Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-10

Chipotle Mexican Grill (CMG)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$15,455,736
Scott Boatwright total, FY2025
29th
CEO pay percentile vs peers
886:1
CEO-to-median pay ratio
95.11%
Say-on-pay support, latest vote
Companies that benchmark against CMG
20 companies name CMG as a compensation peer

Each company listed discloses CMG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CMG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Scott Boatwright$1,095,385$0$7,800,002$5,200,007$1,155,000$0$205,342$15,455,736
Chief Executive Officer
Curt Garner841,15403,750,0402,500,005534,4630114,7317,740,392
President, Chief Strategy and Technology Officer
Jack Hartung518,46105,200,0591,300,015249,0050117,7697,385,310
Former President and Chief Strategy Officer; Former Chief Financial and Administrative Officer
Chris Brandt781,15404,000,0801,000,009372,875098,9456,253,063
Former President, Chief Brand Officer
Roger Theodoredis661,92303,200,019800,011284,288028,8704,975,111
Former General Counsel, Chief Legal Officer
Adam Rymer650,00001,800,0531,200,007292,500049,8973,992,458
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Scott Boatwright$15,455,736$19,137,518$6,346,772−3,681,782
Curt Garner7,740,39216,033,306−8,292,914
Jack Hartung7,385,31017,501,4348,383,282−10,116,124
Chris Brandt6,253,06314,106,273−7,853,210
Roger Theodoredis4,975,11110,653,367−5,678,256
Adam Rymer3,992,4585,367,269−1,374,811

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Albert BaldocchiDirector2026-05-20D6,672$0$0CommonForm 4 ↗
Mary WinstonDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Scott MawDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Robin HickenlooperDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Mauricio GutierrezDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Albert BaldocchiDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Matthew CareyDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Josh WeinsteinDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Patricia FilikrushelDirector2026-06-11A6,88031215,000CommonForm 4 ↗
Laura FuentesDirector2026-06-11A6,88031215,000CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Curt GarnerPSU65,480196,440$3,750,040
Scott BoatwrightOPTION286,0295,200,007
Jack HartungPSU68,099204,2973,900,030
Adam RymerPSU31,43194,2931,800,053
Jack HartungOPTION71,5081,300,015
Jack HartungRSU22,7001,300,029
Curt GarnerOPTION137,5142,500,005
Chris BrandtOPTION55,0061,000,009
Roger TheodoredisOPTION44,005800,011
Chris BrandtPSU52,384157,1523,000,032
Roger TheodoredisRSU13,969800,005
Chris BrandtRSU17,4621,000,049
Scott BoatwrightPSU136,197408,5917,800,002
Adam RymerOPTION66,0071,200,007
Roger TheodoredisPSU41,907125,7212,400,014
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Curt Garner$0$3,750,040$2,500,00560.0%
Scott Boatwright07,800,0025,200,00760.0%
Jack Hartung1,300,0293,900,0301,300,01560.0%
Adam Rymer01,800,0531,200,00760.0%
Chris Brandt1,000,0493,000,0321,000,00960.0%
Roger Theodoredis800,0052,400,014800,01160.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Scott BoatwrightPSU229,457$8,489,909
Scott BoatwrightRSU59,8692,215,153
Chris BrandtRSU52,3861,938,282
Roger TheodoredisRSU37,4181,384,466
Jack HartungRSU280,37110,373,727
Jack HartungOption106,30032.14
Scott BoatwrightRSU136,1975,039,289
Roger TheodoredisPSU42,6501,578,050
Adam RymerRSU25,526944,462
Roger TheodoredisRSU13,969516,853
Adam RymerRSU6,650246,050
Curt GarnerOption137,51457.27
Chris BrandtPSU54,0501,999,850
Scott BoatwrightOption43,50032.14
Scott BoatwrightOption286,02957.27
Adam RymerOption66,00757.27
Chris BrandtOption55,00657.27
Roger TheodoredisOption44,00557.27
Roger TheodoredisOption67,65032.14
Chris BrandtPSU52,3841,938,208
Roger TheodoredisPSU41,9071,550,559
Chris BrandtRSU14,000518,000
Adam RymerRSU31,4311,162,947
Curt GarnerRSU254,8469,429,302
Jack HartungPSU73,9502,736,150
Curt GarnerPSU71,1002,630,700
Curt GarnerRSU65,4802,422,760
Chris BrandtOption43,50032.14
Scott BoatwrightRSU14,000518,000
Chris BrandtPSU229,4578,489,909
Jack HartungRSU59,8692,215,153
Curt GarnerRSU52,3861,938,282
Adam RymerRSU37,4181,384,466
Roger TheodoredisPSU178,4066,601,022
Jack HartungPSU68,0992,519,663
Scott BoatwrightPSU56,9002,105,300
Jack HartungRSU22,700839,900
Chris BrandtRSU17,462646,094
Adam RymerOption14,50032.14
Curt GarnerOption96,65032.14
Jack HartungOption71,50857.27
05

