Chipotle (CMG) Laurie Schalow Withholds 20,075 Shares for Taxes

What Happened Laurie Schalow, Chief Corporate Affairs Officer at Chipotle Mexican Grill (CMG), had 20,075 shares withheld to satisfy tax withholding upon settlement of a restricted stock unit (RSU) award. The shares were valued at $35.29 each, totaling approximately $708,447. This was a tax-withholding disposition of shares (not an open-market sale or a purchase).

Key Details

• Transaction date: 2026-08-22; Filing date: 2026-08-25 (timely filed)
• Shares withheld/disposed: 20,075 at $35.29 per share; total value ≈ $708,447
• Shares owned after transaction: Not disclosed in this Form 4 excerpt
• Footnote: F1 — shares were withheld to satisfy the reporting person's tax liability upon vesting and settlement of a restricted stock unit award
• Transaction type code: F (tax withholding upon RSU settlement)

Context Shares withheld to cover taxes are a routine administrative action following RSU vesting and usually do not indicate a change in the insider’s market view. This was a cashless/withholding settlement rather than a public sale or purchase.