Company: CHEF
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001517175-25-000003
Chunk: 73

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 73
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 as of Vesting Date of Equity Awards Granted and Vested in the Covered Year                                                        |     |          — |     |         — |
| PlusYear over Year Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Covered Year       |     |  1,002,836 |     |   312,514 |
| LessFair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Covered Year                          |     |          — |     |         — |
| Compensation Actually Paid                                                                                                                       |     | 13,766,243 |     | 4,007,789 |

(3) The fair value of performance shares reported for CAP purposes reflects calculated performance at the end of the performance year for internal metrics (i.e., AEBITDA and ROIC) and Monte Carlo simulation valuation model for the market metric (i.e., share price), in accordance with ASC Topic 718. Performance shares subject to the market metric will ultimately vest, if at all, based on measured performance through the end of the three-year performance period.

(4) Reflects the total shareholder return indexed to $100 per share for the S&P Smallcap Food Distributor Index, which is the industry line peer group reported in our Annual Report on Form 10-K for fiscal 2024.

(5) Values shown are in thousands.

(6) We present Adjusted EBITDAin our quarterly earnings releases, which is a non-GAAP financial measurement. We use Adjusted EBITDA as a performance measure, which permits a comparative assessment of our operating performance

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relative to our performance based upon GAAP results while isolating the effects of some items that vary from period to period without any correlation to core operating performance or that vary widely among similar companies. For further information regarding the calculation of adjusted EBITDA for fiscal 2024, 2023, 2022, 2021 and 2020, refer to our Annual Report on Form 10-K and the Compensation Discussion and Analysis in the Definitive Proxy Statement filed for each fiscal year.

Financial Performance Measures

The following is a list of performance measures, which in our assessment represent the most important measures used by the Company to link compensation actually paid to our named executive officers for fiscal 2024 and are the only metrics used in our fiscal 2024 incentive compensation program:

• Adjusted EBITDA

• Share Price