Chipotle (CMG) President Curtis Garner Withholds 27,582 Shares for Taxes

What Happened
Curtis E. Garner, President and Chief Strategy & Technology Officer of Chipotle Mexican Grill (CMG), had 27,582 shares withheld to satisfy tax withholding on the vesting/settlement of a restricted stock unit award. The shares were valued at $35.29 each for a total of approximately $973,369; the filing records the disposition as a tax-withholding transaction.

Key Details

• Transaction date: 2026-08-22; Form 4 filed: 2026-08-25.
• Shares withheld/disposed: 27,582 at $35.29 per share, total ~$973,369.
• Footnote: F1 — shares were withheld to satisfy the reporting person's tax liability upon vesting and settlement of an RSU award.
• Shares owned after the transaction: not specified in the information provided (see the official Form 4 for current ownership).
• Transaction code: F (tax withholding on award settlement) — treated as a non-open-market disposition, not a purchase.

Context
Tax-withholding transactions on RSU vesting are routine and do not necessarily signal an insider's view on the company's stock; they simply settle tax obligations by withholding shares. This is effectively a disposal for tax purposes rather than an active sale or purchase decision. For full details, including post-transaction holdings, consult the original Form 4 filing (Accession: 0001058090-26-000079).