Chefs' Warehouse (NASDAQ: CHEF) director receives 1,652 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owens Lester reported acquisition or exercise transactions in this Form 4 filing.
Chefs' Warehouse director Lester Owens received a new equity grant. He was awarded 1,652 time-vested restricted stock units, each convertible into one share of Chefs' Warehouse common stock, under the Amended and Restated 2019 Omnibus Equity Incentive Plan.
The restricted stock units generally vest at the earlier of the issuer's 2027 annual stockholders' meeting or the one-year anniversary of the May 8, 2026 grant date. Following this award, Owens directly holds 7,890 shares of common stock, aligning his compensation more closely with shareholder outcomes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Owens Lester
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,652 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,890 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,652 units
Grant price: $0.00 per share
Shares after transaction: 7,890 shares
+2 more
5 metrics
RSUs granted
1,652 units
Time-vested restricted stock units granted on May 8, 2026
Grant price
$0.00 per share
Compensation grant, not an open-market purchase
Shares after transaction
7,890 shares
Total Chefs' Warehouse common stock held directly by Owens after grant
Vesting trigger 1
2027 annual stockholders' meeting
RSUs vest at the earlier of this meeting or one-year anniversary
Vesting trigger 2
One-year from grant
Alternative vesting date is one-year anniversary of May 8, 2026
Key Terms
restricted stock units, Amended and Restated 2019 Omnibus Equity Incentive Plan, time-vested, annual stockholders' meeting
4 terms
restricted stock units financial
"The Reporting Person was granted 1,652 time-vested restricted stock units, each convertible into one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated 2019 Omnibus Equity Incentive Plan financial
"pursuant to The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan"
time-vested financial
"The Reporting Person was granted 1,652 time-vested restricted stock units"
Time-vested describes a right—such as stock options, restricted shares, or pension benefits—that becomes fully owned by an individual only after they have waited for or worked through a specified period. For investors, it matters because these delayed ownership rules affect when insiders or employees can sell shares, which influences share supply, executive incentives, and the timing of potential stock dilution or insider-driven stock sales.
annual stockholders' meeting financial
"vest at the earlier of the date of the Issuer's 2027 annual stockholders' meeting"
FAQ
What did Chefs' Warehouse (CHEF) director Lester Owens report on this Form 4?
Lester Owens reported receiving 1,652 time-vested restricted stock units in Chefs' Warehouse common stock as compensation. Each unit converts into one share, increasing his direct equity-based stake and linking more of his pay to future company performance and stock value.
What kind of equity award did Chefs' Warehouse (CHEF) grant to Lester Owens?
Chefs' Warehouse granted Lester Owens 1,652 time-vested restricted stock units, each convertible into one share of common stock. These units were issued under the company’s Amended and Restated 2019 Omnibus Equity Incentive Plan as part of his director compensation package.
When will Lester Owens' Chefs' Warehouse (CHEF) restricted stock units vest?
The 1,652 restricted stock units generally vest at the earlier of the issuer's 2027 annual stockholders' meeting or the one-year anniversary of the May 8, 2026 grant date. Vesting ties continued service and time to the receipt of underlying common shares.
Was Lester Owens’ Chefs' Warehouse (CHEF) Form 4 a purchase or a compensation grant?
The Form 4 reflects a compensation grant, not an open-market purchase. Lester Owens acquired 1,652 restricted stock units at a price of $0.00 per unit, categorized as a grant, award, or other acquisition of Chefs' Warehouse common stock under the company’s equity plan.
Under which plan were the Chefs' Warehouse (CHEF) restricted stock units granted to Lester Owens?
The award was made under The Chefs' Warehouse, Inc. Amended and Restated 2019 Omnibus Equity Incentive Plan. This plan governs stock-based compensation, including restricted stock units, used to align directors’ and employees’ interests with long-term shareholder value creation.