Leddy James 4
4 · Chefs' Warehouse, Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Chefs' Warehouse CFO James Leddy Receives Award; Shares Withheld
What Happened
- James Leddy, Chief Financial Officer of Chefs' Warehouse, received equity awards on Feb 24, 2026: 7,431 shares (performance-based) and 8,907 shares (restricted common stock) for a total grant of 16,338 shares. To satisfy tax withholding obligations, the company withheld/retired 4,543 shares on Feb 24 at $72.42 ($329,004) and 876 shares on Feb 25 at $72.12 ($63,177), a total of 5,419 shares and ~$392,181. Net new shares retained by Leddy after withholding = 10,919 shares. These transactions are awards/vestings with shares withheld for taxes (not open-market sales).
Key Details
- Transaction dates and amounts:
- 2026-02-24: Award of 7,431 shares (performance-based) and award of 8,907 restricted shares.
- 2026-02-24: 4,543 shares withheld @ $72.42 to cover taxes (value $329,004).
- 2026-02-25: 876 shares withheld @ $72.12 to cover taxes (value $63,177).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes of note:
- F1: 7,431 shares were issued upon certification of performance conditions.
- F3: Of the 8,907 restricted shares, 6,851 vest in one‑third increments on the first through third anniversaries (starting Feb 24, 2026) and 2,056 vest upon achievement of a stock-price–based performance condition.
- F2/F4: Withheld shares represent tax withholding on vested/performance awards.
- Filing: Form 4 filed Feb 26, 2026 reporting Feb 24–25 transactions (appears timely).
Context
- These transactions reflect equity awards and company withholding to satisfy tax obligations (common practice), not an open‑market sale—so they don't necessarily indicate insider selling pressure. The grants include time‑based and performance‑based vesting; some shares remain subject to future vesting or performance conditions.
Insider Transaction Report
Form 4
Leddy James
Chief Financial Officer
Transactions
- Award
Common Stock
[F1]2026-02-24+7,431→ 133,323 total - Tax Payment
Common Stock
[F2]2026-02-24$72.42/sh−4,543$329,004→ 128,780 total - Award
Common Stock
[F3]2026-02-24+8,907→ 137,687 total - Tax Payment
Common Stock
[F4]2026-02-25$72.12/sh−876$63,177→ 136,811 total
Footnotes (4)
- [F1]Shares acquired upon the certification of performance conditions applicable to performance-based restricted common stock awarded to the reporting person pursuant to the Plan.
- [F2]Shares withheld upon the vesting of performance-based restricted common stock awarded to the reporting person pursuant to the Plan.
- [F3]The reporting person was granted shares of restricted common stock pursuant to The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan (the "Plan"). The forfeiture restrictions associated with 6,851 of these shares will lapse in one-third increments as of the first through third anniversary dates of February 24, 2026. The forfeiture restrictions associated with 2,056 of these shares will lapse upon achievement of performance conditions based on the per-share price of the Issuer's common stock.
- [F4]Shares withheld upon the vesting of restricted common stock awarded to the reporting person pursuant to the Plan.
Signature
/s/ Alexandros Aldous, Attorney-in-Fact for James Leddy|2026-02-26