Incentive-plan design — the Compensation Discussion & Analysis

Position our target total direct compensation (base salary, target annual incentive bonus opportunity and target LTI opportunity) at a level where we can successfully recruit and retain industry leading talent critical to shaping and executing our business strategy and creating long-term value for our shareholders. Align relative realized pay with relative performance versus peers by emphasizing long-term equity over short-term cash and performance-based compensation over time-vested compensation.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-11973,639,39947,598,3542,411,24095.11%Passed
20252025-06-11603,124,052484,840,6892,077,72755.33%Passed
20242024-06-0621,990,5651,190,48026,56294.76%Passed
20232023-05-2522,789,232859,74828,92196.36%Passed
20222022-05-1823,289,295802,96220,00796.59%Passed
20212021-05-1812,243,90611,584,16320,16551.34%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1195.11%a
20252025-06-1155.33%b
20242024-06-0694.76%c

a. Approved under the standard stated in the filing — “Abstentions represent shares entitled to vote and therefore will have the same effect as a vote "AGAINST" a proposal.”.

b. Approved under the standard stated in the filing — “Abstentions represent shares entitled to vote and therefore will have the same effect as a vote "AGAINST" a proposal.”.

c. Approved under the standard stated in the filing — “Abstentions represent shares entitled to vote, and therefore will have the same effect as a vote "AGAINST" a proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)886 : 1
CEO total compensation$15,455,736
Median employee compensation$17,446
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Scott MawIndependent · Board Chair · Audit$340,000$215,032$0$0$0$555,032
Patricia Fili-KrushelIndependent · Compensation (Chair)162,500215,032000377,532
Robin HickenlooperIndependent · Nominating/Governance (Chair)155,000215,032000370,032
Mary WinstonIndependent · Audit (Chair)152,500215,032000367,532
Laura FuentesIndependent · Compensation125,000215,032000340,032
Matthew CareyIndependent · Audit125,000215,032000340,032
Mauricio GutierrezIndependent · Compensation125,000215,03200-1340,031
Albert BaldocchiIndependent · Nominating/Governance120,000215,032000335,032
Josh WeinsteinIndependent · Nominating/Governance · Partial-year service · Newly elected1,974116,656000118,630
Gregg EnglesIndependent · Nominating/Governance · Not standing for re-election · Departed during FY60,000000060,000
Scott BoatwrightEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$215,000
Per board meeting fee$2,000
Committee chair fees (audit / comp / nom-gov)42,500 / 37,500 / 30,000
Stock ownership guideline5x annual cash retainer ($550,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,366,974
Equity awards (grant-date value)$1,836,912
All other compensation$-1
Total cost of the board$3,203,885

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Chipotle Mexican Grill names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Chipotle Mexican Grill.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Uber Technologies, Inc.2025Dara Khosrowshahi$1,083,333$23,746,098$7,373,189$2,838,660$35,595,826
2Booking Holdings Inc.2025Glenn Fogel1,250,00026,202,27904,042,50035,418,102
3Darden Restaurants, Inc.2026Ricardo Cardenas1,325,00025,879,1542,380,0934,107,50134,815,979
4Starbucks Corporation2025Brian Niccol1,599,99819,881,58501,971,00030,992,773
5eBay Inc.2025Jamie Iannone1,000,00023,518,31003,570,00028,463,890
6Hilton Worldwide Holdings Inc.2025Christopher Nassetta1,300,00017,324,7225,774,9612,974,11127,674,400
7lululemon athletica inc.2025Calvin McDonald1,393,2697,800,00113,800,030994,79424,023,294
8Marriott International, Inc.2025Anthony Capuano1,400,00112,010,6964,125,2054,526,83022,970,926
9Yum! Brands, Inc.2025David Gibbs1,380,76912,459,2263,750,0123,024,00020,861,526
10Expedia Group, Inc.2025Ariane Gorin1,254,80815,689,8000017,592,584
11Chipotle Mexican Grill2025Scott Boatwright1,095,3857,800,0025,200,0071,155,00015,455,736
12Ulta Beauty, Inc.2025Kecia Steelman1,350,0034,792,8774,792,5564,383,97215,403,663
13Restaurant Brands International Inc.2025Joshua Kobza950,00012,317,91201,869,27615,159,780
14DoorDash, Inc.2025Tony Xu300,000000431,864
15Airbnb, Inc.2025Brian Chesky1000242,122

