# EDGAR Filing Document

**Accession Number:** 0001289460
**File Stem:** 0001104659-26-041771
**Filing Date:** 2026-4
**Character Count:** 410234
**Document Hash:** 99390a27aff57f08142b61b89cfbe6bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-041771.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0001104659-26-041771

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 29

**CONFORMED PERIOD OF REPORT**: 20260521

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Texas Roadhouse, Inc.
- **CENTRAL INDEX KEY:** 0001289460
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1230

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-50972
- **FILM NUMBER:** 26853212

**BUSINESS ADDRESS:**
- **STREET 1:** 6040 DUTCHMANS LANE
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40205
- **BUSINESS PHONE:** 5024269984

**MAIL ADDRESS:**
- **STREET 1:** 6040 DUTCHMANS LANE
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40205

?xml version='1.0' encoding='ASCII'? Texas Roadhouse, Inc.

[**Table of Contents**](#TOC)

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14A**

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No. ______________________)

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| | |
|:---|:---|
| Filed by the Registrant ☒ | Filed by the Registrant ☒ |
| Filed by a Party other than the Registrant ☐ | Filed by a Party other than the Registrant ☐ |
| Check the appropriate box: | Check the appropriate box: |
| ☐ | Preliminary Proxy Statement |
| ☐ | **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material under §240.14a-12 |

---

---

| | |
|:---|:---|
| **Texas Roadhouse, Inc.** | **Texas Roadhouse, Inc.** |
| <br>**(Name of Registrant as Specified In Its Charter)** | <br>**(Name of Registrant as Specified In Its Charter)** |
| <br>**(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** | <br>**(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** |
| Payment of Filing Fee (Check the appropriate box): | Payment of Filing Fee (Check the appropriate box): |
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |

---

[**Table of Contents**](#TOC)

![Graphic](txrh-20260521xdef14a_a001.jpg)

April 10, 2026

To our Shareholders:

You are cordially invited to attend the 2026 Annual Meeting of Shareholders of Texas Roadhouse, Inc. (the "***Company***") on Thursday, May 21, 2026. The meeting will be held at the Texas Roadhouse Support Center located at 6040 Dutchmans Lane, Louisville, Kentucky at 9:00 a.m. eastern daylight time.

The official Notice of Annual Meeting, Proxy Statement, and Proxy Card are enclosed with this letter.

Please take the time to read carefully each of the proposals for shareholder action described in the accompanying proxy materials. Whether or not you plan to attend, you can ensure that your shares are represented at the meeting by promptly completing, signing and dating your Proxy Card and returning it in the enclosed postage-paid envelope. Shareholders of record can also vote by touch-tone telephone from the United States, using the toll-free number on the Proxy Card, or by the Internet, using the instructions on the Proxy Card. If you attend the meeting, then you may revoke your proxy and vote your shares in person.

Your interest and participation in the affairs of the Company are greatly appreciated. Thank you for your continued support.

---

| |
|:---|
| Sincerely, |
| ![Graphic](txrh-20260521xdef14a_a002.jpg) |
| Gerald L. Morgan |
| *Chief Executive Officer and Executive Vice Chairman* |

---

[**Table of Contents**](#TOC)

**TEXAS ROADHOUSE, INC.**

**6040 Dutchmans Lane**

**Louisville, Kentucky 40205**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**2026 Annual Meeting of Shareholders (the "*Annual Meeting*")**<br>**of Texas Roadhouse, Inc., a Delaware corporation (the "*Company*")** | &nbsp;&nbsp;**2026 Annual Meeting of Shareholders (the "*Annual Meeting*")**<br>**of Texas Roadhouse, Inc., a Delaware corporation (the "*Company*")** |
| &nbsp;&nbsp;**Date and Time:**<br>Thursday, May 21, 2026<br>9:00 A.M. Eastern Daylight Time | &nbsp;&nbsp;<br>**Place:**<br>Texas Roadhouse Support Center<br>6040 Dutchmans Lane<br>Louisville, Kentucky 40205<br>|
| &nbsp;&nbsp;<br>**Proposals for Business**<br>| &nbsp;&nbsp;<br>**Notice on Voting**<br>|
| &nbsp;&nbsp;<br>**Proposal 1:** To elect nine directors to the Board of Directors of the Company, each for a term of one year<br>**Proposal 2:** To ratify the appointment of KPMG LLP as the Company's independent auditors for the Company's 2026 fiscal year<br>**Proposal 3:** To hold an advisory vote on executive compensation | &nbsp;&nbsp;<br>Whether or not you expect to be present at the Annual Meeting, please submit your vote by using one of the voting methods described in the attached materials. If you attend the Annual Meeting, then you may revoke your proxy and vote your shares in person.<br>|
| &nbsp;&nbsp;<br>**Proposal 1:** To elect nine directors to the Board of Directors of the Company, each for a term of one year<br>**Proposal 2:** To ratify the appointment of KPMG LLP as the Company's independent auditors for the Company's 2026 fiscal year<br>**Proposal 3:** To hold an advisory vote on executive compensation | &nbsp;&nbsp;**Who Can Vote**<br>Only shareholders of record at the close of business on March 23, 2026 are entitled to receive notice of and to vote at the Annual Meeting.<br>|
| &nbsp;&nbsp;<br>**Proposal 1:** To elect nine directors to the Board of Directors of the Company, each for a term of one year<br>**Proposal 2:** To ratify the appointment of KPMG LLP as the Company's independent auditors for the Company's 2026 fiscal year<br>**Proposal 3:** To hold an advisory vote on executive compensation | &nbsp;&nbsp;**Date of Mailing**<br>This Notice of the Annual Meeting and the attached Proxy Statement describing matters to be described at the Annual Meeting are being distributed or otherwise furnished to shareholders on April 10, 2026.<br>|
| &nbsp;&nbsp;<br>**Proposal 1:** To elect nine directors to the Board of Directors of the Company, each for a term of one year<br>**Proposal 2:** To ratify the appointment of KPMG LLP as the Company's independent auditors for the Company's 2026 fiscal year<br>**Proposal 3:** To hold an advisory vote on executive compensation | &nbsp;&nbsp;**Important Notice Regarding the Availability of Proxy Materials For the 2026 Annual Meeting of Shareholders to be Held on May 21, 2026**: Our Annual Report containing our Proxy Statement relating to our 2026 Annual Meeting of Shareholders and Form 10-K for the fiscal year ended on December 30, 2025 is available on our website at *www.texasroadhouse.com* in the Investors Section.<br>By Order of the Board of Directors,<br>![Graphic](txrh-20260521xdef14a_a003.jpg)<br>Christopher C. Colson<br>*Corporate Secretary* |
|  | &nbsp;&nbsp;**Important Notice Regarding the Availability of Proxy Materials For the 2026 Annual Meeting of Shareholders to be Held on May 21, 2026**: Our Annual Report containing our Proxy Statement relating to our 2026 Annual Meeting of Shareholders and Form 10-K for the fiscal year ended on December 30, 2025 is available on our website at *www.texasroadhouse.com* in the Investors Section.<br>By Order of the Board of Directors,<br>![Graphic](txrh-20260521xdef14a_a003.jpg)<br>Christopher C. Colson<br>*Corporate Secretary* |

---

[**Table of Contents**](#TOC)

**Table of Contents**

---

| | |
|:---|:---|
| [**SUMMARY OF MATTERS REQUIRING SHAREHOLDER ACTION**](#SUMMARYOFMATTERSREQUIRINGSHAREHOLDERACTI) | 1 |
| &nbsp;&nbsp;&nbsp;[Proposal 1: Election of Directors](#Proposal1ElectionofDirectors_854697) | 1 |
| &nbsp;&nbsp;&nbsp;[Proposal 2: Ratification of Independent Auditors](#Proposal2RatificationofIndependentAudito) | 1 |
| &nbsp;&nbsp;&nbsp;[Proposal 3: Advisory Vote on Approval of Executive Compensation](#Proposal3AdvisoryVoteonApprovalofExecuti) | 2 |
| &nbsp;&nbsp;&nbsp;[Other Matters](#OtherMatters_550730) | 2 |
| [**INFORMATION ABOUT PROXIES AND VOTING**](#INFORMATIONABOUTPROXIESANDVOTING_416592) | 3 |
| &nbsp;&nbsp;&nbsp;[Record Date and Voting Securities](#RecordDateandVotingSecurities_461081) | 3 |
| &nbsp;&nbsp;&nbsp;[Revocability of Proxies](#RevocabilityofProxies_332267) | 3 |
| &nbsp;&nbsp;&nbsp;[Solicitation of Proxies](#SolicitationofProxies_53104) | 3 |
| &nbsp;&nbsp;&nbsp;[Other Voting Considerations](#OtherVotingConsiderations_386765) | 3 |
| [**ANNUAL MEETING FAQs**](#ANNUALMEETINGFAQS_318658) | 5 |
| [**CORPORATE GOVERNANCE AND OUR BOARD**](#CORPORATEGOVERNANCEANDOURBOARD_869884) | 8 |
| &nbsp;&nbsp;&nbsp;[2025 Corporate Governance Overview](#a2025CORPORATEGOVERNANCEOVERVIEW_921734) | 8 |
| &nbsp;&nbsp;&nbsp;[Director Summary Overview](#DirectorSummaryOverview_892800) | 13 |
| &nbsp;&nbsp;&nbsp;[Director Summaries](#DirectorSummaries_459870) | 14 |
| &nbsp;&nbsp;&nbsp;[Meetings of the Board](#MeetingsoftheBoard_942284) | 19 |
| &nbsp;&nbsp;&nbsp;[Leadership Structure of the Board](#LeadershipStructureoftheBoard_223116) | 19 |
| &nbsp;&nbsp;&nbsp;[Role of the Board in Strategy and Risk Oversight](#RoleoftheBoardinStrategyandRiskOversight) | 20 |
| &nbsp;&nbsp;&nbsp;[Committees of the Board](#CommitteesoftheBoard_414501) | 25 |
| &nbsp;&nbsp;&nbsp;[Policy Regarding Consideration of Candidates for Director](#PolicyRegardingConsiderationofCandidates) | 30 |
| &nbsp;&nbsp;&nbsp;[Compensation of Directors](#CompensationofDirectors_633796) | 31 |
| &nbsp;&nbsp;&nbsp;[Code of Conduct and Related Corporate Governance Policies](#CodeofConduct_438085) | 35 |
| &nbsp;&nbsp;&nbsp;[Stock Ownership Guidelines](#StockOwnershipGuidelines_51448) | 37 |
| &nbsp;&nbsp;&nbsp;[Succession Planning](#SuccessionPlanning_328469) | 38 |
| &nbsp;&nbsp;&nbsp;[Mandatory Retirement Age for Board Service](#MandatoryRetirementAgeforBoardService_24) | 38 |
| &nbsp;&nbsp;&nbsp;[Shareholder Engagement](#ShareholderEngagement_662805) | 38 |
| &nbsp;&nbsp;&nbsp;[Board Orientation and Continuing Education](#BoardOrientationandContinuingEducation_8) | 39 |
| &nbsp;&nbsp;&nbsp;[Director Independence](#DirectorIndependence_940734) | 39 |
| [**STOCK OWNERSHIP INFORMATION**](#STOCKOWNERSHIPINFORMATION_60087) | 40 |
| &nbsp;&nbsp;&nbsp;[Delinquent Section 16(a) Reports](#DelinquentSection16aReports_986513) | 41 |
| [**EXECUTIVE COMPENSATION**](#EXECUTIVECOMPENSATION_121496) | 42 |
| &nbsp;&nbsp;&nbsp;[2025 Financial Highlights](#a2024FinancialHighlights_640822) | 42 |
| &nbsp;&nbsp;&nbsp;[Compensation Discussion and Analysis](#CompensationDiscussionandAnalysis_268873) | 43 |
| &nbsp;&nbsp;&nbsp;[Summary Compensation Table](#SummaryCompensationTable_812348) | 71 |
| &nbsp;&nbsp;&nbsp;[Grants of Plan-Based Awards in Fiscal Year 2025](#GrantsofPlanBasedAwardsinFiscalYear2024_) | 75 |
| &nbsp;&nbsp;&nbsp;[Outstanding Equity Awards](#OutstandingEquityAwards_192692) | 77 |
| &nbsp;&nbsp;&nbsp;[Stock Vested](#StockVested_278959) | 79 |
| &nbsp;&nbsp;&nbsp;[Termination, Change in Control and Change of Responsibility Payments](#TerminationChangeofControlandChangeofRes) | 80 |
| &nbsp;&nbsp;&nbsp;[Pay Versus Performance](#PayVersusPerformance_97086) | 86 |
| &nbsp;&nbsp;&nbsp;[CEO Pay Ratio](#CEOPayRatio_243024) | 92 |
| [**FINANCE AND AUDIT COMMITTEE REPORT**](#AUDITCOMMITTEEREPORT_819536) | 93 |
| &nbsp;&nbsp;&nbsp;[Related Party Transactions](#RelatedPartyTransactions_519702) | 95 |
| [**PRESENTATION OF PROPOSALS**](#PRESENTATIONOFPROPOSALS_980007) | 98 |
| &nbsp;&nbsp;&nbsp;[Proposal 1: Election of Directors](#PRESENTATIONOFPROPOSAL1) | 98 |
| &nbsp;&nbsp;&nbsp;[Proposal 2: Ratification of Independent Auditors](#PRESENTATIONOFPROPOSAL2) | 99 |
| &nbsp;&nbsp;&nbsp;[Proposal 3: Advisory Vote on Approval of Executive Compensation](#PRESENTATIONOFPROPOSAL3) | 101 |
| [**SHAREHOLDER PROPOSALS**](#SHAREHOLDERPROPOSALS_264350) | 103 |
| [**SHAREHOLDERS' COMMUNICATIONS WITH THE BOARD**](#SHAREHOLDERSCOMMUNICATIONSWITHTHEBOARD_6) | 103 |
| [**FORM 10-K**](#FORM10K_552513) | 103 |
| [**OTHER BUSINESS**](#OTHERBUSINESS_257844) | 104 |

