Christopher W. Brandt - Feb 15, 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 15, 2025
Transactions value $: -$1,421,046
Form type: 4
Date filed: 2/18/2025, 04:26 PM
Previous filing: Feb 11, 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	$0	+46.4K	+24.56%	$0.00	236K	Feb 15, 2025	Direct	F1
transaction	CMG	common stock	Tax liability	-$1.42M	-24.4K	-10.38%	$58.13	211K	Feb 15, 2025	Direct	F2
holding	CMG	common stock						145K	Feb 15, 2025	Trust 2 for benefit of children
holding	CMG	common stock						165K	Feb 15, 2025	Trust for benefit of children

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares issued to the reporting person in settlement of a performance share unit (PSU) awarded in 2022. The PSU settled based on the extent of achievement of predetermined performance goals.
F2	Consists of shares of common stock retained by Chipotle to satisfy the reporting person's tax obligation in connection with the vesting of a PSU awarded in 2022.