Company: WRBY
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040245
Chunk: 45

Company: Warby Parker Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 45
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32

TABLE OF CONTENTS (1) Amounts reflect the threshold, target, and maximum payouts under our 2024 Annual Bonus Program, with the threshold assuming achievement of only Adjusted EBITDA at the threshold level and the maximum assuming achievement of both performance goals at maximum with a 20% stakeholder modifier adjustment upwards. Amounts earned by each NEO are to be paid in the form of fully vested RSUs by dividing the earned bonus amount by the closing trading price of our Class A common stock on the grant date, rounded up to the nearest whole RSU. The actual amounts awarded to our NEOs in March 2025 are set forth in the Summary Compensation Table above. Additional information regarding our 2024 Annual Bonus Program is set forth in “Compensation Discussion and Analysis—Elements of the Company’s Executive Compensation Program—2024 Annual Bonus Program.” (2) Consists of the DAF Grants, although neither Mr. Blumenthal nor Mr. Gilboa has a pecuniary interest therein. (3) Consists of the number of fully vested RSUs, rounded up to the nearest whole share, granted under our 2023 Annual Bonus Program, equal to the excess of the grant-date fair value of RSUs received in March 2024 over the amount of cash bonus earned in 2023 and foregone in exchange for such RSUs. The total number of RSUs granted in March 2024 was determined by dividing the earned bonus amount by the volume weighted average trading price of our Class A common stock on the trading day prior to the grant date. (4) Constitutes an RSU award that vests in substantially equal monthly installments over four years from the grant date, subject to continued service by the named individual. (5) Amounts reflect the full grant-date fair value of RSU awards computed in accordance with ASC Topic 718, rather than the amounts paid to or realized by the named individual. See Note 7 to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2024 for the assumptions used in calculating these values. Outstanding Equity Awards at Fiscal Year-End Table The following table summarizes the number of shares of Common Stock underlying outstanding equity incentive plan awards for each NEO as of December 31, 2024.

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