Company: WRBY
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040245
Chunk: 35

Company: Warby Parker Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 35
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 date fair value of RSU awards granted in March 2024 under the 2023 Annual Bonus Program, over the amount of cash bonus earned in 2023 and foregone in exchange for such RSUs. In addition, as discussed below, in 2024 the Board approved grants to charitable donor-advised funds (each, a “DAF”) directed by Messrs. Blumenthal and Gilboa to provide an additional incentive in their efforts to lead the Company. These elements (and the amounts of compensation and benefits under each element) were selected because we believe they are necessary to help us attract and retain executive talent which is fundamental to our success. Below is a more detailed summary of the current executive compensation program as it relates to our NEOs. Base Salary Our NEOs each receive a base salary to compensate them for services rendered to the Company. The base salary payable to each NEO is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role, and responsibilities. Our Board of Directors and Compensation Committee may adjust base salaries from time to time at their discretion. For 2024, the Compensation Committee conducted an annual review of base salaries for our NEOs referencing the base salaries paid to executives in similar positions at our peer group of companies, and based on that review and in order to better align compensation with market practices, the annual base salaries for our NEOs were increased in 2024 to the following amounts:

| Executive       | ​ | ​ | FY24 Salary |   |         |   | ​ | ​ | Percentage Increase |   |      |   | ​ |
|:----------------|:--|:--|:------------|:--|--------:|:--|:--|:--|:--------------------|:--|:-----|:--|:--|
| Neil Blumenthal | ​ | ​ | ​           | $ | 555,000 | ​ | ​ | ​ | ​                   | ​ | 5.7% | ​ | ​ |
| Dave Gilboa     | ​ | ​ | ​           | $ | 555,000 | ​ | ​ | ​ | ​                   | ​ | 5.7% | ​ | ​ |
| Steve Miller    | ​ | ​ | ​           | $ | 500,000 | ​ | ​ | ​ | ​                   | ​ | 5.8% | ​ | ​ |

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TABLE OF CONTENTS

2024 Annual Bonus Program We maintain an annual performance-based bonus program in