Company: FCFS
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000840489-25-000055
Chunk: 43

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 43
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 their interests with those of its stockholders.

The mix of compensation elements at target award levels for the CEO used in 2024 is as follows:

The mix of compensation elements at target award levels for the average of the COO, CFO and the AFF president used in 2024 is as follows:

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Key Features of the Executive Compensation Program

The Compensation Committee is mindful of evolving practices in executive compensation and corporate governance. The table below highlights the Company’s current executive compensation practices—both the practices it believes will drive performance and mitigate risk (left column) and the practices it has not implemented or eliminated because it does not believe they would serve stockholders’ long-term interests (right column).

| What The Executive Compensation Program Does:                                                                                                                                                                                                                              |     | What The Executive Compensation Program Does Not Do:                                                                                                                                                                                                                       |
| Emphasizes an appropriate mix of cash and equity, annual and long-term compensation and fixed and variable pay.  For 2024, 100% of the APIP and 50% of the LTIP awards for the CEO, COO, CFO and AFF president are performance-based and use multiple metrics in each plan |     | Does not provide for annual cash incentive compensation payouts based on a single performance metric, reducing compensation program risk as a result                                                                                                                       |
| Pays senior executives’ salaries commensurate with their backgrounds, years of experience, special skill sets and competitive practice                                                                                                                                     |     | Does not provide guaranteed salary increases or guaranteed incentive-based or other long-term compensation payouts to executives                                                                                                                                           |
| Provides annual cash incentive awards that are tied directly to the Company’s performance, which is based on achievement of target earnings and net revenue metrics                                                                                                        |     | Does not normally contemplate discretionary cash awards to the CEO, COO, CFO and AFF president, but does recognize that there may be situations when judgment can and should be exercised in the context of unusual and unanticipated circumstances                        |
| Caps the maximum annual incentive award and long-term performance award for the CEO, COO, CFO and AFF president and provides minimum performance thresholds below which no incentive awards are granted, serving to manage compensation program risk                       |     | Does not provide for automatic minimum payout awards for annual or long-term performance-based awards                                                                                                                                                                      |
| Provides annual grants of long-term performance-based equity awards based on attainment of cumulative long-term growth targets for adjusted net income along with relative total stockholder returns coupled proportionally with time-vested awards                        
 Equity awards are forfeited if the executive leaves the