Aldous Alexandros 4
Research Summary
AI-generated summary
Chefs' Warehouse (CHEF) GC Aldous Alexandros Receives Award
What Happened
- Aldous Alexandros, General Counsel of Chefs' Warehouse (CHEF), received two awards of restricted common stock on Feb 24, 2026 totaling 15,249 shares (6,935 and 8,314 shares). To satisfy tax/exercise obligations, 3,979 shares were withheld/disposed across Feb 24–25, 2026 for proceeds totaling $287,955 (3,301 shares at $72.42 = $239,058; 678 shares at $72.12 = $48,897).
- These were equity awards and vesting-related withholdings (not open-market sales). The awards include time-based and performance-based vesting conditions; some shares remain subject to forfeiture or future performance certification.
Key Details
- Transaction dates and prices:
- 2026-02-24: Award (A) — 6,935 shares (no purchase price; acquired upon certification of performance conditions — F1).
- 2026-02-24: Tax withholding/payment (F) — 3,301 shares withheld at $72.42/share = $239,058 (F2: withheld on vesting).
- 2026-02-24: Award (A) — 8,314 shares (no purchase price; subject to time- and performance-based forfeiture as described in footnote — F3).
- 2026-02-25: Tax withholding/payment (F) — 678 shares withheld at $72.12/share = $48,897 (F4: withheld on vesting).
- Post-transaction holdings: Not specified in the provided filing; the Form 4 did not list a total beneficial ownership figure in the summary provided here.
- Notable footnotes:
- F1: 6,935 shares were issued upon certification of performance conditions.
- F3: Of the 8,314 shares, 6,395 vest in one-third increments on each of the first three anniversaries (starting Feb 24, 2026); 1,919 vest upon meeting share-price performance conditions.
- F2/F4: Shares were withheld to cover tax liabilities upon vesting.
- Filing timeliness: Transactions occurred Feb 24–25, 2026 and the Form 4 was filed Feb 26, 2026 — appears to be filed within the typical two-business-day window.
Context
- These transactions are compensation-related (restricted stock awards and associated withholding), not open-market purchases or voluntary sales; withheld shares were surrendered to pay taxes/fees and do not necessarily indicate selling for investment reasons.
- For retail investors: awards and withholding are routine executive compensation mechanics. Purchases typically signal a more direct bullish action than vesting-related acquisitions; here, the net economic effect is that Alexandros received restricted shares while a portion was surrendered to satisfy tax obligations.