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Insider Trends: Insider at Chipotle Mexican Grill Exercises Options Derivative Securities, Sells for Taxes and Self, Selling Trend Unaffected

· 02/05/2021 14:15

07:05 PM EST, 02/05/2021 (MT Newswires) -- On Feb 04, 2021, Chief Technology Officer, Curtis E Garner, exercised options/derivative securities for 25,020 shares. A portion of these optioned shares (5,459 shares) were sold for tax obligations and an additional 25,020 shares were sold for $37,236,011. Garner, following the transactions designated in the Form 4 SEC filing, owns 2,679 shares of the company, which have a market value of $3.96 million as of the prior-day closing price. In addition the company has granted Garner stock options of which 6,634 are currently in the money and have an approximate value of $7,457,478 as of yesterday's closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 10 insider transactions reported to the SEC for Chipotle Mexican Grill. These transactions came from the activities of 5 different insiders that resulted in a net disposition of 77,019 company shares. In the preceding 90-day window of time, there was 1 transaction from 1 insider which resulted in the acquisition of 100 shares.

This is lower than the average level of insider transactions in the 23-company Quick Service Restaurants peer group over the last 90-day period. Within the peer group activity averaged 139.3 transactions per company, and disposition of 313,955 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1058090/000112760221004253/xslF345X03/form4.xml

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