---

[**Table of Contents**](#TOC)

**PROXY STATEMENT**

**2026 ANNUAL MEETING OF SHAREHOLDERS**

**TO BE HELD MAY 21, 2026**

**TEXAS ROADHOUSE, INC.**

**6040 Dutchmans Lane**

**Louisville, Kentucky 40205**

This proxy statement and accompanying proxy card are being furnished in connection with the solicitation of proxies by the board of directors (the ***"Board***") of Texas Roadhouse, Inc., a Delaware corporation, to be voted at the 2026 Annual Meeting of Shareholders (the "***Annual Meeting***") and any adjournments thereof. In this proxy statement, references to the "***Company***," "***we***," "***us***" or "***our***" refer to Texas Roadhouse, Inc. This proxy statement and accompanying proxy card are first being mailed to shareholders on or about April 10, 2026.

The Annual Meeting will be held at the Texas Roadhouse Support Center located at 6040 Dutchmans Lane, Louisville, Kentucky on Thursday, May 21, 2026 at 9:00 a.m. eastern daylight time, for the purposes set forth in this proxy statement and the accompanying notice of the Annual Meeting.

------

**SUMMARY OF MATTERS REQUIRING SHAREHOLDER ACTION**

**Proposal 1—Election of Directors (**[**Page 98**](#PRESENTATIONOFPROPOSAL1)**)**

The affirmative vote of a majority of the votes cast by the holders of the Company's common stock is required to elect each nominee. You may vote "***FOR***" or "***AGAINST***" each nominee. A vote to "***ABSTAIN***" is not treated as a vote cast, and will have no effect on this proposal.

The Bylaws require that each director nominee tender an irrevocable conditional resignation to the Company, to be effective only upon (i) the director's failure to receive the required shareholder vote in an uncontested election, and (ii) Board acceptance of such resignation. Our Nominating Committee (as hereinafter defined) will consider the offer of resignation and make a recommendation to the Board as to the action to be taken with respect to the offer. The Board will act on the Nominating Committee's recommendation within 90 days, and will promptly disclose publicly its decision to accept or reject such resignation and the reasons therefor.

***The Board recommends that you vote "FOR" the nominees.***

**Proposal 2—Ratification of Independent Auditors (**[**Page 99**](#PRESENTATIONOFPROPOSAL2)**)**

The proposal to ratify the appointment of KPMG LLP as the Company's independent auditors for the fiscal year ending December 29, 2026 must be approved by the affirmative vote of a majority of the votes cast. You may vote "***FOR***" or "***AGAINST***" the ratification, or you may "***ABSTAIN***" from voting on this proposal. A vote to "***ABSTAIN***" is not treated as a vote cast, and will have no effect on this proposal.

***The Board recommends that you vote "FOR" this proposal.***

[**Table of Contents**](#TOC)

**Proposal 3—Advisory Vote on Approval of Executive Compensation (**[**Page 101**](#PRESENTATIONOFPROPOSAL3)**)**

The outcome of the advisory vote on whether to approve the executive compensation detailed in this proxy statement (including the Compensation Discussion and Analysis, the Executive Compensation section and the other related executive compensation tables and related discussions) will be determined by the affirmative vote of the votes cast. You may vote "*FOR*" or "*AGAINST*" approval of the executive compensation, or you may "*ABSTAIN*" from voting on this proposal. A vote to "*ABSTAIN*" is not treated as a vote cast, and will have no effect on approval of the executive compensation.

***The Board recommends that you vote "FOR" this proposal.***

**Other Matters**

As of the date of this proxy statement, the Board knows of no matters that will be presented for consideration at the Annual Meeting other than those matters discussed in this proxy statement. If any other matters should properly come before the Annual Meeting and call for a vote of shareholders, then validly executed proxies in the enclosed form returned to us will be voted in accordance with the recommendation of the Board, or, in the absence of such a recommendation, in accordance with the judgment of the proxy holders. Any such additional matter must be approved by an affirmative vote of a majority of the votes cast.

[**Table of Contents**](#TOC)

**INFORMATION ABOUT PROXIES AND VOTING**

**Record Date and Voting Securities**

The Board has fixed the record date (the "***Record Date***") for the Annual Meeting as the close of business on March 23, 2026. Only shareholders of record at the close of business on the Record Date will be entitled to vote at the Annual Meeting and at any adjournment or postponement thereof. At the close of business on the Record Date, there were outstanding 65,853,560 shares of common stock, each of which is entitled to one vote per share on all matters to be considered at the Annual Meeting.

The presence in person or by proxy of the holders of a majority of the shares of common stock will constitute a quorum for the transaction of business at the Annual Meeting. Shares of common stock represented by properly executed proxies received before the close of voting at the Annual Meeting will be voted as directed by such shareholders, unless revoked as described below.

**Revocability of Proxies**

A shareholder who completes and returns the proxy card that accompanies this proxy statement may revoke that proxy at any time before the closing of the polls at the Annual Meeting. A shareholder may revoke a proxy by voting at a later date by one of the methods described on the proxy card or by filing a written notice of revocation with, or by delivering a duly executed proxy bearing a later date to, Christopher C. Colson, the Chief Business and Administrative Officer and Corporate Secretary of the Company, at the Company's main office address located at 6040 Dutchmans Lane, Louisville, Kentucky 40205 at any time before the Annual Meeting. Shareholders may also revoke proxies by delivering a duly executed proxy bearing a later date to the inspector of election at the Annual Meeting before the close of voting or by attending the Annual Meeting and voting in person. You may attend the Annual Meeting even though you have executed a proxy, but your presence at the Annual Meeting will not automatically revoke your proxy.

**Solicitation of Proxies**

The cost of solicitation of proxies being solicited on behalf of the Board will be borne by us (as and if applicable). In addition to solicitation by mail, proxies may be solicited personally, by telephone or by other means by our directors, officers or employees, who receive no additional compensation for these solicitation activities. We will, upon request, reimburse brokerage houses and persons holding common stock in the names of their nominees for their reasonable out-of-pocket expenses in sending materials to their principals.

**Other Voting Considerations**

*Broker Non-Votes.* Under rules of the New York Stock Exchange, matters subject to shareholder vote are classified as "routine" or "non-routine." In the case of routine matters, brokers may vote shares held in "street name" in their discretion if they have not received voting instructions from the beneficial owner. In the case of non-routine matters, brokers may not vote shares unless they have received voting instructions from the beneficial owner ("***broker non-votes***"); therefore, it is important that you complete and return your proxy early so that your vote may be recorded. Broker non-votes will be counted for quorum purposes but will not be counted as votes cast either for or against a proposal. In other words, broker non-votes are not considered "votes cast."

[**Table of Contents**](#TOC)

The election of directors (Proposal 1) is a non-routine matter under the applicable rules, so broker non-votes may occur. However, broker non-votes do not count as shares entitled to vote. Because the election is decided by a majority of votes cast, and because our majority voting policy for directors only considers "***FOR***" votes and "***AGAINST***" votes, any broker non-votes will not affect the outcome of Proposal 1. In a contested election (an election in which the number of nominees exceeds the number of directors to be elected), the directors will be elected by a plurality of the votes cast on the election of directors. The election of directors to be held at the Annual Meeting is an uncontested election, and, therefore, the majority of votes cast standard will apply. Any incumbent director who receives fewer "***FOR***" votes than "***AGAINST***" votes is required to offer his or her irrevocable resignation. Our Nominating Committee will consider the offer of resignation and make a recommendation to the Board as to whether to accept or reject the resignation of such incumbent director. The Board will then act on the resignation, taking into account the committee's recommendation, and publicly disclose its decision regarding the resignation and the rationale for its decision within a period of 90 days following certification of the election results.

The ratification of the appointment of the Company's independent auditors (Proposal 2) is a routine matter under the applicable rules so broker non-votes should not occur.

The advisory vote on the approval of executive compensation (Proposal 3) and any other matters that may properly come before the Annual Meeting are also non-routine matters under the applicable rules, so broker non-votes may occur. Because broker non-votes are not counted as votes cast, they do not affect the outcome of the vote on Proposal 3.

*Abstentions.* As with broker non-votes, abstentions are counted for quorum purposes but will not be counted as votes cast either for or against a proposal. In other words, abstentions are not considered "votes cast." Accordingly, abstentions will have no impact on the outcome of the proposals contained in this Proxy Statement.

*Executed but Unmarked Proxies.* If no instructions are given, then shares represented by properly executed but unmarked proxies will be voted in accordance with the recommendation of the Board, or, in the absence of such a recommendation, in accordance with the judgment of the proxy holders.

[**Table of Contents**](#TOC)

**ANNUAL MEETING FAQS**

***WHEN AND WHERE IS THE ANNUAL MEETING?***

The 2026 Annual Meeting of Shareholders will be held at the Texas Roadhouse Support Center located at 6040 Dutchmans Lane, Louisville, Kentucky 40205 on Thursday, May 21, 2026 at 9:00 a.m. eastern daylight time.

