A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 13 filings in this group are Form 4s for Chipotle Mexican Grill, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 13 insider filings shown, the breakdown is 6 compensation award, 6 tax withholding and 1 open-market sale. 1 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Tax withholding
Tax / Compensation Filing
2026-10-01
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Rymer Adam T (Chief Financial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
3,253 |
$31.95 |
$103.9K |
Filing: Form 4 (Insider Transaction)
Insider: Rymer Adam T (Chief Financial Officer)
Shares: 3,253
Form 4
Compensation award
Tax / Compensation Filing
2026-09-21
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Sami Sabir (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
4,747 |
$33.51 |
$159.1K |
Filing: Form 4 (Insider Transaction)
Insider: Sami Sabir (Director)
Shares: 4,747
Form 4
Tax withholding
Tax / Compensation Filing
2026-08-25
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Rymer Adam T (Chief Financial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
9,276 |
$35.29 |
$327.4K |
Filing: Form 4 (Insider Transaction)
Insider: Rymer Adam T (Chief Financial Officer)
Shares: 9,276
Form 4
Tax withholding
Tax / Compensation Filing
2026-08-25
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Eskenazi Ilene (Chief Legal and HR Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
19,701 |
$35.29 |
$695.2K |
Filing: Form 4 (Insider Transaction)
Insider: Eskenazi Ilene (Chief Legal and HR Officer)
Shares: 19,701
Form 4
Tax withholding
Tax / Compensation Filing
2026-08-25
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Garner Curtis E (Pres, Chief Strgy & Tech Off) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
27,582 |
$35.29 |
$973.4K |
Filing: Form 4 (Insider Transaction)
Insider: Garner Curtis E (Pres, Chief Strgy & Tech Off)
Shares: 27,582
Form 4
Tax withholding
Tax / Compensation Filing
2026-08-25
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Boatwright Scott (Chief Executive Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
31,522 |
$35.29 |
$1.11M |
Filing: Form 4 (Insider Transaction)
Insider: Boatwright Scott (Chief Executive Officer)
Shares: 31,522
Form 4
Tax withholding
Tax / Compensation Filing
2026-08-25
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Schalow Laurie (Chief Corp Affairs Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
20,075 |
$35.29 |
$708.4K |
Filing: Form 4 (Insider Transaction)
Insider: Schalow Laurie (Chief Corp Affairs Officer)
Shares: 20,075
Form 4
Open-market sale
Insider Selling
2026-08-24
CMG insider Bush Matthew R (Controller, PAO) sold 2,675 shares (~$95.6K)
Bush Matthew R, listed as Controller, PAO at CHIPOTLE MEXICAN GRILL INC, reported an open-market sale of 2,675 CMG shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
2,675 |
$35.75 |
$95.6K |
Filing: Form 4 (Insider Transaction)
Insider: Bush Matthew R (Controller, PAO)
Shares: 2,675
Est. Value: $95.6K
Form 4
Compensation award
Tax / Compensation Filing
2026-08-10
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Machado Fernando (Chief Brand Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
76,243 |
— |
— |
A |
Compensation award
derivative · New hire SOSAR
|
235,184 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Machado Fernando (Chief Brand Officer)
Shares: 76,243
Form 4
Compensation award
Tax / Compensation Filing
2026-06-12
CMG insider Form 4 filed for equity award, exercise, or tax withholding
WINSTON MARY A (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
6,880 |
$31.25 |
$215.0K |
Filing: Form 4 (Insider Transaction)
Insider: WINSTON MARY A (Director)
Shares: 6,880
Form 4
Compensation award
Tax / Compensation Filing
2026-06-12
CMG insider Form 4 filed for equity award, exercise, or tax withholding
weinstein joshua ian (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
6,880 |
$31.25 |
$215.0K |
Filing: Form 4 (Insider Transaction)
Insider: weinstein joshua ian (Director)
Shares: 6,880
Form 4
Compensation award
Tax / Compensation Filing
2026-06-12
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Maw Scott Harlan (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
6,880 |
$31.25 |
$215.0K |
Filing: Form 4 (Insider Transaction)
Insider: Maw Scott Harlan (Director)
Shares: 6,880
Form 4
Compensation award
Tax / Compensation Filing
2026-06-12
CMG insider Form 4 filed for equity award, exercise, or tax withholding
Hickenlooper Robin S (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
6,880 |
$31.25 |
$215.0K |
Filing: Form 4 (Insider Transaction)
Insider: Hickenlooper Robin S (Director)
Shares: 6,880