Vice Chairman John Pappas sold 100,000 CHEF shares for $5,419,177.38 in two transactions at blended avg $54.19
John Pappas, Vice Chairman and COO, executed two separate sales on March 10, 2025, totaling 100,000 shares (100.0K shares) for $5,419,177.38, with per-transaction prices of $54.07 and $54.70 and a blended average price of $54.19. His post-transaction holdings of 754,930 shares represent an 11.7% reduction from his prior position of 854,930 shares. The current stock price of $53.30 is 19.7% below the 52-week high of $66.35, and the company's P/E of 31.35 reflects a premium valuation despite strong fundamentals (annual revenue growth of 10.5% and net income of $14.1M on revenue of $931.5M). The timing and magnitude of this insider reduction warrants investor attention given the elevated valuation multiple and the executive's substantial but reduced continued stake.