Company: MCW
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052554
Chunk: 49

Company: Mister Car Wash, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 49
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 7, 2025 to March 6, 2026, the Hartmann Transition Agreement provides that Mr. Hartmann will receive a monthly severance payment of $30,000, reduced by taxes and withholdings. On February 28, 2025, Mr. Hartmann became eligible for a continuation of healthcare coverage at his own expense under the provisions of COBRA for a period of up to 18 months. In addition, the employer and employee portion of premiums for the continuation of Mr. Hartmann’s healthcare coverage until March 31, 2026 will be added to his monthly severance payments.

Mayra Chimienti

On June 21, 2024, Ms. Chimienti resigned from her position as Chief Operating Officer and entered into the Chimienti Transition Agreement. The Chimienti Transition Agreement provided that, from June 22, 2024 until December 31, 2024: (1) Ms. Chimienti’s annual base salary, health and other insurance benefits remained unchanged; (2) Ms. Chimienti was eligible to earn an annual cash performance bonus under the MCW Executive Bonus Program for the 2024 fiscal year payable pursuant to the terms of that program; and (3) Ms. Chimienti continued to receive health and other insurance benefits until December 31, 2025.

Additionally, the vesting of Ms. Chimienti’s outstanding equity grants originally scheduled to vest during fiscal year 2025, representing 34,511 stock options and 16,007 restricted stock units, were accelerated and vested on December 31, 2024. From January 1, 2025 through December 31, 2025, Ms. Chimienti will receive: (1) monthly severance payments of $29,166.67 reduced by taxes and withholdings; and (2) continuation of healthcare benefits for a period of eighteen (18) months under provisions of COBRA.

Prior to her entry into the Chimienti Transition Agreement, we were party to a promotion letter with Ms. Chimienti dated March 16, 2022, providing for her employment as Chief Operating Officer. The promotion letter provides Ms. Chimienti is entitled to an initial base salary of $325,000 and eligible for an annual performance-based bonus with a target opportunity of 40% of her annual base salary and an annual equity grant of RSUs and stock options with an aggregate grant value of $250,000.

Executive Sever