Company: SVV
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001883313-25-000019
Chunk: 37

Company: Savers Value Village, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 37
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 excluding the impact of interest expense, net, income tax expense (benefit), depreciation and amortization, loss on extinguishment of debt, stock-based compensation expense, non-cash occupancy-related costs, lease intangible asset expense, pre-opening expenses, store closing expenses, executive transition costs, transaction costs, dividend-related bonus, loss (gain) on foreign currency, net, and certain other adjustments.

#### Performance Goals and Payouts for Fiscal 2024 AIP
For fiscal 2024 AIP, the Board and Committee viewed the use of annual cash bonuses as an effective means to compensate the NEOs for achieving annual financial goals. Pursuant to our AIP for fiscal 2024, our NEOs generally were eligible for bonus payments after year-end based on the achievement of financial performance criteria.

| Savers Value Village, Inc. | 31 |     | 2025 Proxy Statement |

Table of C ontents

The performance metric chosen for the year was Adjusted EBITDA, which our Board believed was an appropriate performance measure for fiscal 2024 to motivate our key executives, including the NEOs, because the metric reflects our growth. Our plan provided for a threshold 10% payout if we achieved 86% of our goal; 100% payout if we achieved 100% of our goal; and a maximum 200% payout if we achieved 120% of our goal. Performance below the threshold would result in no payout.

The payout level for fiscal 2024 for each NEO was approximately 10% of bonus target based on our achievement of approximately 86% of the goal under the AIP.

Fiscal 2024 AIP Incentive Adjusted EBITDA

|                           |     |   |             | Threshold |   |             | Target |   |             | Maximum |   |             | Actual* |
|:--------------------------|:----|:--|------------:|:----------|:--|------------:|:-------|:--|------------:|:--------|:--|------------:|:--------|
| Performance goal          |     | $ | 297,053,148 |           | $ | 345,410,637 |        | $ | 414,492,764 |         | $ | 298,154,397 |         |
| Percentage of target      |     |   |          86 | %         |   |         100 | %      |   |         120 | %       |   |          86