Company: SBH
Filing Date: 2025-12-10
Form Type: DEF 14A
Source: 0001193125-25-313464
Chunk: 75

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-12-10
Form: DEF 14A
Chunk 75
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 |     | —             |
| Severance (5)                   |          — |     |          — |     | —          |     |    1,541,703 |     | —             |
| Equity Awards (6)               |  1,271,747 |     |          — |     | —          |     |    2,002,993 |     | —             |
| Health and Welfare Benefits (7) |          — |     |          — |     | —          |     |       46,793 |     | —             |
| Total                           |  1,640,056 |     |          — |     | —          |     |    3,959,798 |     | —             |

(1) Mr. Spinks was eligible for retirement for purposes of both AIP and stock awards, and Mr. Goss was eligible for retirement for purposes of AIP only, in each case as of September 30, 2025. (2) For purposes of the severance agreements, a “change-in-control” generally includes: (i) the acquisition by any person of 20% or more of the voting power of our outstanding Common Stock; (ii) a change in the majority of the incumbent Board of Directors; (iii) certain reorganizations, mergers or consolidations of us involving a change of ownership of 50% or more of our Common Stock or sales of substantially all of our assets; or (iv) stockholder approval of our complete liquidation or dissolution.

| SALLYBEAUTY HOLDINGS, INC. | 81 | 2025 Proxy Statement |

(3) For purposes of this table, a qualified termination means termination without cause or a resignation for good reason within 24 months following a change-in-control. “Good reason” generally includes: (i) a material diminution in authority, duties or responsibilities of the executive or the supervisor to whom the executive reports; (ii) a material reduction in the executive’s base salary; (iii) a material reduction in the budget over which the executive retains authority; (iv) a relocation of the executive’s principal location by more than 20 miles; or (v) any other material breach of the severance agreement. “Cause” generally includes: (i) the executive’s uncured demonstrably willful and deliberate material breach of duties and responsibilities, which is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company;