Company: SBH
Filing Date: 2025-12-10
Form Type: DEF 14A
Source: 0001193125-25-313464
Chunk: 76

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-12-10
Form: DEF 14A
Chunk 76
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 and (ii) the executive’s commission of a felony involving moral turpitude. (4) Reflects the current fiscal year AIP award payout, which was not yet paid as of September 30, 2025. (5) Reflects a severance payment of 1.99 times the NEO’s base salary as of the end of FY25 plus 1.99 times the average of the NEO’s AIP award payouts for the previous five fiscal years (excluding FY25), payable in a lump sum. Because she commenced employment in FY20, an annualized bonus was used for FY20 for Ms. Cormier. (6) Reflects the estimated value of unvested in-the-money stock options, PSUs and RSUs based on the closing price per share of our Common Stock on September 30, 2025 of $16.28. For purposes of this calculation, unvested stock options having a value less than $16.28 have a value of $0. For PSUs, calculations are based on the following: (i) in the case of death, disability, or retirement, 100% of the target number of units for the FY25-27 rTSR PSUs and FY24-26 rTSR PSUs, 77.9% of the target number of units for the FY23-25 rTSR PSUs, 82.9% of the target number of units for the FY23-25 Y1AOIM PSUs, 74.1% of the target number of units for the FY23-25 Y2AOIM PSUs, 97.6% of the target number of units for the FY23-25 Y3AOIM PSUs, 74.1% of the target number of units for the FY24-26 Y1AOIM PSUs, 97.6% of the target number of units for the FY24-26 Y2AOIM PSUs, and 97.6% of the target number of units for the FY25-27 Y1AOIM PSUs; and (ii) in the case of a change-in-control with qualified termination, 100% of the target number of units for the FY25-27 rTSR PSUs, FY24-26 rTSR PSUs and FY23-25 rTSR PSUs, 82.9% of the target number of units for the FY23-25 Y1AOIM PSUs, 74.