Company: FWRG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001789940-25-000031
Chunk: 43

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 43
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 for service as a member of the Nominating and Corporate Governance Committee and $10,000 for service as the Nominating and Corporate Governance Committee Chair.

(2) Reflects the grant date fair value of restricted stock units granted to our non-employee directors that are not employees of Advent in fiscal 2024, determined in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Stock Compensation (“FASB ASC Topic 718”).

(3) Effective August 20, 2024, Ms. Bradley resigned from her position as a Director of the Company for personal reasons.

(4) Mr. Fleisher joined our Board on November 1, 2024 and received a pro rata portion of the annual cash retainer paid to non-employee directors.

(5) Mr. Jemley joined our Board on August 22, 2024 and received a pro rata portion of the annual cash retainer paid to non-employee directors.

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As of December 29, 2024, our non-employee directors held the following aggregate number of restricted stock units (unvested) as well as stock options received as compensation for their service on the Board prior to our IPO:

| Name              |     | Restricted stock units 
                    (#) |     | Nonqualified stock options 
                        (#) |
| Ralph Alvarez     |     |                  7,792 |     |                    197,300 |
| Irene Chang Britt |     |                  5,194 |     |                          — |
| Michael Fleisher  |     |                  8,153 |     |                          — |
| Charles Jemley    |     |                  8,134 |     |                          — |
| William Kussell   |     |                  5,194 |     |                     98,650 |
| Stephanie Lilak   |     |                  5,194 |     |                          — |
| Jostein Solheim   |     |                  5,194 |     |                          — |

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### SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth, as of the Record Date, the number of shares of First Watch Common Stock beneficially owned by:

• each person or group who is known by us to own beneficially more than 5% of our Common Stock;

• each member of our Board and each of our named executive officers; and