Chipotle Approves 50-to-1 Stock Split, One-Time Grant for Employees in First Split Ever

• Chipotle's board approved a 50-for-1 stock split, following a similar move by Walmart earlier this year • This is Chipotle's first ever stock split in its 30-year history • The split aims to make Chipotle's share price more accessible to employees and a wider range of investors • Chipotle is also offering a one-time equity grant to restaurant managers and long-term employees • Walmart split its shares 3-for-1 in February to enable more employees to become shareholders