CHIPOTLE MEXICAN GRILL INC
For the period ended Dec 31, 2024. Filed Feb 5, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 11. Executive Compensation
Our current and historical practice is to grant equity awards only during periods when our trading window for insiders is open pursuant to our Insider Trading Policy. The annual equity grant, including to our executive officers, usually occurs within one week after we publicly announce our financial results for the fourth quarter and full fiscal year and our interim equity grants during the year (for example, to newly hired or promoted employees) usually occurs within one week after we publicly announce our financial results for a financial quarter. In 2024, the Compensation, People and Culture Committee of our Board approved the annual grant of equity awards on February 9, 2024, which was the day the trading window for insiders opened after we announced our 2023 fourth quarter and full year financial results. We filed our 2023 Annual Report on Form 10-K with the SEC on February 7, 2024; however, our filing occurred after the SEC’s filing cutoff time and our 2023 Annual Report on Form 10-K received a filing date of February 8, 2024. As a result, the annual grant of equity awards to our named executive officers, including the grant of the SOSARs listed in the table below, occurredone business day after the filing of our 2023 Annual Report on Form 10-K with the SEC.
| Name | Grant Date | Number of securities underly the award | Exercise price of the award ($/SH) | Grant date fair value of the award | Percentage change in the closing market price of the securities underlying the award between the trading day ending immediately prior to the disclosure of material nonpublic information and the trading day beginning immediately following the disclosure of material nonpublic information |
|---|---|---|---|---|---|
| Brian Niccol | 2/9/2024 | 476,800 | $52.77 | $8,048,384 | (1.08)% |
| Jack Hartung | 2/9/2024 | 154,000 | $52.77 | $2,599,520 | (1.08)% |
| Curt Garner | 2/9/2024 | 148,100 | $52.77 | $2,499,928 | (1.08)% |
| Scott Boatwright | 2/9/2024 | 118,500 | $52.77 | $2,002,800 | (1.08)% |
| Chris Brandt | 2/9/2024 | 56,300 | $52.77 | $950,592 | (1.08)% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.