Company: FWRG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001789940-25-000031
Chunk: 31

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 31
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2024 Company-Performance Bonus Amount |
| Christopher A. Tomasso..................       |     |                                $905,625 |     | 70%                            |     | 113.1%                               |     |                                $717,023 |
| Henry Melville Hope, III.................      |     |                                $312,389 |     | 70%                            |     | 113.1%                               |     |                                $247,332 |
| Jay Wolszczak................................. |     |                                $322,403 |     | 70%                            |     | 113.1%                               |     |                                $255,260 |

As part of its annual review of the performance of our executive officers, the Compensation Committee determined that each of our named executive officers had achieved 100% of the portion of their bonus opportunity determined by individual business objectives:

| Named Executive Officer                     |     | Target Bonus Amount at 100% Achievement |     | Individual-Performance Weighted % |     | Individual-Performance Payout % |     | FY2024 Individual-Performance Bonus Amount |
| Christopher A. Tomasso...............       |     |                                $905,625 |     | 30%                               |     | 100%                            |     |                                   $271,688 |
| Henry Melville Hope, III..............      |     |                                $312,389 |     | 30%                               |     | 100%                            |     |                                    $93,717 |
| Jay Wolszczak.............................. |     |                                $322,403 |     | 30%                               |     | 100%                            |     |                                    $96,721 |

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Non-Qualified Stock Option and Restricted Stock Unit Awards

Equity Grant Guidelines and Practices

The Compensation Committee reviews and approves, upon management recommendation with respect to the named executive officers other than Mr. Tomasso and in the case of Mr. Tomasso, on its own initiative, the grant of non-qualified stock options and restricted stock units to the named executive officers in amounts appropriate for an individual’s level of responsibility, ability to affect the achievement of overall corporate goals, individual performance, tenure, and potential. The Compensation Committee intends for the grant date fair value of the equity incentive awards to approximate the median of the peer group, with adjustments as necessary. In order to determine the number of shares subject to each award, the Compensation Committee establishes the long-term equity incentive award value for each