***WHO CAN ATTEND THE ANNUAL MEETING?***

The Annual Meeting is open to all shareholders. If you wish to attend the Annual Meeting, please contact our Investor Relations Department at *investment@texasroadhouse.com* or (502) 426-9984.

***WHO IS SOLICITING MY PROXY?*** 

The Company's Board is soliciting your proxy in connection with the Annual Meeting. Certain of our directors, officers and employees also may solicit proxies on the Board's behalf by personal contact, telephone, mail, e-mail or other means.

***WHO IS ENTITLED TO VOTE?***

Only shareholders of record at the close of business on March 23, 2026 will be entitled to vote at the Annual Meeting.

***WHAT CONSTITUTES A QUORUM?***

The presence in person or by proxy of the holders of a majority of the shares of common stock issued and outstanding on the Record Date will constitute a quorum for the transaction of business at the Annual Meeting.

***HOW DO I VOTE?***

If you are entitled to vote, then you may cast your vote in accordance with any of the following options:

- Online, by going to the website shown on your proxy card;

- By touch-tone telephone from the United States, using the toll-free number on the proxy card;

- By mail by promptly completing, signing and dating your proxy card and returning it in the enclosed postage-paid envelope; or

- In person, by revoking your proxy and attending the Annual Meeting.

**Telephone and Internet Voting facilities for shareholders of record will close on 11:59 p.m. eastern daylight time on May 20, 2026**.

***CAN I CHANGE MY VOTE OR REVOKE MY PROXY?***

Yes, you may revoke your proxy at any time before the closing of the polls at the Annual Meeting by voting at a later date by one of the methods described on the proxy card or by filing a written notice of revocation with, or by delivering a duly executed proxy bearing a later date to, Christopher C. Colson, the Chief Business and Administrative Officer and Corporate Secretary of the Company, at the Company's main office address located at 6040 Dutchmans Lane, Louisville, Kentucky 40205.

[**Table of Contents**](#TOC)

You can also revoke proxies by delivering a duly executed proxy bearing a later date to the inspector of election at the Annual Meeting before the close of voting or by attending the Annual Meeting and voting in person. You may attend the Annual Meeting even though you have executed a proxy, but your presence at the Annual Meeting will not automatically revoke your proxy.

***WHAT IS A BROKER NON-VOTE?***

Under rules of the New York Stock Exchange, matters subject to shareholder vote are classified as "routine" or "non-routine." In the case of routine matters, brokers may vote shares held in "street name" in their discretion if they have not received voting instructions from the beneficial owner.

In the case of non-routine matters, brokers may not vote shares unless they have received voting instructions from the beneficial owner; therefore, it is important that you complete and return your proxy early so that your vote may be recorded.

***WHAT DOES IT MEAN TO BE A SHAREHOLDER OF RECORD?***

In the event your shares are registered directly in your name with Computershare, the Company's transfer agent, as of the Record Date, then you are considered to be a "***shareholder of record***." As a shareholder of record, you have the ability to vote at the Annual Meeting or by proxy. Regardless of whether or not you are able to attend the Annual Meeting, we encourage you to vote in any of the ways described in the "How Do I Vote" portion of these Annual Meeting FAQs.

***WHAT DOES IT MEAN TO HOLD SHARES IN STREET NAME?***

In the event your shares are held in an account at a broker, bank, or other financial institution as of the Record Date, then you are deemed the beneficial owner of shares held in "***street name***," and these proxy materials are being sent to you by such broker, bank, or other financial institution. The applicable institution holding your account is considered the shareholder of record for the purposes of voting at the Annual Meeting. While you may attend the Annual Meeting, you will not be able to vote your shares at the Annual Meeting unless you request and obtain a legal proxy from such broker, bank, or other financial institution giving you the legal right to vote such shares.

***WHAT ITEMS WILL BE VOTED ON AND WHAT ARE THE RECOMMENDATIONS OF THE BOARD?***

The Board is requesting that shareholders vote on the following three proposals at the Annual Meeting and makes the following recommendations with respect to each proposal:

**Proposal 1:** To elect nine directors to the Board of Directors of the Company, each for a term of one year.

**Recommendation:** "***FOR*"**

**Proposal 2:** To ratify the appointment of KPMG LLP as the Company's independent auditors for the Company's 2026 fiscal year.

**Recommendation:** "***FOR*"**

**Proposal 3:** An advisory vote on executive compensation.

**Recommendation:** "***FOR*"**

[**Table of Contents**](#TOC)

***WHO PAYS FOR THE PROXY SOLICITATION?***

The cost of solicitation of proxies being solicited on behalf of the Board will be borne by us. In addition to solicitation by mail, proxies may be solicited personally, by telephone or by other means by our directors, officers or employees, who receive no additional compensation for these solicitation activities. We will, upon request, reimburse brokerage houses and persons holding common stock in the names of their nominees for their reasonable out-of-pocket expenses in sending materials to their principals.

***WHO COUNTS THE VOTES?***

Computershare, the transfer agent for the Company, will count the votes and will serve as the independent inspector of election at the Annual Meeting.

***WHERE DO I FIND THE VOTING RESULTS OF THE ANNUAL MEETING?***

Results of the vote held at the Annual Meeting will be included on a Form 8-K which is expected to be filed with the Securities and Exchange Commission within one business day after the date of the Annual Meeting.

***WHO IS "BUBBA" AND WHY IS HE REFERENCED IN THE PROXY?***

Bubba was the nickname of W. Kent Taylor, the Company's late founder, and is the namesake of our Bubba's 33 restaurant concept. As used in Compensation Discussion and Analysis and in honor of Mr. Taylor, we use the headings "Bubba Who" (outlining our Named Executive Officers), "Bubba What" (outlining what we do and do not do from an executive compensation standpoint), and "Bubba How" (outlining our philosophy on executive compensation).

[**Table of Contents**](#TOC)

**CORPORATE GOVERNANCE AND OUR BOARD**

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| |
|:---|
| **2025 CORPORATE GOVERNANCE OVERVIEW** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>The following is an executive summary of corporate governance activities for our 2025 fiscal year:<br>*Meetings*<br>We held 34 meetings of the Board and applicable committees comprised of (i) 13 meetings of the Board, (ii) 11 meetings of the finance and audit committee (the "***Audit Committee***"), (iii) five meetings of the talent management and compensation committee (the "***Compensation Committee***"), and (iv) five meetings of the nominating and corporate governance committee (the "***Nominating Committee***"). Of the 13 meetings of the Board, four were joint meetings among the Board, the Audit Committee, the Compensation Committee and/or the Nominating Committee, and four of such meetings occurred immediately prior to the Audit Committee to approve the issuance of the applicable quarterly dividend.<br>*New Board Members*<br>On August 14, 2025, Hugh J. Carroll was appointed to the Board as an executive director. In connection with the appointment, the Board desired to add a Board member with extensive experience and knowledge in international restaurant operations and franchising. Mr. Carroll was appointed as a director because of his role as President of International of the Company, his executive experience, his international experience, and his in-depth knowledge of the restaurant industry and the Company. Mr. Carroll retired from the Company at the beginning of January 2026 and is currently serving on the Board as a non-independent, non-employee director.<br>On March 5, 2026, Elizabeth K. Ingram was appointed to the Board as an independent director. In connection with the appointment, the Board desired to add a Board member with executive experience who has extensive knowledge of the restaurant industry and a marketing background. Ms. Ingram was appointed as an independent director because of her executive and board experience as well as her extensive knowledge of the restaurant industry and marketing background.<br>*Executive Vice Chairman*<br>On August 14, 2025, the Board appointed Gerald L. Morgan as Executive Vice Chairman of the Company. Mr. Morgan continues to serve as Chief Executive Officer of the Company, and his appointment was a part of the Company's long-term Board succession planning processes. As a part of such long-term succession planning, Mr. Morgan has been identified as the future Chairman of the Board following such time as Chairman Moore no longer holds such position. As Executive Vice Chairman, Mr. Morgan is responsible for presiding over the meetings of the Board in the absence of the Chairman of the Board and performs such other duties as may be assigned to the Executive Vice Chairman by the Board. Additionally, as part of the Company's long-term succession planning, the Board has identified an individual to fill the role of Lead Independent Director at such time as Mr. Morgan assumes the role of Chairman of the Board.<br>*Risk Oversight*<br>During the 2025 fiscal year, the Board and management of the Company completed a multi-year analysis on the manner in which risk oversight is overseen by the Board and delegated among its committees. The purpose of the analysis was to determine how to distribute responsibilities among the Board and its committees to enable a deeper focus on core areas of responsibility and strategic priority, as well as to evaluate how to assign roles and responsibilities among the specific committee members to leverage both individual and team strengths and to maximize the overall effectiveness of each committee based on the experience and skill of each committee member. The Company's risk oversight framework supports the Board's evaluation of strategic priorities and enables directors to consider risk in the context of long-term shareholder value creation.<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>The following is a summary of the changes to the Board's risk oversight strategy commencing at the beginning of the 2026 fiscal year:<br>-<br>Board Oversight, The Board now has direct oversight of the Company's enterprise risk management program, including the Company's risk register, and on an annual basis delegates specific oversight responsibilities to the Board's committees and/or subcommittees. The Board had previously delegated this risk oversight responsibility directly to the Audit Committee.<br>-<br>Audit Committee. The Audit Committee changed its name to the "Finance and Audit Committee" to reflect its core responsibilities. The core Audit Committee will continue to focus on financial, cyber, data, privacy, and artificial intelligence (AI) risks. The Audit Committee receives risk updates from financial-related department level risks including from the Company's accounting, finance, internal audit, and treasury functions. The Company's information governance and crisis and business continuity risk subcommittees (under its overall enterprise risk management program) also provides annual risk updates to the Audit Committee regarding the risk-based initiatives they are performing.<br>Additionally, the Audit Committee formed a risk subcommittee (the "***Risk Subcommittee***") under its purview that focuses on non-financial operational and department level risks. Wayne L. Jones serves as the initial chairperson of the Risk Subcommittee and all of the members of the Audit Committee are members of the Risk Subcommittee. The Risk Subcommittee receives risk updates from specific departments within the Company as a part of a rotational review of certain risks. Further, the Company's food safety, responsible alcohol service, vendor management, employee and guest safety, and California operations risk subcommittees (under its overall enterprise risk management program) provide annual risk updates to the Risk Subcommittee regarding the risk-based initiatives they are performing.<br>-<br>Compensation Committee. The Compensation Committee changed its name to the "Talent Management and Compensation Committee" to reflect additional responsibilities. In addition to the duties and responsibilities described below, the Compensation Committee has risk oversight responsibilities over human capital management and strategy, succession planning and leadership continuity, and organizational resiliency. As a part of these risk oversight responsibilities, the Company's human resource department provides an update to the Compensation Committee on an annual basis on the Company's human capital management strategy. Additionally, the Company's talent strategy and compliance risk subcommittee (under its overall enterprise risk management program) also provides annual risk updates to the Compensation Committee regarding the risk-based initiatives it is performing.<br>-<br>Nominating Committee. In addition to the duties and responsibilities described below, the Nominating Committee now oversees the Company's shareholder engagement and the Board's new director orientation programs. As a part of this oversight responsibility, the Company's investor relations function provides an update to the Nominating Committee on an annual basis on the Company's investor relations strategy. Additionally, the Nominating Committee has risk oversight responsibilities over the Company's corporate sustainability program. The Company's corporate sustainability risk subcommittee (under its overall enterprise risk management program) also provides annual risk updates to the Nominating Committee regarding the risk-based initiatives it is performing.<br>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>*Board Composition* <br>2025<br>During the 2025 fiscal year, the Board consisted of between eight and nine directors – seven of whom were independent, as that term is defined in the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and meet the criteria for independence under the Sarbanes-Oxley Act of 2002 and the rules adopted by the Securities and Exchange Commission. The following is a breakdown of committee membership and leadership during the 2025 fiscal year:<br>1)<br>Chairman of the Board: Gregory N. Moore<br>2)<br>Audit Committee: Donna E. Epps (Chair); Jane Grote Abell; Michael A. Crawford; Wayne L. Jones; Gregory N. Moore; and Curtis A. Warfield<br>3)<br>Compensation Committee: Michael A. Crawford (Chair); Gregory N. Moore; and Kathleen M. Widmer<br>4)<br>Nominating and Corporate Governance Committee: Curtis A. Warfield (Chair); Jane Grote Abell; Donna E. Epps; Wayne L. Jones; and Kathleen M. Widmer<br>2026<br>The Board currently consists of nine directors – seven of whom are independent, as that term is defined in the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and meet the criteria for independence under the Sarbanes-Oxley Act of 2002 and the rules adopted by the Securities and Exchange Commission. The following is a breakdown of current committee membership and leadership during the 2026 fiscal year:<br>1)<br>Chairman of the Board: Gregory N. Moore<br>2)<br>Executive Vice Chairman: Gerald L. Morgan<br>3)<br>Finance and Audit Committee: Donna E. Epps (Chair); Jane Grote Abell; Michael A. Crawford; Wayne L. Jones; Gregory N. Moore; and Curtis A. Warfield<br>4)<br>Talent Management and Compensation Committee: Michael A. Crawford (Chair); Jane Grote Abell; Gregory N. Moore; and Kathleen M. Widmer<br>5)<br>Nominating and Corporate Governance Committee: Curtis A. Warfield (Chair); Donna E. Epps; Wayne L. Jones; and Kathleen M. Widmer<br>As more particularly described below, Ms. Widmer retired from the Board on February 11, 2026. As such, she was no longer a member of the Compensation Committee and the Nominating and Corporate Governance Committee on such date. Additionally, Ms. Ingram was appointed to the Board on March 5, 2026, and consistent with prior practice, Ms. Ingram will not serve on any committee of the Board during the 2026 fiscal year. <br>

