Company: MCW
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052554
Chunk: 39

Company: Mister Car Wash, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 39
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 annual performance-based cash bonus based on a specified target annual bonus award amount, expressed as a percentage of the NEO’s base salary. In fiscal 2024, our NEOs participated in our annual cash incentive bonus program at the following target percentages of base salary:

| Name            |     | Target Bonus as a Percentage of Base Salary |
| John Lai        |     | 100%                                        |
| Jedidiah Gold   |     | 75%                                         |
| Mary Porter     |     | 40%                                         |
| Joseph Matheny  |     | 40%                                         |
| Markus Hartmann |     | 40%                                         |
| Mayra Chimienti |     | 40%                                         |

Such target bonuses as a percentage of base salary were not increased from the prior year except for Mr. Gold whose target bonus percentage increased from 50% to 75% following the Compensation Committee's consideration of the factors set forth above under “Determination of Executive Compensation.” Our 2024 Executive Bonus Program was based on the achievement of a single Company performance metric of adjusted EBITDAR to plan. Adjusted EBITDAR is defined as net income before interest expense, net, income tax provision,

| 2025 Proxy Statement |     | 27 |

Compensation Discussion and Analysis

depreciation and amortization expense, gain on sale of assets stock-based compensation expense and related taxes, acquisition expenses, non-cash rent expense, other nonrecurring charges, cash rent expense, bonus expense and acquired store EBITDA. Adjusted EBITDAR was used because it incentivizes profitability irrespective of the timing of sale-leaseback transactions the Company may pursue. Adjusted EBITDAR is a non-GAAP measure. For definitions and reconciliation to the most directly comparable U.S. GAAP measure, see “Definitions and Reconciliations of Non-GAAP Financial Measures” in Appendix A. Adjusted EBITDAR is not a substitute for or superior to the comparable financial measure under GAAP. The adjusted EBITDAR target (or plan) for 2024 was $434.7 million. Minimum payouts required a threshold achievement level of 94% adjusted EBITDAR to plan, with target performance achieved at 100% of plan, and maximum achievement at 110% of plan. For actual performance between the specified threshold, target, and maximum levels, the resulting payout percentage would be interpolated on a linear basis. The following table sets forth each NEO’s bonus payout opportunity (