Christopher W. Brandt - 15 Feb 2023 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role: Chief Marketing Officer
Signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed
Issuer symbol: CMG
Transactions as of: 15 Feb 2023
Net transactions value: -$2,576,963
Form type: 4
Filing time: 16 Feb 2023, 15:34:38 UTC
Previous filing: 13 Feb 2023
Next filing: 20 Apr 2023
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	+2,976	+44%	$0.000000	9,692	15 Feb 2023	Direct	F1
transaction	CMG	common stock	Tax liability	$2,576,963	-1,567	-16%	$1644.52	8,125	15 Feb 2023	Direct	F2

* 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 2020. The PSU settled based on the 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 2020.