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Chipotle Mexican Grill53%PSU 60 · Options 20 · RSU 20NoMeridian Compensation Partners, LLC
Airbnb, Inc.not disclosednot disclosednot disclosedSemler Brossy Consulting Group
Booking Holdings Inc.162%PSU 60 · RSU 40Yes — Relative Total Stockholder Return (rTSR)Semler Brossy
Darden Restaurants, Inc.155%PSU 50 · Options 25 · RSU 25Yes — Relative TSRPearl Meyer
DoorDash, Inc.not disclosedRSU 100not disclosedSemler Brossy Consulting Group LLC
eBay Inc.179%PSU 60 · RSU 40Yes — Relative total shareholder return (rTSR)Pay Governance
Expedia Group, Inc.not disclosedPSU 50 · RSU 50NoCompensia, Inc.
Hilton Worldwide Holdings Inc.114%PSU 50 · RSU 25 · Options 25NoExequity
lululemon athletica inc.35.7%PSU 60 · RSU 20 · Options 20NoWTW (Willis Towers Watson)
Marriott International, Inc.162%PSU 50 · RSU 25 · Options 25NoPearl Meyer
Restaurant Brands International Inc.98%not disclosedYes — Relative TSR vs S&P 500Frederic W. Cook & Co., Inc.
Starbucks Corporation54.8%PSU 60 · RSU 40NoPay Governance
Uber Technologies, Inc.129.03%PSU 55 · RSU 22.5 · Options 22.5Yes — Relative TSRSemler Brossy Consulting Group
Ulta Beauty, Inc.180.41%Options 50 · RSU 50not disclosedWillis Towers Watson
Yum! Brands, Inc.68%PSU 50 · RSU 25 · Options 25Yes — TSR relative to S&P 500 Consumer Discretionary IndexMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Scott BoatwrightDEF 14A2026-04-280001140361-26-017294Section “2025 SUMMARY COMPENSATION TABLE” · page 54. As printed: 15,455,736. Filing ↗machine: r2 · c22 · span 1337747–1337758
2Section 01, Curt GarnerDEF 14A2026-04-280001140361-26-017294Section “2025 SUMMARY COMPENSATION TABLE” · page 54. As printed: 7,740,392. Filing ↗machine: r7 · c22 · span 1362561–1362570
3Section 01, Jack HartungDEF 14A2026-04-280001140361-26-017294Section “2025 SUMMARY COMPENSATION TABLE” · page 54. As printed: 7,385,310. Filing ↗machine: r15 · c22 · span 1401431–1401440
4Section 01, Chris BrandtDEF 14A2026-04-280001140361-26-017294Section “2025 SUMMARY COMPENSATION TABLE” · page 54. As printed: 6,253,063. Filing ↗machine: r10 · c22 · span 1377273–1377282
5Section 01, Roger TheodoredisDEF 14A2026-04-280001140361-26-017294Section “2025 SUMMARY COMPENSATION TABLE” · page 54. As printed: 4,975,111. Filing ↗machine: r13 · c22 · span 1391580–1391589
6Section 01, Adam RymerDEF 14A2026-04-280001140361-26-017294Section “2025 SUMMARY COMPENSATION TABLE” · page 54. As printed: 3,992,458. Filing ↗machine: r5 · c22 · span 1352482–1352491
7Section 03, Curt Garner PSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t265 · r10 · c22 · span 1537298–1537304
8Section 03, Scott Boatwright OPTIONDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t253 · r2 · c13 · span 1335751–1335760
9Section 03, Jack Hartung PSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t265 · r21 · c22 · span 1627583–1627589
10Section 03, Adam Rymer PSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t265 · r7 · c22 · span 1512363–1512369
11Section 03, Jack Hartung OPTIONDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t253 · r15 · c13 · span 1399555–1399564
12Section 03, Jack Hartung RSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t273 · r41 · c16 · span 1907922–1907928
13Section 03, Curt Garner OPTIONDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t253 · r7 · c13 · span 1360442–1360451
14Section 03, Chris Brandt OPTIONDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t253 · r10 · c13 · span 1375398–1375407
15Section 03, Roger Theodoredis OPTIONDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t253 · r13 · c13 · span 1389457–1389464
16Section 03, Chris Brandt PSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t265 · r13 · c22 · span 1561880–1561886
17Section 03, Roger Theodoredis RSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t273 · r34 · c16 · span 1870176–1870182
18Section 03, Chris Brandt RSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t273 · r30 · c16 · span 1845207–1845213
19Section 03, Scott Boatwright PSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t265 · r4 · c22 · span 1487861–1487868
20Section 03, Adam Rymer OPTIONDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t253 · r5 · c13 · span 1350607–1350616
21Section 03, Roger Theodoredis PSUDEF 14A2026-04-280001140361-26-017294Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t265 · r17 · c22 · span 1594347–1594353
