Insider Trends: Insider at Chipotle Mexican Grill Exercises Options Derivative Securities, Sells for Taxes and Self, Selling Trend Unaffected
07:03 PM EST, 02/05/2021 (MT Newswires) -- On Feb 04, 2021, Chief Restaurant Officer, Scott Boatwright, exercised options/derivative securities for 7,354 shares. A portion of these optioned shares (1,532 shares) were sold for tax obligations and an additional 7,354 shares were sold for $11,028,032. Boatwright, after the transactions disclosed in the SEC Form 4 filing, owns 2,197 shares of the company, which have a market value of $3.25 million as of the prior-day closing price.
Over the last 90 days, previous to the date of this filing, there have been 7 insider transactions reported to the SEC for Chipotle Mexican Grill. These transactions came from the activities of 5 individual insiders that resulted in a net disposition of 77,019 company shares. This compares with the preceding 90-day window of time where there was 1 transaction from 1 insider which resulted in the acquisition of 100 shares.
This is a lower level of transactions than the peer group average in the 23-company Quick Service Restaurants peer group over the last 90-day period. Peer group activity averaged 139.2 transactions per company, and disposition of 313,955 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1058090/000112760221004251/xslF345X03/form4.xml
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