Company: MCW
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052554
Chunk: 38

Company: Mister Car Wash, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 38
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 Discussion and Analysis

Elements of Compensation The primary elements of our NEOs’ compensation and the main objectives of each are: • Base Salary . Base salary attracts and retains talented executives, recognizes individual roles and responsibilities, and provides stable income; • Annual Performance-Based Incentive Compensation . Annual performance bonuses promote short-term performance objectives and reward executives for their contributions toward achieving those objectives; • Equity Based Long-Term Incentive Compensation . Equity compensation, provided in the form of stock options and RSUs, aligns executives’ interests with our stockholders’ interests, emphasizes long-term financial and operational performance, and helps retain executive talent. In addition, our NEOs are eligible to participate in our health and welfare programs and our 401(k) plan on the same basis as our other employees. We also maintain severance and change in control arrangements, which aid in attracting and retaining executive talent and help executives to remain focused and dedicated during potential transition periods due to a change in control. Each of these elements of compensation for 2024 is described further below. Base Salary The base salaries of our NEOs are an important part of their total compensation package, and are intended to reflect their respective positions, experience, duties, and responsibilities. Base salary is a visible and stable fixed component of our compensation program. Base salaries provide our NEOs with a reasonable degree of financial certainty and stability. Our Compensation Committee, and with respect to our Chief Executive Officer, the Board, annually reviews and determines the base salaries of our executives and evaluates the base salaries of new hires at the time of hire. Our NEOs’ base salary rates were as set forth below:

| Name            |     | 2024 Base Salary Rate as of 12/31/2024 |           |
|:----------------|:----|:---------------------------------------|----------:|
| John Lai        |     | $                                      | 1,000,000 |
| Jedidiah Gold   |     | $                                      |   500,000 |
| Mary Porter     |     | $                                      |   395,000 |
| Joseph Matheny  |     | $                                      |   350,000 |
| Markus Hartmann |     | $                                      |   360,000 |
| Mayra Chimienti |     | $                                      |   350,000 |

Cash Incentive Compensation We consider cash incentive bonuses to be an important component of our total compensation program and to provide incentives necessary to retain executive officers. For 2024, each NEO was eligible to receive an