22Section 07, pay ratioDEF 14A2026-04-280001140361-26-017294Section “CEO Pay Ratio”. As printed: 886 : 1. Filing ↗machine: span 2113163–2113171
23Section 08, Scott MawDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 555,032. Filing ↗machine: t84 · r9 · c10 · span 650542–650550
24Section 08, Patricia Fili-KrushelDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 377,532. Filing ↗machine: t84 · r5 · c10 · span 642444–642452
25Section 08, Robin HickenlooperDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 370,032. Filing ↗machine: t84 · r8 · c10 · span 648658–648666
26Section 08, Mary WinstonDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 367,532. Filing ↗machine: t84 · r11 · c10 · span 654633–654641
27Section 08, Laura FuentesDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 340,032. Filing ↗machine: t84 · r6 · c10 · span 644602–644610
28Section 08, Matthew CareyDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 340,032. Filing ↗machine: t84 · r3 · c10 · span 638255–638263
29Section 08, Mauricio GutierrezDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 340,031. Filing ↗machine: t84 · r7 · c10 · span 646495–646503
30Section 08, Albert BaldocchiDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 335,032. Filing ↗machine: t84 · r2 · c10 · span 636367–636375
31Section 08, Josh WeinsteinDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 118,630. Filing ↗machine: t84 · r10 · c10 · span 652835–652842
32Section 08, Gregg EnglesDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 60,000. Filing ↗machine: t84 · r4 · c4 · span 639359–639365
33Section 08, Scott BoatwrightDEF 14A2026-04-280001140361-26-017294Section “Director Compensation”. As printed: 0. Filing ↗
34Section 02, Albert Baldocchi 2026-05-20Form 42026-05-210001058090-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Mary Winston 2026-06-11Form 42026-06-120001058090-26-000053Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Scott Maw 2026-06-11Form 42026-06-120001058090-26-000051Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Robin Hickenlooper 2026-06-11Form 42026-06-120001058090-26-000050Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Mauricio Gutierrez 2026-06-11Form 42026-06-120001058090-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Albert Baldocchi 2026-06-11Form 42026-06-120001058090-26-000045Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Matthew Carey 2026-06-11Form 42026-06-120001058090-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Josh Weinstein 2026-06-11Form 42026-06-120001058090-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Patricia Filikrushel 2026-06-11Form 42026-06-120001058090-26-000047Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Laura Fuentes 2026-06-11Form 42026-06-120001058090-26-000048Insider equity transaction reported since the proxy statement. Filing ↗
44Section 06, 2026 voteForm 8-K2026-06-170001058090-26-000056Item 5.07 · say-on-pay result. As reported: 95.11% (votes for as printed: 973,639,399). Filing ↗
45Section 06, 2025 voteForm 8-K2025-06-130001058090-25-000041Item 5.07 · say-on-pay result. As reported: 55.33% (votes for as printed: 603,124,052). Filing ↗
46Section 06, 2024 voteForm 8-K2024-06-070001058090-24-000024Item 5.07 · say-on-pay result. As reported: 94.76% (votes for as printed: 21,990,565). Filing ↗
47Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
48Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
49Section 09b board cost (computed)ComputedcomputedCash 1,366,974 + equity 1,836,912 + all other -1 = 3,203,885, summed across the director compensation table rows.machine: formula: Σ = 3,203,885
50Uber Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-200001308179-26-000303CEO total compensation as printed in Uber Technologies, Inc.'s own proxy. As printed: 35,595,826. Filing ↗machine: t257 · r2 · c29 · span 883016–883026
51Booking Holdings Inc., Section 10b CEO totalDEF 14A2026-04-210001308179-26-000310CEO total compensation as printed in Booking Holdings Inc.'s own proxy. As printed: 35,418,102. Filing ↗machine: span 2167953–2167963
52Darden Restaurants, Inc., Section 10b CEO totalDEF 14A2026-08-100001193125-26-342023CEO total compensation as printed in Darden Restaurants, Inc.'s own proxy. As printed: 34,815,979. Filing ↗machine: r4 · c18 · span 1947073–1947083
