Company: CHEF
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001517175-25-000003
Chunk: 57

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 57
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 fully under “ EXECUTIVE COMPENSATION - Compensation Discussion and Analysis - Components of Named Executive Officer Compensation - Annual Cash Incentive Compensation ” beginning on page 24 of this proxy statement.

(3) The aggregate grant date fair value is computed in accordance with ASC Topic 718. For awards that are subject to performance conditions, the amounts included in this column are the full fair value at the grant date based on the probable outcome with respect to the satisfaction of the performance condition consistent with the recognition criteria in ASC Topic 718 (excluding the effect of estimated forfeitures).

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(4) The amounts shown in these rows reflect threshold, target and maximum performance of the AEBITDA component of the 2024 Grants made pursuant to the 2019 Equity Incentive Plan. The forfeiture restrictions associated with these restricted stock awards will immediately lapse upon the Compensation Committee’s certification of the attainment of AEBITDA of greater than $210 million for the performance period beginning at the start of fiscal 2024 and ending at the conclusion of fiscal 2026, up to a maximum of $260 million (for an attainment of 200%), provided that the grantee provided continuous service through the applicable vesting date and further provided that the additional conditions and performance criteria related to AEBITDA for the performance period ending at the conclusion of fiscal 2026 were met, as set forth in the grantee’s performance-based vesting restricted share award agreement.

(5) The amounts shown in these rows reflect threshold, target and maximum performance of the share price component of the 2024 Grants made pursuant to the 2019 Equity Incentive Plan. The forfeiture restrictions associated with these restricted stock awards will immediately lapse upon the Compensation Committee’s certification that the Company ’ s common stock closing price was greater than $30.00, based on an average of 20 consecutive trading days, at any time during the three-year performance period beginning upon the grant date and ending at the conclusion of fiscal 2026, up to a maximum common stock closing price of $45.00 per share (for an attainment of 200%), provided that the grantee provides continuous service through the applicable vesting date and further provided that the additional conditions and performance criteria related to the Company ’ s stock price for the performance period ending at the conclusion of fiscal 2026 were met, as set forth in the grantee’s performance-based vesting restricted share award agreement.

(6) The amounts shown in these rows reflect threshold,