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

Signature
/s/ Alexandros Aldous, Attorney-in-Fact for James Leddy
Issuer symbol
CHEF
Transactions as of
25 Feb 2025
Net transactions value
-$499,491
Form type
4
Filing time
27 Feb 2025, 20:59:57 UTC
Previous filing
26 Feb 2025
Next filing
04 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHEF Common Stock Award +9,250 +6.4% 153,608 25 Feb 2025 Direct F1
transaction CHEF Common Stock Award +10,805 +7% 164,413 25 Feb 2025 Direct F2
transaction CHEF Common Stock Disposed to Issuer -1,210 -0.74% 163,203 25 Feb 2025 Direct F3
transaction CHEF Common Stock Tax liability $499,491 -7,845 -4.8% $63.67 155,358 25 Feb 2025 Direct F4
* 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 7,115 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 2,135 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.