Kidd Jason Allan 4

What Happened

• Jason Allan Kidd, Chief Operating Officer of Chipotle Mexican Grill (CMG), received equity awards on Feb 6, 2026: 16,502 restricted stock units (RSUs) and 53,498 stock-only stock appreciation rights (SOSARs). The RSUs are reported at an acquisition value of $650,014 (16,502 × $39.39); the SOSARs are reported with $0 value in the filing because they are derivative awards.

Key Details

• Transaction type: Grant / award (Form 4 code A)
• Transaction date: 2026-02-06; Form 4 filed 2026-02-10
• RSUs: 16,502 shares @ $39.39 each; total reported value $650,014
• SOSARs: 53,498 units @ $0.00 reported (derivative awards)
• Vesting: Both awards vest in equal amounts on the 2nd and 3rd anniversaries of the grant date, subject to possible acceleration (see footnotes F1 and F2). RSUs and SOSARs settle in common stock on a 1:1 basis upon vesting/exercise.
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Timeliness: Filing date is 2026-02-10; Form 4s are typically filed within two business days of the transaction (review the full filing for any lateness flag)

Context

• These are grants/awards, not open-market purchases or sales; awards are commonly part of executive compensation and vest over time.
• The SOSARs are stock appreciation rights that will convert to shares if and when they vest/exercise, rather than an immediate purchase of shares. The $0 value in the filing reflects the reporting convention for such derivative grants, not their future value.
• For a complete picture of Kidd’s total holdings and any tax-withholding or withholding-share settlement, consult the full Form 4 filing and Chipotle’s proxy/disclosure documents.