Company: FCFS
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000840489-25-000055
Chunk: 59

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 59
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2024. Therefore, each vested in 21,270 shares, 7,379 shares and 7,379 shares, respectively, on December 31, 2024.

2023 Senior Executive LTIP Grants — In 2023, the CEO, COO and CFO were granted performance-based and time-based restricted stock awards under the senior executive LTIP. The performance-based awards have a three-year cumulative performance period that began on January 1, 2023 and ends on December 31, 2025. The time-based awards have a three-year cliff vesting schedule under which the shares will vest if the participant remains employed by the Company through December 31, 2025. These grants are more fully described in the table of Outstanding Equity Awards as of December 31, 2024 provided later in this section.

Summary of Historical Performance-Based Senior Executive LTIP Payout Results

The historical payout results for the performance-based senior executive LTIP awards indicate the performance goals have historically demonstrated a sufficient level of rigor. For the past five award cycles with completed performance periods (the 2018, 2019, 2020, 2021 and 2022 grants):

• The average payout for the five-year period was 114% of the target award.

• The maximum payout of 150% of target was only achieved for two grants, the 2021 and 2022 award.

• The 2019 grant resulted in no payout to the executives.

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The following chart details the senior executive LTIP award earned over the performance period for the CEO, COO and CFO for the 2018, 2019, 2020, 2021 and 2022 grants:

Long-Term Equity Awards to Other NEOs

The long-term equity awards granted to the AFF president were structured similarly to the senior executive LTIP awards described above for the CEO, COO and CFO. The AFF president receives performance-based restricted stock awards tied to AFF’s adjusted EBITDA and the Company’s relative TSR performance, both weighted equally and over a three-year performance period.

For 2024, the total threshold, target and maximum performance-based awards were 2,304 shares, 6,145 shares and 9,218 shares, respectively. In addition, the AFF president was granted 6,145 time-based restricted stock awards that have a three-year cliff vesting schedule under which the shares will vest if he remains employed by the Company through December 31,