Company: FWRG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001789940-25-000031
Chunk: 28

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 28
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|                                                  |     | 2022 |     | 404,863 |     |  24,798 |     |            — |     |       850,000 |     |                                233,808 |     |                 21,776 |     | 1,535,245 |
| Jay Wolszczak,                                   |     | 2024 |     | 460,575 |     |       — |     |      600,000 |     |             — |     |                                351,981 |     |                 29,470 |     | 1,442,026 |
| Chief Legal Officer, General Counsel & Secretary |     | 2023 |     | 453,857 |     |       — |     |      350,000 |     |             — |     |                                537,241 |     |                 24,458 |     | 1,365,556 |

____________________________

(1) Salary represents the amounts earned in fiscal 2024, 2023 and 2022, as applicable, pursuant to the terms of each NEO’s respective employment agreement. See “Employment Agreements” below.

(2) Amounts reflect portion of cash incentive bonus earned in fiscal 2022 attributable to Compensation Committee’s use of discretion to increase payout on the company-based performance incentive pool from 75% to 87.5%.

(3) Amounts reflect the aggregate grant date fair value of restricted stock units granted to our NEOs in fiscal 2024 and 2023 and stock options granted to our NEOs in fiscal 2022, as computed in accordance with FASB ASC Topic 718. For additional information related to assumptions used in the determination of the fair value of stock-based compensation awards, refer to Note 17 to the financial statements included in our Annual Report on Form 10-K for the year ended December 29, 2024.

(4) Amounts reflect the cash incentive bonuses earned. See “Annual Cash Incentive Bonus” below.

(5) Payments to our NEOs included in the “All Other Compensation” column for fiscal 2024 include the following:

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| Name                     |     | Year |     | Life insurance premiums 
                     ($) |     | 401(k) employer match 
                   ($) |     | Long term disability 
              benefit 
                  ($) |     | Health insurance premiums 
                       ($) |     | Executive physical services