Matthew R. Bush, controller and principal accounting officer of Chipotle Mexican Grill Inc., sold 2,675 common shares on August 21 for a total of $95,631, according to a regulatory filing.
The transaction was executed at $35.75 per share, with the stock closing at $38.02 on the same day. The disposal follows a nearly 14% advance over the prior week, lifting the share price to its highest level in 14 weeks.
After the sale, Bush retains 21,415 shares directly, including 284 shares acquired through the company’s Employee Stock Purchase Plan. The filing did not specify the purpose of the transaction.
Chipotle separately addressed concerns over food safety incidents. The company stated its annual financial targets do not account for potential costs related to a salmonella outbreak in Minnesota, where health officials reported 110 cases linked to Chipotle locations. Of those affected, 75 individuals reported consuming food at the chain between June 14 and July 14, prompting the temporary removal of jalapeños from certain outlets.
A separate cyclosporiasis outbreak in Michigan, linked to lettuce supplied by Taylor Farms from central Mexico and served at Taco Bell, has reported 12,218 cases and two deaths across nine states. Chipotle has not been implicated in this incident.
