Company: MCW
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000950170-25-052554
Chunk: 48

Company: Mister Car Wash, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 48
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 net lump sum for incidentals. Ms. Porter was also entitled to a one-time $62,000 sign-on bonus when she joined the Company in April of 2023. If Ms. Porter's employment had terminated before her one-year anniversary, she would have been obligated to repay the full amount of the bonus.

Joseph Matheny

We are party to a promotion letter with Mr. Matheny dated October 15, 2023, providing for his employment as Chief Innovation Officer. The promotion letter provides Mr. Matheny is entitled to an initial base salary of $350,000 and eligible for an annual performance-based bonus with a target opportunity of 40% of his annual base salary and an annual equity grant of RSUs and stock options with an aggregate grant value of $250,000.

Markus Hartmann

As of December 31, 2024, we were party to an offer letter with Mr. Hartmann dated September 28, 2022, providing for his employment as General Counsel. The offer letter provides Mr. Hartmann is entitled to an initial base salary of $350,000 and eligible for an annual performance-based bonus with a target opportunity of 40% of his annual base salary and an annual equity grant of RSUs and stock options with an aggregate grant value of $250,000. Further, Mr. Hartmann was entitled to executive relocation benefits, consisting of a $25,000 bonus as well as relocation assistance.

On January 24, 2025, Mr. Hartmann entered into the Hartmann Transition Agreement in connection with his transition from his role as General Counsel. The Hartmann Transition Agreement provided that Mr. Hartmann continued to receive his base salary until February 6, 2025, the Company continued to pay the employer portion of premiums for his healthcare coverage until February 28, 2025; and that Mr. Hartmann remained eligible to earn an annual cash performance bonus for the 2024 fiscal year under the MCW Executive Bonus Program. Additionally, Mr. Hartmann’s unvested equity awards that were originally scheduled to vest in 2025, representing 26,828 stock options and 13,022 restricted stock units accelerated and immediately vested on February 6, 2025, and all remaining unvested equity awards were forfeited. Concurrent with that acceleration, the exercise period for his vested options was extended until February 6, 2026.

| 2025 Proxy Statement |     | 35 |

Compensation Discussion and Analysis

From February