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&nbsp;&nbsp;<br>*Compensation Philosophy*<br>In 2024, the Compensation Committee engaged FW Cook as an independent compensation consultant to advise the Compensation Committee on non-employee director compensation beginning with the 2025 calendar year. Based on the Compensation Committee's review of FW Cook's report and recommendations and as a part of establishing non-employee director compensation for each non-employee director's 2025 calendar year service, the Compensation Committee (A) increased certain portions of the cash components for the non-employee director compensation to further align with its peer companies and industry practices for companies between mid-cap and large-cap companies; and (B) reduced a portion of the equity component for non-employee director compensation so that the total compensation for each non-employee director is not as heavily weighted on equity. The Compensation Committee applied the same rationale when establishing the non-employee director compensation for each non-employee director's 2026 calendar year service.<br>Accordingly, with respect to each non-employee director's 2025 calendar year service, each non-employee director received a fixed cash amount for serving on the Board, together with additional compensation relating to serving in leadership positions on the Board and/or on any Board committee. Additionally, the Chairman of the Board received an annual grant of service based restricted stock units equal to $315,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares, while each remaining non-employee director received an annual grant of service based restricted stock units equal to $225,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares.<br>With respect to each non-employee director's 2026 calendar year service, each non-employee director received a fixed cash amount for serving on the Board, together with additional compensation relating to leadership positions on the Board and/or on any Board committee. Additionally, the Chairman of the Board received an annual grant of service based restricted stock units equal to $315,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares, while each remaining non-employee director received an annual grant of service based restricted stock units equal to $225,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares.<br>Similar to our compensation philosophy for our executive officers, we believe that issuing service based restricted stock units to our non-employee directors aligns their interests with those of our shareholders. Specifically, since the bulk of each non-employee director's compensation lies in the value of the service based restricted stock units granted, the non-employee directors are motivated to continually improve the Company's performance in the hope that the performance will be reflected by the stock price on the vesting date of their service based restricted stock units. Moreover, we believe that the service based restricted stock unit awards drive director alignment with maximizing shareholder value because the value of the service based restricted stock units varies in response to investor sentiment regarding overall Company performance at the time of vesting.<br>*Cap on Total Compensation*<br>The total compensation for any non-employee director may not exceed $500,000, which amount shall be calculated by adding (i) the total cash compensation to be paid for services rendered by a non-employee director in any given fiscal year to (ii) the grant date value of any equity granted to such non-employee director in that fiscal year. This cap on Board total compensation is included in the Company's 2021 Long-Term Incentive Plan.<br>

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&nbsp;&nbsp;<br>*Mandatory Retirement Age for Board Service*<br>The Board and the Nominating Committee have established a mandatory retirement age for the non-employee directors on the Board. In furtherance of the foregoing, in no event shall any non-employee be elected, re-elected, and/or appointed to the Board if such non-employee is 75 years or older at the time of such election, re-election, and/or appointment; provided, however, any director who began serving on the Board prior to 2006 shall be permitted to be re-elected to the Board so long as they are not 80 years or older at the time of such re-election.<br>In furtherance of this policy, James R. Zarley did not stand for re-election at the 2025 annual shareholder meeting. At the time of his retirement from the Board, Mr. Zarley was our longest tenured member of the Board, being appointed to the Board in 2004 as a part of the Company's initial public offering. <br>*Shareholder Engagement*<br>During 2025, management of the Company interacted with shareholders owning over 65% of the outstanding shares of the Company as of the end of fiscal year 2025. These interactions ranged from one-on-one phone/video calls, face-to-face meetings at investor conferences, video calls during virtual non-deal roadshows, participants listening to virtual fireside chats between members of management and sell-side analysts, and conversations with stewardship teams regarding corporate governance.<br>

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**Director Summary Overview**

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **OUR DIRECTOR NOMINEES** | **OUR DIRECTOR NOMINEES** | **OUR DIRECTOR NOMINEES** | **OUR DIRECTOR NOMINEES** | **OUR DIRECTOR NOMINEES** | **OUR DIRECTOR NOMINEES** | **OUR DIRECTOR NOMINEES** | **OUR DIRECTOR NOMINEES** |
|  |  |  |  | **Committee Membership** | **Committee Membership** | **Committee Membership** | |
| <br>&nbsp;&nbsp;**Nominee**  | <br>**Age** | **Director** <br>**Since** | **Independent**<br>**(Y/N)** | <br>**A** | <br>**C** | <br>**N** | **Other**<br>**Public**<br>**Boards** |
| &nbsp;&nbsp;Jane Grote Abell | 59 | 2024 | Y | ○ | ○ |  | 0 |
| &nbsp;&nbsp;Hugh J. Carroll | 69 | 2025 | N | N/A | N/A | N/A | 0 |
| &nbsp;&nbsp;Michael A. Crawford | 58 | 2020 | Y | ○ | ●  |  | 1 |
| &nbsp;&nbsp;Donna E. Epps | 62 | 2021 | Y | ●  |  | ○ | 2 |
| &nbsp;&nbsp;Elizabeth K. Ingram | 55 | 2026 | Y | N/A | N/A | N/A | 1 |
| &nbsp;&nbsp;Wayne L. Jones  | 67 | 2023 | Y | ○ |  | ○ | 0 |
| &nbsp;&nbsp;Gregory N. Moore | 76 | 2005 | Y | ○ | ○ |  | 0 |
| &nbsp;&nbsp;Gerald L. Morgan | 65 | 2021 | N | N/A | N/A | N/A | 0 |
| &nbsp;&nbsp;Curtis A. Warfield | 58 | 2018 | Y | ○ |  | ●  | 1 |

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| **A** (Finance and Audit Committee) | **C** (Talent Management and Compensation Committee) | **N** (Nominating and Corporate Governance Committee) |
| ![Graphic](txrh-20260521xdef14a_a005.jpg) Chairperson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![Graphic](txrh-20260521xdef14a_a006.jpg) Committee Member | ![Graphic](txrh-20260521xdef14a_a005.jpg) Chairperson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![Graphic](txrh-20260521xdef14a_a006.jpg) Committee Member | ![Graphic](txrh-20260521xdef14a_a005.jpg) Chairperson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ![Graphic](txrh-20260521xdef14a_a006.jpg) Committee Member |

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**Nominee Highlights**

The charts below illustrate the composition of our director nominees by age, tenure, diversity, independence, and gender:

![Graphic](txrh-20260521xdef14a_a007.jpg)

![Graphic](txrh-20260521xdef14a_a008.jpg)

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**Director Summaries** 

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| **Jane Grote Abell** | **Business Experience:**<br>Ms. Abell is a founding family member, Executive Chairwoman of the Board of Directors, and Chief Purpose Officer for Donatos Pizza and Jane's Dough Premium Foods, all positions she has held since 2010. At Donatos, Ms. Abell previously held the title of Chief Operations Officer, Chief People Officer, and President. She also previously served as Senior Vice President of Business Development for Donatos where she led growth for franchising and development during the period of time in which Donatos was owned by the McDonald's corporation. |
| ***Director Since:*** 2024<br>***Age:*** 59<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee<br>***Public Boards:***<br>None<br>***Favorite Texas Roadhouse Food Item:*** <br>Herb Crusted Chicken, Baked Potato and Steamed Vegetables with the World Famous Texas Roadhouse Rolls | **Business Experience:**<br>Ms. Abell is a founding family member, Executive Chairwoman of the Board of Directors, and Chief Purpose Officer for Donatos Pizza and Jane's Dough Premium Foods, all positions she has held since 2010. At Donatos, Ms. Abell previously held the title of Chief Operations Officer, Chief People Officer, and President. She also previously served as Senior Vice President of Business Development for Donatos where she led growth for franchising and development during the period of time in which Donatos was owned by the McDonald's corporation. |
| ***Director Since:*** 2024<br>***Age:*** 59<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee<br>***Public Boards:***<br>None<br>***Favorite Texas Roadhouse Food Item:*** <br>Herb Crusted Chicken, Baked Potato and Steamed Vegetables with the World Famous Texas Roadhouse Rolls | **Reason for Nomination:**<br>Ms. Abell is being nominated as a non-employee director because of her executive and board experience as well as her extensive knowledge of the restaurant industry where she has over 30 years of experience in the industry. As a result of these and other professional experiences, Ms. Abell possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2024<br>***Age:*** 59<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee<br>***Public Boards:***<br>None<br>***Favorite Texas Roadhouse Food Item:*** <br>Herb Crusted Chicken, Baked Potato and Steamed Vegetables with the World Famous Texas Roadhouse Rolls | **Key Skills:** Chief Executive; Restaurant Industry; Human Resources |

