Leddy James 4

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.