Curtis E. Garner - Feb 9, 2024 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Role
Chief Customer & Techlgy Ofcr
Signature
/s/ Helen Kaminski, pursuant to power of attorney previously filed
Stock symbol
CMG
Transactions as of
Feb 9, 2024
Transactions value $
-$3,545,663
Form type
4
Date filed
2/13/2024, 04:05 PM
Previous filing
Nov 13, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMG common stock Options Exercise $574K +1.62K +30.77% $355.42* 6.86K Feb 9, 2024 Direct
transaction CMG common stock Tax liability -$576K -219 -3.19% $2,628.70 6.64K Feb 9, 2024 Direct F1
transaction CMG common stock Sale -$289K -110 -1.66% $2,630.09 6.53K Feb 9, 2024 Direct F2
transaction CMG common stock Sale -$2.87M -1.09K -16.7% $2,631.27 5.44K Feb 9, 2024 Direct F3
transaction CMG common stock Sale -$513K -195 -3.58% $2,631.95 5.25K Feb 9, 2024 Direct F4
transaction CMG common stock Award $129K +49 +0.93% $2,638.35 5.3K Feb 9, 2024 Direct F5

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 2018 SOSARs Options Exercise $0 -1.62K -30% $0.00 3.77K Feb 9, 2024 common stock 1.62K $355.42 Direct F6
transaction CMG 2024 SOSAR Award $0 +2.96K $0.00 2.96K Feb 9, 2024 common stock 2.96K $2,638.35 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation rights (SOSAR).
F2 Reflects a weighted-average price. Actual sales prices ranged from $2,629.73 to $2,630.34 per share.
F3 Reflects a weighted-average price. Actual sales prices ranged from $2,630.7981 to $2,631.74 per share.
F4 Reflects a weighted-average price. Actual sales prices ranged from $2,631.81 to $2,632.40 per share.
F5 Represents an award of restricted stock units that will vest in equal amounts on the second and third anniversary of the grant date, subject to possible acceleration of vesting.
F6 The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.
F7 The 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 common stock on a 1-to-1 basis.

Remarks:

For each transaction on this Form 4 that is reported at a weighted-average price, the filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.