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| **Hugh J. Carroll** | **Business Experience:** <br>Mr. Carroll joined Texas Roadhouse in August 2012 as Vice President of International to lead Texas Roadhouse's international franchising and development activities. In 2019, he was named President of International and subsequently took on leadership of Texas Roadhouse's Jaggers brand. Mr. Carroll continued to oversee the Jaggers brand and Texas Roadhouse's international franchising and development activities until his retirement from Texas Roadhouse at the beginning of January 2026. Prior to joining Texas Roadhouse, he served as the acting Chief Executive Officer, President, Chief Operating Officer, and Senior Vice President of Operations at Rosinter Restaurants Holding in Moscow, Russia. Mr. Carroll has over 35 years of multi-unit restaurant operations, management, and development experience, including multiple domestic and international operations executive assignments with Carlson Restaurants Worldwide. He also has experience in managing restaurant operations in the casual dining and fast-food restaurant segments from both a corporate and franchise perspective. |
| ***Director Since:*** 2025<br>***Age:*** 69<br>***Board Committees / Leadership:***<br>None.<br>***Public Boards:***<br>None<br>***Favorite Texas Roadhouse Food Item:***<br>Jaggers Cobb Salad with Blue Cheese Dressing  | **Business Experience:** <br>Mr. Carroll joined Texas Roadhouse in August 2012 as Vice President of International to lead Texas Roadhouse's international franchising and development activities. In 2019, he was named President of International and subsequently took on leadership of Texas Roadhouse's Jaggers brand. Mr. Carroll continued to oversee the Jaggers brand and Texas Roadhouse's international franchising and development activities until his retirement from Texas Roadhouse at the beginning of January 2026. Prior to joining Texas Roadhouse, he served as the acting Chief Executive Officer, President, Chief Operating Officer, and Senior Vice President of Operations at Rosinter Restaurants Holding in Moscow, Russia. Mr. Carroll has over 35 years of multi-unit restaurant operations, management, and development experience, including multiple domestic and international operations executive assignments with Carlson Restaurants Worldwide. He also has experience in managing restaurant operations in the casual dining and fast-food restaurant segments from both a corporate and franchise perspective. |
| ***Director Since:*** 2025<br>***Age:*** 69<br>***Board Committees / Leadership:***<br>None.<br>***Public Boards:***<br>None<br>***Favorite Texas Roadhouse Food Item:***<br>Jaggers Cobb Salad with Blue Cheese Dressing  | **Reason for Nomination:**<br>Mr. Carroll is being nominated as a non-independent, non-employee director because of his prior role as President of International of the Company, his executive experience, his international experience, and his in-depth knowledge of the restaurant industry and the Company. As a result of these and other professional experiences, Mr. Carroll possesses particular knowledge and experience that strengthens the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2025<br>***Age:*** 69<br>***Board Committees / Leadership:***<br>None.<br>***Public Boards:***<br>None<br>***Favorite Texas Roadhouse Food Item:***<br>Jaggers Cobb Salad with Blue Cheese Dressing  | **Key Skills:** Chief Executive; Restaurant Industry; International and Franchising<br>|

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| **Michael A. Crawford** | **Business Experience:** <br>Mr. Crawford is currently serving as the Chief Executive Officer of Baillie Lodges & Tierra Hotels, a collection of luxury lodges and hotels. In this role, he is responsible for leading the strategic growth and operational excellence of the hotel and resort portfolio. He previously served as the Chairman of the Board, President and Chief Executive Officer for Hall of Fame Resort & Entertainment Company, including Hall of Fame Village, Hall of Fame Village Media and Gold Summit Gaming divisions, from December 2018 until May 2025. From 2014 to 2018, Mr. Crawford held numerous executive positions with the Four Seasons Hotels and Resorts Company, starting as the President of Asia Pacific and subsequently becoming Global President of Portfolio Management. While at Four Seasons, he was responsible for business and capital planning, along with the design and construction of all new Four Seasons Hotels and Resorts worldwide. Prior to Four Seasons, Mr. Crawford spent almost 25 years at the Walt Disney Company (NYSE: DIS) where he rose to Senior Vice President and General Manager of Shanghai Disney Resort and President of Shanghai's Walt Disney Holdings Company. Mr. Crawford also serves as the lead independent director for Seaport Entertainment Group (NYSE: SEG), which develops, owns, and operates a real estate and entertainment portfolio, where he also serves as the chairman of the nominating and corporate governance committee. Finally, Mr. Crawford serves as an independent director on the Board of Directors of The Ironman Group, a privately held global endurance sports company. |
| ***Director Since:*** 2020<br>***Age:*** 58<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee; Chairperson of Talent Management and Compensation Committee<br>***Public Boards:***<br>Seaport Entertainment Group (NYSE: SEG)<br>***Favorite Texas Roadhouse Food Item:***<br>6oz Filet and Grilled Shrimp | **Business Experience:** <br>Mr. Crawford is currently serving as the Chief Executive Officer of Baillie Lodges & Tierra Hotels, a collection of luxury lodges and hotels. In this role, he is responsible for leading the strategic growth and operational excellence of the hotel and resort portfolio. He previously served as the Chairman of the Board, President and Chief Executive Officer for Hall of Fame Resort & Entertainment Company, including Hall of Fame Village, Hall of Fame Village Media and Gold Summit Gaming divisions, from December 2018 until May 2025. From 2014 to 2018, Mr. Crawford held numerous executive positions with the Four Seasons Hotels and Resorts Company, starting as the President of Asia Pacific and subsequently becoming Global President of Portfolio Management. While at Four Seasons, he was responsible for business and capital planning, along with the design and construction of all new Four Seasons Hotels and Resorts worldwide. Prior to Four Seasons, Mr. Crawford spent almost 25 years at the Walt Disney Company (NYSE: DIS) where he rose to Senior Vice President and General Manager of Shanghai Disney Resort and President of Shanghai's Walt Disney Holdings Company. Mr. Crawford also serves as the lead independent director for Seaport Entertainment Group (NYSE: SEG), which develops, owns, and operates a real estate and entertainment portfolio, where he also serves as the chairman of the nominating and corporate governance committee. Finally, Mr. Crawford serves as an independent director on the Board of Directors of The Ironman Group, a privately held global endurance sports company. |
| ***Director Since:*** 2020<br>***Age:*** 58<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee; Chairperson of Talent Management and Compensation Committee<br>***Public Boards:***<br>Seaport Entertainment Group (NYSE: SEG)<br>***Favorite Texas Roadhouse Food Item:***<br>6oz Filet and Grilled Shrimp | **Reason for Nomination:**<br>Mr. Crawford is being nominated as a non-employee director because of his chief executive experience, his hospitality and international experience, and his strategic planning experience. As a result of these and other professional experiences, Mr. Crawford possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2020<br>***Age:*** 58<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee; Chairperson of Talent Management and Compensation Committee<br>***Public Boards:***<br>Seaport Entertainment Group (NYSE: SEG)<br>***Favorite Texas Roadhouse Food Item:***<br>6oz Filet and Grilled Shrimp | **Key Skills:** Chief Executive; Hospitality; International <br>|

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| **Donna E. Epps** | **Business Experience:**<br>Ms. Epps is a certified public accountant licensed in the State of Texas who previously served in various capacities at Deloitte LLP for over 31 years, including over 17 years of focus on providing attest services to private and public companies across industries including distribution, commercial and industrial products, energy, technology, and telecommunications. Following her retirement from Deloitte in 2017, Ms. Epps serves as an independent director for Saia, Inc. (NASDAQ: SAIA), a transportation company that predominantly transports less-than-truckload shipments across 45 states but also offers a wide range of other services, including non-asset truckload, expedited transportation and logistics services across North America. Ms. Epps also serves as an independent director for Texas Pacific Land Corporation (NYSE: TPL), one of the largest landowners in the state of Texas with approximately 900,000 acres of land located in 19 counties of West Texas. |
| ***Director Since:*** 2021<br>***Age:*** 62<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Finance and Audit Committee<br>***Public Boards:***<br>Saia, Inc. (NASDAQ: SAIA) Texas Pacific Land <br>Corporation (NYSE: TPL)<br>***Favorite Texas Roadhouse Food Item:***<br>Fall-Off-The-Bone Ribs | **Business Experience:**<br>Ms. Epps is a certified public accountant licensed in the State of Texas who previously served in various capacities at Deloitte LLP for over 31 years, including over 17 years of focus on providing attest services to private and public companies across industries including distribution, commercial and industrial products, energy, technology, and telecommunications. Following her retirement from Deloitte in 2017, Ms. Epps serves as an independent director for Saia, Inc. (NASDAQ: SAIA), a transportation company that predominantly transports less-than-truckload shipments across 45 states but also offers a wide range of other services, including non-asset truckload, expedited transportation and logistics services across North America. Ms. Epps also serves as an independent director for Texas Pacific Land Corporation (NYSE: TPL), one of the largest landowners in the state of Texas with approximately 900,000 acres of land located in 19 counties of West Texas. |
| ***Director Since:*** 2021<br>***Age:*** 62<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Finance and Audit Committee<br>***Public Boards:***<br>Saia, Inc. (NASDAQ: SAIA) Texas Pacific Land <br>Corporation (NYSE: TPL)<br>***Favorite Texas Roadhouse Food Item:***<br>Fall-Off-The-Bone Ribs | **Reason for Nomination:**<br>Ms. Epps is being nominated as a non-employee director because of her extensive audit, risk, financial and accounting experience and her extensive board experience. As a result of these and other professional experiences, Ms. Epps possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2021<br>***Age:*** 62<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Finance and Audit Committee<br>***Public Boards:***<br>Saia, Inc. (NASDAQ: SAIA) Texas Pacific Land <br>Corporation (NYSE: TPL)<br>***Favorite Texas Roadhouse Food Item:***<br>Fall-Off-The-Bone Ribs | **Key Skills:** Audit; Finance and Accounting; Enterprise Risk Management<br>|

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| **Elizabeth K. Ingram** | **Business Experience:** <br>Ms. Ingram is the Chief Executive Officer and Chair of the Board of Directors of White Castle System, Inc., a restaurant chain with approximately 350 locations and a manufacturing business that sells products to retailers in all 50 states. She has served as CEO of White Castle Systems, Inc. since 2016 and Chair of the Board of Directors since 2021. Ms. Ingram has served on the Board of Directors of M/I Homes, Inc. (NYSE: MHO) since 2019, where she also serves as the chairwoman of the audit committee and member of the executive compensation committee. She also serves as the Chair of the Board of Directors of OhioHealth, where she also serves as the chair of the compensation committee, and is a member of the governing committee for The Columbus Foundation.  |
| ***Director Since:*** 2026<br>***Age:*** 55<br>***Board Committees / Leadership:***<br>None<br>***Public Boards:*** <br>M/I Homes, Inc. (NASDAQ: MHO)<br>***Favorite Texas Roadhouse Food Item:*** <br>Fried pickles with a 6oz Filet, Baked Potato, Applesauce, and the World Famous Texas Roadhouse Rolls.  | **Business Experience:** <br>Ms. Ingram is the Chief Executive Officer and Chair of the Board of Directors of White Castle System, Inc., a restaurant chain with approximately 350 locations and a manufacturing business that sells products to retailers in all 50 states. She has served as CEO of White Castle Systems, Inc. since 2016 and Chair of the Board of Directors since 2021. Ms. Ingram has served on the Board of Directors of M/I Homes, Inc. (NYSE: MHO) since 2019, where she also serves as the chairwoman of the audit committee and member of the executive compensation committee. She also serves as the Chair of the Board of Directors of OhioHealth, where she also serves as the chair of the compensation committee, and is a member of the governing committee for The Columbus Foundation.  |
| ***Director Since:*** 2026<br>***Age:*** 55<br>***Board Committees / Leadership:***<br>None<br>***Public Boards:*** <br>M/I Homes, Inc. (NASDAQ: MHO)<br>***Favorite Texas Roadhouse Food Item:*** <br>Fried pickles with a 6oz Filet, Baked Potato, Applesauce, and the World Famous Texas Roadhouse Rolls.  | **Reason for Nomination:**<br>Ms. Ingram is being nominated because of her executive and board experience as well as her extensive knowledge of the restaurant industry and marketing background. As a result of these and other professional experiences, Ms. Ingram possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2026<br>***Age:*** 55<br>***Board Committees / Leadership:***<br>None<br>***Public Boards:*** <br>M/I Homes, Inc. (NASDAQ: MHO)<br>***Favorite Texas Roadhouse Food Item:*** <br>Fried pickles with a 6oz Filet, Baked Potato, Applesauce, and the World Famous Texas Roadhouse Rolls.  | **Key Skills:** Chief Executive; Restaurant Industry; Marketing<br>|

