Curtis E. Garner, President and Chief Strategy and Technology Officer of Chipotle Mexican Grill, reported a non-discretionary disposition of 27,582 shares on Aug. 22, 2026, to cover tax obligations from a scheduled vesting event, according to an SEC Form 4 filing. The transaction was valued at approximately $973,000 based on a weighted average sale price of $35.29 per share, and Garner retains direct ownership of 390,788 shares, representing about 0.0305% of the $48.8 billion company. The stock closed at $38.02 on Aug. 24, 2026. Since 2021, CMG's shares have declined about 3%, equating to a compound annual growth rate (CAGR) of -0.6%, while the S&P 500 has returned 83% over the same period. The company's revenue growth has slowed to 7.3% over the last 12 months, and net income has dipped to $1.42 billion from a high of $1.56 billion in early 2025, though its P/E ratio of 34x is below its five-year average of 51x.
Chipotle Mexican Grill IncInsider sale to cover taxes, though non-discretionary, signals potential overvaluation; stock underperformed S&P 500.
