Company: FWRG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001789940-25-000031
Chunk: 17

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 17
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 assist the Board in overseeing our employee compensation policies and practices, including:

• determining, approving and recommending to the Board for its approval executive officer compensation arrangements, plans, policies and programs;

• evaluating the performance of the CEO and other executive officers against corporate goals and objectives; and

• reviewing, approving, and recommending to the Board for its approval Company-wide and executive bonuses plans or programs and equity-based compensation plans.

The charter also provides that the Compensation Committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the Compensation Committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC. In addition, members of our senior management may report on the performance of the other executive officers of the Company and make compensation recommendations to the Compensation Committee, which will review and, as appropriate, approve the compensation recommendations.

Nominating and Corporate Governance Committee

Ralph Alvarez, Irene Chang Britt, David Paresky and William Kussell serve on the Nominating and Corporate Governance Committee. Ms. Britt serves as the Chair of the Nominating and Corporate Governance Committee. The

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Nominating and Corporate Governance Committee held three (3) meetings and acted by written consent without a meeting on one (1) occasion during the fiscal year ended December 29, 2024.

The primary purposes of the Nominating and Corporate Governance Committee are to recommend candidates for appointment to the Board and to assist the Board in its oversight of the Company’s corporate governance practices, including:

• identifying and screening individuals qualified to serve as directors, and recommending to the Board candidates for nomination for election at the annual meeting of stockholders or to fill Board vacancies;

• developing, recommending to the Board and reviewing the Company’s Corporate Governance Guidelines;

• coordinating and overseeing the annual self-evaluation of the Board and its committees; and

• reviewing on a regular basis the overall corporate governance of the Company and recommending improvements for approval by the Board where appropriate.

Compensation Committee Interlocks and Insider Participation

The members of our Compensation Committee during the fiscal year ended December 29, 2024 were Ralph Alvarez, Michael Fleisher, Tricia Glynn and Stephanie Lilak. During fiscal 2024, none of our executive officers served (i