$570,722
Form type
4
Date filed
2/11/2025, 04:17 PM
Previous filing
Jan 24, 2025
Next filing
Feb 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Award $1M +17.5K +9.75% $57.27 197K Feb 7, 2025 Direct F1
transaction CMG common stock Tax liability -$429K -7.49K -3.81% $57.32 189K Feb 9, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMG 2025 SOSAR Award $0 +55K $0.00 55K Feb 7, 2025 common stock 55K $57.27 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units (RSU) that will vest in equal amounts on the second and third anniversary of the grant date, subject to possible acceleration of vesting. Upon exercise, the RSU settles in share of common stock on a 1-to-1 basis.
F2 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon the vesting of an RSU.
F3 The stock appreciation right (SOSAR) vests in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting. Upon exercise, the SOSAR settles in shares of common stock on a 1-to-1 basis.