Brian R. Niccol - 02 Jan 2024 Form 4 Insider Report for CHIPOTLE MEXICAN GRILL INC (CMG)

Reporting relationship: Chairman, CEO, Director
Issuer ticker: CMG
Reported as of: 02 Jan 2024
Net transaction value: -$2,507,577
SEC form: 4
Accepted by SEC: 03 Jan 2024, 16:23:35 UTC
Prior SEC filing: 12 Dec 2023
Next SEC filing: 30 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/ Helen Kaminski, pursuant to power of attorney previously filed

Key filing fact

Brian R. Niccol filed Form 4 for CHIPOTLE MEXICAN GRILL INC (CMG) on 03 Jan 2024.

Key facts

This page summarizes Brian R. Niccol's Form 4 filing for CHIPOTLE MEXICAN GRILL INC (CMG).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Jan 2024, 16:23.

Change

Previous filing in this sequence was filed on 12 Dec 2023.
Current net transaction value: -$2,507,577.

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: $533,867
Shares: +1,334
Change %: +5.9%
Price: $400.20^*
Shares after: 23,781
Date: 02 Jan 2024
Ownership: Direct

CMG transaction

common stock

Tax liability

Transaction value: $535,149
Shares: -234
Change %: -0.98%
Price: $2286.96
Shares after: 23,547
Date: 02 Jan 2024
Ownership: Direct
Footnotes: F1

CMG transaction

common stock

Sale

Transaction value: $2,506,295
Shares: -1,100
Change %: -4.7%
Price: $2278.45
Shares after: 22,447
Date: 02 Jan 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

CMG transaction Derivative

2018 Inducement SOSAR

Options Exercise

Transaction value: $0
Shares: -1,334
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 02 Jan 2024
Ownership: Direct
Underlying class: common stock
Underlying amount: 1,334
Exercise price: $400.20
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

This SOSAR exercise and sale was executed under the terms of a sales plan intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.

Footnote F3

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