Company: WRBY
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040245
Chunk: 34

Company: Warby Parker Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 34
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 a peer group of companies developed in consultation with Semler Brossy, and other compensation-related matters. Semler Brossy reports directly to our Compensation Committee and does not provide any services to us other than the services provided to or at the request of our Compensation Committee. The Compensation Committee has considered the adviser independence factors required under SEC rules as they relate to Semler Brossy and has determined that Semler Brossy’s work does not raise a conflict of interest. Stockholder Advisory Vote on Executive Compensation We intend to hold a “Say-on-Pay” vote at every annual meeting of stockholders. The Compensation Committee takes into consideration the results of our Say-on-Pay vote when making decisions regarding the structure and implementation of our executive compensation program. At our 2024 Annual Meeting of Stockholders, over 99% of the votes cast in the Say-on-Pay Vote were in favor of our executive compensation program. We view this level of stockholder support as affirmation of our current executive compensation program and philosophy. Use of Comparative Market Data The Compensation Committee assesses the competitiveness of each element of the executive officers’ total direct compensation against the compensation peer group. This is only one factor that the Compensation Committee considers when it sets pay levels for our executive officers. In developing this compensation peer group, the Compensation Committee, in collaboration with Semler Brossy, considered a number of factors, including: ● Industry : Companies with a focus on retail, e-commerce, telehealth, optical, social network platforms and/or consumer products. ● Revenues : Approximately 0.5x to 5x of our revenues over the trailing four quarters. ● Market Capitalization : Approximately 0.5x to 5x our market capitalization. ● Business Model : Preference for companies with a recent initial public offering or direct listing; sustained, double-digit revenue growth and premium valuation; and/or B-Corporation status (or similar orientation). ● Talent : Preference for companies with which we compete for talent. When determining 2024 executive compensation, the Compensation Committee reviewed and considered the compensation levels and practices of the below group of companies, with the advice of Semler Brossy. 25

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As a result, the Compensation Committee approved the following peer group for 2024 compensation decisions:

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 Allbirds, Inc.            
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 Bausch + Lomb Corporation 
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 American Well Corporation 
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 FIGS, Inc.                
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