Company: CHEF
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001517175-25-000002
Chunk: 124

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 124
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 2022, respectively. The related tax expense (benefit) for stock-based compensation was $(211), $580 and $(22) for the fiscal years ended December 27, 2024, December 29, 2023 and December 30, 2022, respectively.

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The following table reflects the activity of RSAs and RSUs during the fiscal year ended December 27, 2024:Time-BasedPerformance-BasedMarket-BasedSharesWeighted AverageGrant Date Fair ValueSharesWeighted AverageGrant Date Fair ValueSharesWeighted AverageGrant Date Fair ValueUnvested at December 29, 2023461,752 $32.13 1,078,169 $32.88 421,056 $30.00 Granted274,004 38.22 313,188 38.53 55,270 34.68 Vested(239,652)31.79 (172,232)32.07 (166,343)31.43 Forfeited(12,820)34.82 (337,625)33.55 (6,947)31.39 Unvested at December 27, 2024483,284 $35.68 881,500 $34.79 303,036 $30.04 The fair value of RSAs and RSUs vested during the fiscal years ended December 27, 2024, December 29, 2023 and December 30, 2022, was $18,370, $7,170 and $8,719, respectively.The Company granted 642,462 RSAs and RSUs to its employees and directors at a weighted average grant date fair value of $38.07 during the fiscal year ended December 27, 2024. These awards are a mix of time-, market- and performance-based grants awarded to key employees and non-employee directors that generally vest over a range of periods up to five years. The market- and performance-based RSAs and RSUs generally cliff vest, if at all, after the conclusion of a three-year performance period and vesting is subject to the award recipient’s continued service to the Company as of the vesting date. The number of performance-based RSAs and RSUs that ultimately vest is based on the Company’s attainment of certain profitability and return on invested capital targets. At December 27, 2024, the