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| **Wayne L. Jones** | **Business Experience:** <br>Mr. Jones has over 40 years of experience in the restaurant industry, where his career spans several well-respected brands, including BJ's Restaurants, P.F. Chang's, Anthony's Coal Fired Pizza, and The Cheesecake Factory. Most recently, Mr. Jones served as the Chief Executive Officer of Anthony's Coal Fired Pizza from 2017 until his retirement in 2020. In addition to his executive level experience, Mr. Jones served on the Board of Directors as an independent director at Craftworks Restaurants from 2015 to 2018. |
| ***Director Since:*** 2023<br>***Age:*** 67<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Risk Subcommittee<br>***Public Boards:*** <br>None<br>***Favorite Texas Roadhouse Food Item:*** <br>Ribeye, Loaded Baked Potato and Rattlesnake Bites with the World Famous Texas Roadhouse Rolls | **Business Experience:** <br>Mr. Jones has over 40 years of experience in the restaurant industry, where his career spans several well-respected brands, including BJ's Restaurants, P.F. Chang's, Anthony's Coal Fired Pizza, and The Cheesecake Factory. Most recently, Mr. Jones served as the Chief Executive Officer of Anthony's Coal Fired Pizza from 2017 until his retirement in 2020. In addition to his executive level experience, Mr. Jones served on the Board of Directors as an independent director at Craftworks Restaurants from 2015 to 2018. |
| ***Director Since:*** 2023<br>***Age:*** 67<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Risk Subcommittee<br>***Public Boards:*** <br>None<br>***Favorite Texas Roadhouse Food Item:*** <br>Ribeye, Loaded Baked Potato and Rattlesnake Bites with the World Famous Texas Roadhouse Rolls | **Reason for Nomination:**<br>Mr. Jones is being nominated because of his chief executive and board of director experience as well as his extensive knowledge of the restaurant industry where he has over 40 years of experience in the industry. As a result of these and other professional experiences, Mr. Jones possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2023<br>***Age:*** 67<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Risk Subcommittee<br>***Public Boards:*** <br>None<br>***Favorite Texas Roadhouse Food Item:*** <br>Ribeye, Loaded Baked Potato and Rattlesnake Bites with the World Famous Texas Roadhouse Rolls | **Key Skills:** Chief Executive; Restaurant Industry; Hospitality<br>|

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| **Gregory N. Moore** | **Business Experience:** <br>Mr. Moore served as the Senior Vice President and Controller of Yum! Brands, Inc. until he retired in 2005. Yum! Brands is the worldwide parent company of Taco Bell, KFC, and Pizza Hut. Prior to becoming Yum! Brands' Controller, Mr. Moore was the Vice President and General Auditor of Yum! Brands. Before that, he was with PepsiCo, Inc. and held the position of Vice President, Controller of Taco Bell and Controller of PepsiCo Wines & Spirits International, a division of PepsiCola International. Before joining PepsiCo, he was an Audit Manager with Arthur Young & Company in its New York, New York and Stamford, Connecticut offices. Mr. Moore is a certified public accountant in the States of New York and California. Mr. Moore previously served on the board of Newegg Commerce, Inc. (NASDAQ: NEGG), an on-line retailer specializing in computer and computer-related equipment, from July 2011 until October 2025. |
| ***Director Since:*** 2005<br>***Age:*** 76<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee; Chairman of the Board<br>***Public Boards:*** <br>None.<br>***Favorite Texas Roadhouse Food Item:*** <br>Texas Size Combo of 6oz Filet and Fall-Off-The Bone Ribs | **Business Experience:** <br>Mr. Moore served as the Senior Vice President and Controller of Yum! Brands, Inc. until he retired in 2005. Yum! Brands is the worldwide parent company of Taco Bell, KFC, and Pizza Hut. Prior to becoming Yum! Brands' Controller, Mr. Moore was the Vice President and General Auditor of Yum! Brands. Before that, he was with PepsiCo, Inc. and held the position of Vice President, Controller of Taco Bell and Controller of PepsiCo Wines & Spirits International, a division of PepsiCola International. Before joining PepsiCo, he was an Audit Manager with Arthur Young & Company in its New York, New York and Stamford, Connecticut offices. Mr. Moore is a certified public accountant in the States of New York and California. Mr. Moore previously served on the board of Newegg Commerce, Inc. (NASDAQ: NEGG), an on-line retailer specializing in computer and computer-related equipment, from July 2011 until October 2025. |
| ***Director Since:*** 2005<br>***Age:*** 76<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee; Chairman of the Board<br>***Public Boards:*** <br>None.<br>***Favorite Texas Roadhouse Food Item:*** <br>Texas Size Combo of 6oz Filet and Fall-Off-The Bone Ribs | **Reason for Nomination:**<br>Mr. Moore is being nominated as a non-employee director because of his extensive financial, accounting, and international experience as well as his experience in the restaurant industry. As a result of these and other professional experiences, Mr. Moore possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2005<br>***Age:*** 76<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Talent Management and Compensation Committee; Chairman of the Board<br>***Public Boards:*** <br>None.<br>***Favorite Texas Roadhouse Food Item:*** <br>Texas Size Combo of 6oz Filet and Fall-Off-The Bone Ribs | **Key Skills:** Finance and Accounting; Restaurant Industry; International<br>|

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| **Gerald L. Morgan** | **Business Experience:** <br>Mr. Morgan is a 29-year veteran of Texas Roadhouse and has 40 years of total foodservice experience, including with Bennigan's and Burger King. His career with Texas Roadhouse began in 1997 as Managing Partner in Grand Prairie, Texas, which was store number 26 and the first in Texas. Mr. Morgan was named Managing Partner of the Year in 2001, which is the Company's highest recognition. Mr. Morgan was promoted to Market Partner in 2001, where he oversaw and grew operations in Texas and Oklahoma. In 2014, Mr. Morgan was awarded the Texas Roadhouse Legends Award at the Company's Managing Partner Conference. The following year, he was promoted to Regional Market Partner. Mr. Morgan was named Chief Executive Officer in 2021. Mr. Morgan also previously served as President of the Company from December 2020 through January 2023. In August 2025, Mr. Morgan was appointed the Executive Vice Chairman of the Company while remaining as the Company's Chief Executive Officer. |
| ***Director Since:*** 2021<br>***Age:*** 65<br>***Board Committees / Leadership:***<br>Company's Chief Executive Officer and Executive Vice Chairman<br>***Public Boards:*** <br>None<br>***Favorite Texas Roadhouse Food Items:***<br>TXRH: 8oz Sirloin with Green Beans and Seasoned Corn <br>Bubba's 33: Patriot Burger<br>Jaggers: Banana Split Shake  | **Business Experience:** <br>Mr. Morgan is a 29-year veteran of Texas Roadhouse and has 40 years of total foodservice experience, including with Bennigan's and Burger King. His career with Texas Roadhouse began in 1997 as Managing Partner in Grand Prairie, Texas, which was store number 26 and the first in Texas. Mr. Morgan was named Managing Partner of the Year in 2001, which is the Company's highest recognition. Mr. Morgan was promoted to Market Partner in 2001, where he oversaw and grew operations in Texas and Oklahoma. In 2014, Mr. Morgan was awarded the Texas Roadhouse Legends Award at the Company's Managing Partner Conference. The following year, he was promoted to Regional Market Partner. Mr. Morgan was named Chief Executive Officer in 2021. Mr. Morgan also previously served as President of the Company from December 2020 through January 2023. In August 2025, Mr. Morgan was appointed the Executive Vice Chairman of the Company while remaining as the Company's Chief Executive Officer. |
| ***Director Since:*** 2021<br>***Age:*** 65<br>***Board Committees / Leadership:***<br>Company's Chief Executive Officer and Executive Vice Chairman<br>***Public Boards:*** <br>None<br>***Favorite Texas Roadhouse Food Items:***<br>TXRH: 8oz Sirloin with Green Beans and Seasoned Corn <br>Bubba's 33: Patriot Burger<br>Jaggers: Banana Split Shake  | **Reason for Nomination:**<br>Mr. Morgan is being nominated as an executive director because of his role as Chief Executive Officer of the Company, his knowledge of the restaurant industry, and his in-depth knowledge of the Company. As a result of these and other professional experiences, Mr. Morgan possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2021<br>***Age:*** 65<br>***Board Committees / Leadership:***<br>Company's Chief Executive Officer and Executive Vice Chairman<br>***Public Boards:*** <br>None<br>***Favorite Texas Roadhouse Food Items:***<br>TXRH: 8oz Sirloin with Green Beans and Seasoned Corn <br>Bubba's 33: Patriot Burger<br>Jaggers: Banana Split Shake  | **Key Skills:** Chief Executive; Restaurant Industry; Business Operations and Strategy<br>|

