Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that its 50-for-1 stock split was effective after market close yesterday and its shares will begin trading on a post-split basis today.

After market close yesterday, shareholders of record as of June 18, 2024, received 49 additional shares for each share held. To commemorate this special event and in recognition of the company's strong performance, Chipotle will offer a special one-time equity grant to all restaurant general managers as well as crew members with more than 20 years of service.

"Today we celebrate the remarkable achievements of our employees by increasing ownership accessibility for team members and new investors," said Brian Niccol, Chairman and Chief Executive Officer, Chipotle. "We're excited for our employee shareholders to participate in our company's financial success as they help further our mission to Cultivate a Better World."