Company: CHEF
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001517175-25-000003
Chunk: 48

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 48
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) |
| Christopher Pappas   |     |          1,010,040 |     |              29,319 |     |                 2,425,170 |     |                        68,411 |     |                    136,822 |
| John Pappas          |     |            555,058 |     |              16,112 |     |                 1,261,843 |     |                        35,595 |     |                     75,190 |
| James Leddy          |     |            431,112 |     |              11,189 |     |                   396,650 |     |                        11,189 |     |                     22,378 |
| Alexandros Aldous    |     |            359,761 |     |              10,443 |     |                   370,204 |     |                        10,443 |     |                     20,886 |
| Christina Polychroni |     |            281,457 |     |               8,170 |     |                   186,857 |     |                         5,271 |     |                     10,542 |

The time-based vesting restricted stock awarded in fiscal 2024 vests in equal one-third installments on the first through third anniversary dates of the date set forth in the named executive officers’ respective time-based restricted stock award agreements.

The goals set with respect to the PRSAs awarded in fiscal 2024 were designed to increase and sustain stockholder value over time, based on input from the advisors to the Compensation Committee and feedback provided by the Company’s stockholders. The target goals for 2024 reflected the Compensation Committee ’ s expectations of macro and industry-specific influences on the Company ’ s AEBITDA, share price, and ROIC. In light of these expectations, the Compensation Committee determined that the PRSA target performance goals would reflect challenging but attainable (and motivational) corporate performance objectives for the named executive officers. The number of PRSAs eligible to vest was based on the Company’s achievement of AEBITDA, ROIC and challenging share price targets for the performance period beginning on the first day of fiscal 2024 and ending on December 25, 2026. AEBITDA was chosen as a performance measure for both the 2024 Plan and the 2024 PRSAs because the Compensation Committee views it as one of the key indicators of sustained Company growth and stockholder value. The Compensation Committee