53Starbucks Corporation, Section 10b CEO totalDEF 14A2026-01-260001213900-26-007780CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. Filing ↗machine: span 2373800–2373810
54eBay Inc., Section 10b CEO totalDEF 14A2026-04-300001552781-26-000285CEO total compensation as printed in eBay Inc.'s own proxy. As printed: 28,463,890. Filing ↗machine: t357 · r8 · c9 · span 939586–939596
55Hilton Worldwide Holdings Inc., Section 10b CEO totalDEF 14A2026-04-020001585689-26-000023CEO total compensation as printed in Hilton Worldwide Holdings Inc.'s own proxy. As printed: 27,674,400. Filing ↗machine: r2 · c27 · span 712793–712804
56lululemon athletica inc., Section 10b CEO totalDEF 14A2026-05-180001213900-26-058095CEO total compensation as printed in lululemon athletica inc.'s own proxy. As printed: 24,023,294. Filing ↗machine: t70 · r3 · c8 · span 1864711–1864721
57Marriott International, Inc., Section 10b CEO totalDEF 14A2026-03-270001140361-26-011590CEO total compensation as printed in Marriott International, Inc.'s own proxy. As printed: 22,970,926. Filing ↗machine: r2 · c28 · span 1165120–1165130
58Yum! Brands, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-142078CEO total compensation as printed in Yum! Brands, Inc.'s own proxy. As printed: 20,861,526. Filing ↗machine: t86 · r7 · c11 · span 1988224–1988234
59Expedia Group, Inc., Section 10b CEO totalDEF 14A2026-04-290001324424-26-000022CEO total compensation as printed in Expedia Group, Inc.'s own proxy. As printed: 17,592,584. Filing ↗machine: t142 · r6 · c10 · span 775351–775361
60Chipotle Mexican Grill (subject), Section 10b CEO totalDEF 14A2026-04-280001140361-26-017294CEO total compensation as printed in Chipotle Mexican Grill's own proxy. As printed: 15,455,736. Filing ↗machine: r2 · c22 · span 1337747–1337758
61Ulta Beauty, Inc., Section 10b CEO totalDEF 14A2026-04-220001104659-26-046308CEO total compensation as printed in Ulta Beauty, Inc.'s own proxy. As printed: 15,403,663. Filing ↗machine: t216 · r7 · c24 · span 1201446–1201456
62Restaurant Brands International Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-171760CEO total compensation as printed in Restaurant Brands International Inc.'s own proxy. As printed: 15,159,780. Filing ↗machine: r3 · c33 · span 809623–809633
63DoorDash, Inc., Section 10b CEO totalDEF 14A2026-04-200001792789-26-000018CEO total compensation as printed in DoorDash, Inc.'s own proxy. As printed: 431,864. Filing ↗machine: r3 · c21 · span 677820–677827
64Airbnb, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-175062CEO total compensation as printed in Airbnb, Inc.'s own proxy. As printed: 242,122. Filing ↗machine: r2 · c31 · span 402084–402091
65Section 10a, DoorDash, Inc. reciprocityDEF 14A0001792789-26-000018DoorDash, Inc.'s most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
66Section 10a, Restaurant Brands International Inc. reciprocityDEF 14A0001193125-26-171760Restaurant Brands International Inc. names Chipotle Mexican Grill in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Starbucks Corporation reciprocityDEF 14A0001213900-26-007780Starbucks Corporation's most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
68Section 10a, Uber Technologies, Inc. reciprocityDEF 14A0001308179-26-000303Uber Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
69Section 10a, Expedia Group, Inc. reciprocityDEF 14A0001324424-26-000022Expedia Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
70Section 10a, Marriott International, Inc. reciprocityDEF 14A0001140361-26-011590Marriott International, Inc.'s most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
71Section 10a, Ulta Beauty, Inc. reciprocityDEF 14A0001104659-26-046308Ulta Beauty, Inc.'s most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
72Section 10a, Yum! Brands, Inc. reciprocityDEF 14A0000950170-25-051113Yum! Brands, Inc. names Chipotle Mexican Grill in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, Airbnb, Inc. reciprocityDEF 14A0001193125-26-175062Airbnb, Inc.'s most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
74Section 10a, Booking Holdings Inc. reciprocityDEF 14A0001308179-26-000310Booking Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Chipotle Mexican Grill. Filing ↗
75Section 10a, Darden Restaurants, Inc. reciprocityDEF 14A0000950170-25-101699Darden Restaurants, Inc. names Chipotle Mexican Grill in its own disclosed peer group (read from its most recent proxy). Filing ↗