Ells Steve 4
4 · CHIPOTLE MEXICAN GRILL INC · Filed Feb 28, 2020
Insider Transaction Report
Form 4
Ells Steve
DirectorChairman & Co-CEO
Transactions
- Award
common stock
2020-02-26+48,904→ 144,984 total - Tax Payment
common stock
2020-02-26$847.29/sh−25,880$21,927,865→ 119,104 total
Holdings
- 12,519(indirect: By Trust)
common stock
- 99,740(indirect: By Trust)
common stock
Footnotes (2)
- [F1]Shares were acquired upon the certification by the Compensation Committee of Chipotle's Board of Directors of the achievement of the performance objectives under the performance share units (PSUs) granted on February 19, 2017. The PSUs were scheduled to vest only if and to the extent that two performance objectives (3-year comparable restaurant sales growth and highest rolling average stock price over a 60 day period) met or exceeded specified targets. Both performance objectives were achieved above target, and the PSU vested at 244.52% of target.
- [F2]Consists of shares of common stock retained by Chipotle to satisfy the reporting person's tax obligation in connection with the vesting of the PSUs.