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| **Curtis A. Warfield** | **Business Experience:**<br>Mr. Warfield is a certified public accountant licensed in the Commonwealth of Kentucky and is currently the President and Chief Executive Officer of Windham Advisors LLC, a private equity and strategic advisory firm that offers innovative business solutions for companies in technology, healthcare, and real-estate industries. He served as part of the senior leadership team of Anthem, Inc. (NYSE: ANTM), one of the nation's largest health insurers with over $100 billion in revenues from 2017 to 2019. Previously he served in a variety of roles from 1997 to 2016 at HCA, the largest healthcare provider in the country. He began as the Chief Financial Officer of the Columbia Healthcare Network with a majority of his tenure serving as the Chief Executive Officer of NPAS, a healthcare services company. In 2021, Mr. Warfield joined the board of Talkspace, Inc. (NASDAQ: TALK), a digital company which offers mental health treatment services. Mr. Warfield also served on the board of OneOncology until June 2023, before the sale to Amerisource Bergen (NYSE:ABC), a company that invests in and collaborates with community oncology practices. |
| ***Director Since:*** 2018<br>***Age:*** 58<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Nominating and Corporate Governance Committee<br>***Public Boards:***<br>Talkspace, Inc. <br>(NASDAQ: TALK)<br>***Favorite Texas Roadhouse Food Item:***<br>Beef Tips, Mashed Potatoes and Gravy with the World Famous Texas Roadhouse Rolls | **Business Experience:**<br>Mr. Warfield is a certified public accountant licensed in the Commonwealth of Kentucky and is currently the President and Chief Executive Officer of Windham Advisors LLC, a private equity and strategic advisory firm that offers innovative business solutions for companies in technology, healthcare, and real-estate industries. He served as part of the senior leadership team of Anthem, Inc. (NYSE: ANTM), one of the nation's largest health insurers with over $100 billion in revenues from 2017 to 2019. Previously he served in a variety of roles from 1997 to 2016 at HCA, the largest healthcare provider in the country. He began as the Chief Financial Officer of the Columbia Healthcare Network with a majority of his tenure serving as the Chief Executive Officer of NPAS, a healthcare services company. In 2021, Mr. Warfield joined the board of Talkspace, Inc. (NASDAQ: TALK), a digital company which offers mental health treatment services. Mr. Warfield also served on the board of OneOncology until June 2023, before the sale to Amerisource Bergen (NYSE:ABC), a company that invests in and collaborates with community oncology practices. |
| ***Director Since:*** 2018<br>***Age:*** 58<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Nominating and Corporate Governance Committee<br>***Public Boards:***<br>Talkspace, Inc. <br>(NASDAQ: TALK)<br>***Favorite Texas Roadhouse Food Item:***<br>Beef Tips, Mashed Potatoes and Gravy with the World Famous Texas Roadhouse Rolls | **Reason for Nomination:**<br>Mr. Warfield is being nominated as a non-employee director because of his extensive financial and accounting experience, his executive management experience, and his information technology experience. As a result of these and other professional experiences, Mr. Warfield possesses particular knowledge and experience that strengthen the Board's collective qualifications, skills, and experience.<br>|
| ***Director Since:*** 2018<br>***Age:*** 58<br>***Board Committees / Leadership:***<br>Finance and Audit Committee; Nominating and Corporate Governance Committee; Chairperson of Nominating and Corporate Governance Committee<br>***Public Boards:***<br>Talkspace, Inc. <br>(NASDAQ: TALK)<br>***Favorite Texas Roadhouse Food Item:***<br>Beef Tips, Mashed Potatoes and Gravy with the World Famous Texas Roadhouse Rolls | **Key Skills:** Audit; Finance and Accounting; Capital Management and Allocation<br>|

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**Meetings of the Board**

The Board met on 13 occasions and its standing committees (Audit Committee, Compensation Committee, and Nominating Committee) met on 21 occasions during our fiscal year ended December 30, 2025, which consisted of (i) 11 meetings of the Audit Committee, (ii) five meetings of the Compensation Committee, and (iii) five meetings of the Nominating Committee. Of the 13 meetings of the Board, four were joint meetings among the Board, the Audit Committee, the Compensation Committee and/or the Nominating Committee, and four of such meetings occurred immediately prior to the Audit Committee to approve the issuance of the applicable quarterly dividend. Each incumbent director attended at least 75% of the aggregate number of meetings of the Board and its committees on which such director served during his or her period of service in fiscal 2025. In addition, the Company expects all members of the Board being nominated for re-election to attend the Annual Meeting. All incumbent directors attended the 2025 annual meeting. Four regular Board meetings are currently scheduled for the 2026 fiscal year. Executive sessions of independent directors, without management directors or employees present, are typically scheduled in conjunction with each regularly scheduled Board meeting. The role of each standing committee is more fully described below.

**Leadership Structure of the Board**

The Board currently consists of seven independent directors, one non-independent, non-employee director and one executive director. On March 19, 2021 and following the passing of W. Kent Taylor, the Company's founder and then Chairman of the Board and Chief Executive Officer of the Company, the Board named Gregory N. Moore as Chairman of the Board. Mr. Moore joined the Board in 2005 following the Company's initial public offering in 2004. Until his appointment as Chairman of the Board, Mr. Moore had previously served as the Board's Lead Independent director since the creation of that position in 2012. The responsibility and authority of the Lead Independent director are delineated in our Corporate Governance Guidelines, which can be found on the Company's website at *www.texasroadhouse.com.* The Board determined that a separation of the duties and responsibilities of the Chairman of the Board from those of the Chief Executive Officer was appropriate during the transition following the death of the Company's founder. The Board believes this separation continues to be appropriate because it provides a clear allocation of authority and strengthens independent oversight and CEO accountability. As more particularly described below, Mr. Morgan, the Company's Chief Executive Officer, was appointed to the Board on June 15, 2021.

On August 14, 2025, the Board appointed Mr. Morgan as Executive Vice Chairman of the Company. Mr. Morgan continues to serve as Chief Executive Officer of the Company, and his appointment was a part of the Company's long-term Board succession planning processes. As a part of such long-term succession planning, Mr. Morgan has been identified as the future Chairman of the Board following such time as Chairman Moore no longer holds such position. As Executive Vice Chairman, Mr. Morgan is responsible for presiding over the meetings of the Board in the absence of the Chairman of the Board and performs such other duties as may be assigned to the Executive Vice Chairman by the Board. Additionally, as part of the Company's long-term succession planning, the Board has identified an individual to fill the role of Lead Independent Director at such time as Mr. Morgan assumes the role of Chairman of the Board.

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**Role of the Board in Strategy and Risk Oversight**

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| &nbsp;&nbsp;**BOARD OVERSIGHT-AT-A-GLANCE** | &nbsp;&nbsp;**BOARD OVERSIGHT-AT-A-GLANCE** |
| &nbsp;&nbsp;<br>**Board's General Oversight Responsibilities** <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>● Establishing Board corporate policies<br>● Overseeing management and strategic direction of the Company<br>● Overseeing the Company's strategy and initiatives<br>|
| &nbsp;&nbsp;<br>**Board's Strategic Planning and Strategic Initiatives Oversight Responsibilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>● Oversight roles include succession and organizational planning, human capital and talent management, corporate governance, corporate policy and process development, enterprise risk management, capital structure and allocation, and long-term financial and business planning<br>● Ensure alignment on long-term goals and strategic growth and technology initiatives<br>● Every Board meeting – strategic overview of one of our restaurant brands and/or a business update of each restaurant brand<br>|
| &nbsp;&nbsp;<br>**Board's Risk Oversight Responsibilities**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>● Responsible for overseeing our risk management strategy – directly and through Board committees<br>● Direct oversight of the Company's enterprise risk management program, including the Company's risk register<br>● Key risk management responsibilities have been delegated to the Audit Committee (and its risk subcommittee), the Compensation Committee, and the Nominating Committee (as more particularly described below)<br>|

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*Role of the Board and Management*. As more specifically described in our Corporate Governance Guidelines, the Company's business is conducted by the officers and employees under the direction of the Chairman of the Board or the Vice Chairman of the Board, and if there is no Board Chairman or Board Vice Chairman, then the Chief Executive Officer of the Company, and under the oversight of the Board. In connection with the same, the Board's role is to enhance the long-term value of the Company for its shareholders. The Board is elected annually by the Company's shareholders to oversee management and the execution of the Company's strategy, and to ensure that the long-term interests of the shareholders are being served. In order to fulfill these obligations, the Board is responsible for establishing broad corporate policies, setting and overseeing the Company's strategic direction, and overseeing the management of the Company.

*Strategic Planning and Strategic Initiatives.* In addition to and as part of the broad responsibilities described in the immediately preceding paragraph, the Board plays an instrumental oversight role in the strategic planning and initiatives of the Company to ensure that the appropriate processes, systems, and organizational infrastructure is in place to support and align all management teams and functions toward the

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execution of the Company's mission, values, and purpose. The Board's oversight role includes succession and organizational planning, human capital management, governance, corporate policy and process development, enterprise risk management, capital structure and allocation, and long-term financial and business planning.

As a part of this role, the Board reviews the Company's strategy with management to ensure that the Company and the Board are aligned on the long-term goals and strategic initiatives of the Company. At every quarterly Board meeting, the Board and management conduct a strategic overview of one of the Company's main restaurant brands (including the international business) and are continually updated throughout the year on the performance of each brand or business unit. Additionally, the Board conducts periodic reviews of the manner in which the Company is allocating its capital to ensure that the Board and the management of the Company are in agreement on how the Company is managing its asset portfolio. Finally, the Board provides direct oversight over certain other strategic initiatives or transactions implemented by the Company, including new store development, franchise acquisitions and development, international development, retail or other business development initiatives, technology initiatives, and the Company's share repurchase activities and dividend program (as applicable). The Board executes its strategic oversight responsibility directly and through its committees as more particularly described below.

*Risk Oversight.* The Board is responsible for overseeing the Company's risk management strategy, including the Company's implementation of appropriate processes to administer day-to-day risk management. The Board executes its oversight responsibility directly and through its committees and is informed about risk management matters as part of its role in its general oversight and approval of corporate matters. The Board provides the Company's management with clear guidance on the risks it believes face the Company, such as the matters disclosed as risk factors in the Company's Annual Report on Form 10-K. Additionally, the Board has delegated certain risk management responsibilities to its Audit Committee, Compensation Committee, and Nominating Committee.

During the 2025 fiscal year, the Board and management of the Company completed a multi-year analysis on the manner in which risk oversight is overseen by the Board and delegated among its committees. The purpose of the analysis was to determine how to distribute responsibilities evenly among the Board and its committees to enable a deeper focus on core areas of responsibility and strategic priority, as well as to evaluate how to assign roles and responsibilities among the specific committee members to leverage both individual and team strengths and to maximize the overall effectiveness of each committee based on the experience and skill of each committee member.

Based on the results of such analysis, the following describes the oversight role of the Board and its committees starting in 2026:

**Board Oversight:** The Board has direct oversight of the Company's enterprise risk management program, including the Company's risk register, and on an annual basis delegates specific oversight responsibilities to the Board's committees and/or subcommittees. The Board had previously delegated this risk oversight responsibility directly to the Audit Committee.

**Audit Committee:** In order to reflect its core responsibilities, the Audit Committee changed its name to the "Finance and Audit Committee." The Audit Committee continues to oversee the Company's disclosure of the Company's financial risks, and continues to oversee the Company's internal and external auditors, the Company's internal controls and financial reporting, as well as continues to review the Company's external filings with the Securities and Exchange Commission. The Audit Committee continues to receive regular reports from the Company's internal auditors on the results of internal audits, the scope and frequency of which are based on comprehensive risk assessments which have been approved by the Audit Committee. Additionally, the core Audit Committee continues to focus on financial, cyber, data, privacy, and artificial intelligence (AI) risks. The Audit Committee receives risk updates from financial-related department level risks including from the Company's accounting, finance, internal audit, and treasury functions. The Company's information governance and crisis and business continuity risk subcommittees (under its overall enterprise risk management program) provides annual risk updates to the Audit Committee regarding the risk-based initiatives they are performing. Finally, as more particularly described below, the Audit Committee will jointly perform an

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annual risk assessment of our compensation programs for all employees to determine whether these programs encourage unnecessary or excessive risk taking.

Additionally, the Audit Committee formed the Risk Subcommittee under its purview that will focus on non-financial operational and department level risks. Wayne L. Jones serves as the initial chairperson of the Risk Subcommittee and all of the members of the Audit Committee are members of the Risk Subcommittee. The Risk Subcommittee receives risk updates from specific departments within the Company as a part of a rotational review of certain risks. Further, the Company's food safety, responsible alcohol service, vendor management, employee and guest safety, and California operations risk subcommittees (under its overall enterprise risk management program) provide annual risk updates to the Risk Subcommittee regarding the risk-based initiatives they are performing.

