Company: WRBY
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040245
Chunk: 53

Company: Warby Parker Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 53
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 | ​ | 609,441 | ​ | ​ | ​ | ​                                                                                                          | ​ |  48,716 | ​ | ​ | ​ | —                                                                         | ​ | ​ | —                                                                            | ​ | ​ | ​                               | ​ |  1,433,242 | ​ | ​ |

(a) Fair value or change in fair value, as applicable, of equity awards in the Compensation Actually Paid columns is calculated in accordance with ASC Topic 718 and was determined by reference to (i) for solely service-vesting RSU awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting date(s); (ii) for Messrs. Blumenthal’s and Gilboa’s multi-year founders’ grants, using a Monte Carlo simulation model as of the applicable year-end date(s), which utilizes multiple input variables, including expected volatility of our stock price and other assumptions appropriate for determining fair value; and (iii) for stock options, a Black Scholes value as of the applicable year-end or vesting date(s). For all awards, fair value is determined based on the same methodology as used to determine grant-date fair value. For additional information on the assumptions used to calculate the valuation of the awards, see the Note 7 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and prior fiscal years. (b) In respect of the grant of fully vested RSUs to each NEO under our 2023 Annual Bonus Program, amounts only include the excess of the grant-date fair value of RSUs received in March 2024 over the amount of cash bonus earned in 2023 and foregone in exchange for such RSUs. The amounts of cash bonus earned and foregone by each NEO was included in the Summary Compensation Table in our 2024 Proxy Statement.

37

TABLE OF CONTENTS (4) The Peer Group TSR set forth in this table utilizes S&P Apparel, Accessories & Luxury Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting September 29, 2021, the date of the Company’s direct listing, through the end of the listed year in each of the Company and in the S&P Apparel, Accessories