Curtis E. Garner - 29 Jul 2024 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Reporting relationship: Chief Customer & Techlgy Ofcr
Issuer ticker: CMG
Reported as of: 29 Jul 2024
Net transaction value: -$3,069,590
SEC form: 4
Accepted by SEC: 30 Jul 2024, 16:13:30 UTC
Prior SEC filing: 16 Feb 2024
Next SEC filing: 07 Aug 2024
Source filing: View source filing
Reporting owner signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed

Key filing fact

Curtis E. Garner filed Form 4 for CHIPOTLE MEXICAN GRILL INC (CMG) on 30 Jul 2024.

Key facts

This page summarizes Curtis E. Garner's Form 4 filing for CHIPOTLE MEXICAN GRILL INC (CMG).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 Jul 2024, 16:13.

Change

Previous filing in this sequence was filed on 16 Feb 2024.
Current net transaction value: -$3,069,590.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CMG transaction

common stock

Options Exercise

Transaction value: $497,588
Shares: +70,000
Change %: +20%
Price: $7.11
Shares after: 428,300
Date: 29 Jul 2024
Ownership: Direct

CMG transaction

common stock

Tax liability

Transaction value: $497,616
Shares: -9,761
Change %: -2.3%
Price: $50.98
Shares after: 418,539
Date: 29 Jul 2024
Ownership: Direct
Footnotes: F1

CMG transaction

common stock

Sale

Transaction value: $3,069,563
Shares: -60,239
Change %: -14%
Price: $50.96
Shares after: 358,300
Date: 29 Jul 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CMG transaction Derivative

2018 SOSARs

Options Exercise

Transaction value: $0
Shares: -70,000
Change %: -37%
Price: $0.000000
Shares after: 118,450
Date: 29 Jul 2024
Ownership: Direct
Underlying class: common stock
Underlying amount: 70,000
Exercise price: $7.11
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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).

Footnote F2

Reflects a weighted-average price. Actual sales prices ranged from $50.875 to $51.05 per share. The reporting 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.

Footnote F3

The SOSAR vested in equal amounts on the second and third anniversaries of the grant date.

SEC remarks

The share numbers and the exercise price of the SOSAR reflect the 50-for-1 stock split of Chipotle's common stock that was effective after market close on June 25, 2024.