Company: SVV
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001883313-25-000019
Chunk: 53

Company: Savers Value Village, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 53
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 the performance-based options will become vested to the extent the MOIC returns described above are met in connection with the change in control.

Omnibus Incentive Compensation Plan. In connection with the IPO, we adopted our Omnibus Incentive Compensation Plan (the “Omnibus Incentive Plan”), which replaced the 2019 Management Incentive Plan. As a result, equity awards granted on and following our IPO are under the Omnibus Incentive Plan. Our named executive officers, as well as other team members, directors, officers, consultants or advisors, are eligible to receive awards under the Omnibus Incentive Plan, which has a ten-year term. The Omnibus Incentive Plan provides for “double-trigger” vesting (that is, vesting in the event of a termination without cause upon or following a change in control), unless otherwise provided in an award agreement.

The 2023 RSU agreements provide that if a holder’s employment is terminated due to death or disability, then the portion of the RSU that would vest on the next scheduled vesting date will become vested.

The 2024 RSU award agreements provide that if a holder’s employment is terminated due to death or disability, the awards will fully accelerate. In 2024, we began issuing stock option awards to our NEOs under the Omnibus Incentive Plan, with full acceleration of the unvested portion in the event of the holder's death or disability.

| Savers Value Village, Inc. | 44 |     | 2025 Proxy Statement |

Table of C ontents

Potential Payments Upon Termination or Change of Control

The table below reflects estimates of the amount of compensation and benefits for each named executive officer under the employment agreements, equity award agreements and plans described under “Additional Narrative Disclosure” above in the event of a (i) termination without cause or resignation for good reason, (ii) termination by reason of the executive’s death or disability, or (iii) upon a change in control (including “double-trigger” vesting where applicable). The amounts shown assume that the applicable triggering event occurred on December 28, 2024 and, therefore, are only estimates of the amounts that would be paid to the named executive officers upon the occurrence of the applicable triggering event under arrangements in effect on such date.

| Mark Walsh                                                                   |     |   |           | Cash Benefits 
 ($)           | Accelerated Vesting of 
       Equity Awards(1) 
                    ($) |            |   |
|: