Chipotle (CMG) CBO Fernando Machado Receives RSU & SOSAR Awards

What Happened

• Fernando Machado, Chief Brand Officer of Chipotle Mexican Grill (CMG), was granted equity awards on 2026-08-07: 76,243 restricted stock units (RSUs) and 235,184 stock-only stock appreciation rights (SOSARs). Both award lines were reported at a $0 per-share acquisition price in the filing (typical for grants); the RSUs are direct equity awards and the SOSARs are derivative awards tied to stock appreciation.

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-10.
• Awards reported: 76,243 RSUs (Acquired at $0) and 235,184 SOSARs (Derivative, Acquired at $0).
• Shares owned after transaction: not provided in the data you supplied / not disclosed here.
• Footnotes: F1 — RSUs vest in equal amounts on the 2nd and 3rd anniversaries of the grant date, subject to possible acceleration. F2 — SOSARs vest in equal amounts on the 2nd and 3rd anniversaries, subject to possible acceleration.
• Filing timeliness: filing date is listed; no late-filing flag provided in the supplied summary.

Context

• RSUs represent a right to receive company shares when they vest; SOSARs are stock-settled SARs whose value depends on future appreciation and are derivative in nature. These awards do not involve an immediate cash purchase or sale of shares and typically vest over time, so they do not by themselves indicate near-term insider buying or selling activity.