**Compensation Committee:** In order to reflect its additional responsibilities, the Compensation Committee changed its name to the "Talent Management and Compensation Committee." The Compensation Committee continues to oversee the compensation programs for the Company's executive officers and non-employee directors. The Compensation Committee, in fulfilling its oversight responsibilities, designs the compensation packages applicable to the Company's executive officers and Board members. The Compensation Committee also periodically consults with management on the payments of bonuses and grants of stock awards to key employees. In addition to the duties and responsibilities described below, the Compensation Committee has risk oversight responsibilities over human capital management and strategy, succession planning and leadership continuity, and organizational resiliency. As a part of these risk oversight responsibilities, the Company's human resource department provides an update ton the Compensation Committee on an annual basis on the Company's human capital management strategy. Additionally, the Company's talent strategy and compliance risk subcommittee (under its overall enterprise risk management program) also provides annual risk updates to the Compensation Committee regarding the risk-based initiatives it is performing.

**Nominating Committee:** As more particularly described below, the Nominating Committee continues to be responsible for overseeing risks relating to the Company's corporate governance practices. In addition to the duties and responsibilities described below, the Nominating Committee oversees the Company's shareholder engagement and the Board's new director orientation programs. As a part of this oversight responsibility, the Company's investor relations function provides an update to the Nominating Committee on an annual basis on the Company's investor relations strategy. Additionally, the Nominating Committee has risk oversight responsibilities over the Company's corporate sustainability program. The Company's corporate sustainability risk subcommittee (under its overall enterprise risk management program) also provides annual risk updates to the Nominating Committee regarding the risk-based initiatives it is performing.

*Enterprise Risk Management*. As a part of our enterprise risk management process and under the oversight of the Board, the Company has formed a series of subject matter risk committees that are composed of cross-functional leaders within the Company that specialize in specific areas of risk previously identified by the Company, which regularly meet and report their activities to the enterprise risk management ("***ERM***") team. These subject matter risk committees focus on specific risks relating to business continuity / crisis management, food safety, responsible alcohol service, employment compliance, information governance (including data privacy compliance and the Company's use of artificial intelligence), vendor management, employee and guest safety, California operations, and corporate sustainability. The ERM team, consisting of members of senior leadership, meets regularly to identify emerging risk areas and key risk areas for the Company, and serves as a liaison between the subject matter risk committees and the executive risk committee described below. Additionally, the ERM team conducts a periodic review of a risk register, including an in-depth focus on high priority risks, as well as evaluates the composition of existing subject matter risk committees and/or the potential need for the creation of new subject matter risk committees based on its review of the risk register and conducts a gap analysis with respect to the key risks identified on the Company's risk register to the Company's applicable lines of available insurance coverage, as well as a gap analysis to compare the key risks identified on the Company's risk register and the risks outlined on a recently completed materiality assessment. While the risk register previously was reviewed by the Audit Committee and the executive risk committee, moving forward, the risk register will be reviewed by the entire Board and the executive risk committee. Finally, the Company has an executive risk committee consisting of the Named Executive Officers, the ERM team, and

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certain other key members of management which meet twice a year to determine risk priorities, receive reports from the various risk subcommittees on their respective priorities and initiatives, and make decisions on key areas of risk.

Additionally, as indicated above, the ERM team regularly updates the Board (previously the Audit Committee in 2025) on the results of its risk management activities at least twice per year. Moreover, specific subject matter risk committees periodically report to the Audit Committee (or its Risk Subcommittee), the Compensation Committee, and/or the Nominating Committee (as applicable) on the risk-based initiatives being performed by the applicable internal risk subcommittee. The Audit Committee (or its Risk Subcommittee), the Compensation Committee, and the Nominating Committee (as and if applicable) are routinely advised of strategic, operational, financial, human capital, legal, data privacy, corporate sustainability, responsible alcohol service, and cybersecurity risks, and the applicable Board committee reviews and is informed of specific activities to manage these risks, such as policies and procedures, insurance plans, indemnification obligations, and internal controls (as and if applicable).

*Compensation Risk Analysis.* The Audit Committee and the Compensation Committee jointly perform an annual risk assessment of our compensation programs for all employees to determine whether these programs encourage unnecessary or excessive risk taking. In conducting this review, each of our compensation programs is evaluated on a number of criteria aimed at identifying any incentive programs that deviate from our risk management objectives. Based on this review in 2025, both the Audit Committee and the Compensation Committee concluded that we have the right combination of rewards and incentives to drive company performance, without encouraging unnecessary or excessive risk taking by our employees. In connection with the foregoing, the Company has not established a system of incentives that is reasonably likely to lead to excessive or inappropriate risk taking by employees or create a risk reasonably likely to have a material adverse effect on the Company. Specifically, the Audit Committee and the Compensation Committee identified the following components of our compensation programs that mitigate the likelihood of excessive risk taking to meet performance targets: equity incentive compensation in the form of restricted stock units; long term contracts and a financial buy-in requirement for restaurant management; a guaranteed base salary within our support center management personnel; minimums and maximums on profit sharing compensation within our support center management personnel; robust internal controls; operational focus on top line sales growth; and, a business model which focuses on a strong balance sheet, relatively low debt, prudent growth, and sustainable long-term profitability. The Board's oversight roles, including the roles of the Audit Committee and the Compensation Committee, allow the Board to effectively administer risk management policies while also effectively and efficiently addressing Company objectives. The Board expects to continue to involve Company management in its deliberations and decision-making in order to administer risk management policies effectively.

*Cybersecurity*. In the course of our operations, the Company receives and maintains sensitive information from our guests, employees, partners and business operations. To address cybersecurity threats to this information, the Company has used a risk-based approach to create and implement a detailed set of information security policies and procedures that are based on frameworks established by the National Institute of Standards and Technology. The Company's Head of Information Security leads the Company's cybersecurity efforts under the direct oversight of our Chief Technology Officer. These individuals, including the members of the cybersecurity team, have an average of 17 years of experience involving information technology, including security, auditing, compliance, systems, and programming. Additionally, the Company engages in the use of external cybersecurity experts for training, contingency planning, consultation, and process documentation.

The Company has implemented detective and preventative controls designed to ensure the appropriate level of protection for the confidentiality, integrity, and availability of data stored on or transferred through our information technology resources. Additionally, we have a risk assessment process to identify risks associated with our use of third-party service providers and have implemented specific processes and controls designed to mitigate those identified risks. Both internal and third-party audits are performed routinely to verify that these controls are effective. Additionally, the Company has implemented training programs designed to provide best practices for protecting our network and systems, and routinely leads exercises for employees to reinforce the risk and proper handling of targeted emails. The Company's Head of Information Security is responsible for

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developing and implementing these controls and training exercises with support from our information technology department.

The Company's enterprise risk management program has established an internal risk subcommittee to evaluate information governance risks including risks associated with the Company's use of artificial intelligence (AI). This risk subcommittee comprises members of management of the Company's information technology, human resources, marketing, accounting, risk, procurement, training, finance, and legal functions. This risk subcommittee is focused on performing risk assessments to identify areas of concern and implement appropriate changes to enhance its cybersecurity and privacy policies and procedures. The internal risk subcommittee is informed of the Company's risk prevention and mitigation efforts on at least a biannual basis by the Head of Information Security. The risk subcommittee is also briefed on detection and remediation of cybersecurity incidents in a timely manner following the detection of any potential events.

The Company has a crisis response team comprising senior members of various corporate functions to oversee the response to various crises including potential crises arising from cybersecurity incidents that may impact the Company and/or its vendor partners. This team conducts regular tabletop exercises to simulate responses to cybersecurity incidents. To the extent there is a cybersecurity incident impacting the Company and/or a vendor partner, the crisis response team's process would be to ensure that our Head of Information Security and Chief Technology Officer are informed immediately and that the potential impact of the incident and remedial measures arising from the incident are communicated to the executive officers of the Company.

The Board oversees the Company's risk assessment and risk management practices and strategies including oversight of the Company's enterprise risk management program. As a part of this oversight, the Board has delegated certain risk oversight responsibilities to its various committees as more particularly described above. In furtherance of the foregoing, the Board has delegated oversight responsibility of cybersecurity, AI and privacy risks to the Audit Committee. As a part of this oversight role, the Audit Committee receives regular updates from management on cybersecurity, AI, and privacy risks impacting the Company, which includes benchmarking these risks versus the industry. Our Board members also engage in ad hoc conversations with management on cybersecurity-related news events, receive training specific to cybersecurity risks and threats, and regularly discuss any updates to our cybersecurity risk management and strategy programs.

*Corporate Sustainability.* Both the Board and the Company take great pride in our corporate sustainability program and our appreciation for, and commitment to, our employees and for the communities in which we serve. Our commitment is evident from our passion and history of dedication to corporate citizenship and the manner in which we often consider sustainability as part of our strategy, operating model and overall decision-making process. This commitment includes not only the continued execution of our existing corporate sustainability activities but also identifying future opportunities. We actively pursue partnerships and opportunities that help conserve resources, reduce waste, and have a positive impact on our communities, as well as partner with other organizations and source products from suppliers who share our commitment to corporate sustainability. As a result, the Board reviews the Company's corporate sustainability initiatives as a part of their oversight role of the Company's business strategy and risk management. In particular, the Board, through itself or its committees, receives periodic updates, at least annually, of our corporate sustainability initiatives from management. The Company also includes an update on some of these initiatives in the Company's Annual Report.

Additionally and as described above, risks relating to corporate sustainability are managed by the Company as a part of the Company's enterprise risk management program and under the oversight of the Nominating Committee. In connection with the same, the Company has established an internal subject matter risk subcommittee to evaluate environmental, social, and governance matters. This corporate sustainability risk subcommittee is comprised of members of management from the Company's legal, human resources, communications, procurement, investor relations, development, internal audit, and SEC reporting functions. At least annually, the corporate sustainability risk committee reports to the Nominating Committee regarding the risk-based initiatives it is performing.

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In 2017, we released our initial corporate sustainability report which outlined the four core pillars of our corporate sustainability efforts: Food, Community, Employees, and Conservation. Our goal is to update our corporate sustainability report annually. The current report is available on the Company's website at *www.texasroadhouse.com*. Unless specifically incorporated by reference, the content posted on, or accessible through, our website is not incorporated by reference into this proxy statement or any of our filings with the Securities and Exchange Commission (the "***SEC***") and may be revised by us (in whole or in part) at any time and from time to time.

**Committees of the Board**

The Board has three standing committees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Audit Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Compensation Committee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Nominating Committee.

The Board has adopted a written charter for each of these committees, which set out the functions and responsibilities of each committee. The charters of these committees are available in their entirety on our website at *www.texasroadhouse.com*. Please note, however, that the information contained on the website is not incorporated by reference in, nor considered to be a part of, this proxy statement.

Additionally, starting in fiscal year 2026, the Audit Committee formed the Risk Subcommittee under its purview that will focus on non-financial operational and department level risks. Wayne L. Jones serves as the initial chairperson of the Risk Subcommittee and all of the members of the Audit Committee are members of the Risk Subcommittee.

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*Finance and Audit Committee.*

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|:---|:---|
| &nbsp;&nbsp;**FINANCE AND AUDIT COMMITTEE** | &nbsp;&nbsp;**FINANCE AND AUDIT COMMITTEE** |
| &nbsp;&nbsp;***Committee Members (2025):***<br>Donna E. Epps (Chair)<br>Jane Grote Abell<br>Michael A. Crawford<br>Wayne L. Jones<br>Gregory N. Moore<br>Curtis A. Warfield<br>***Committee Members (2026):***<br>Donna E. Epps (Chair)<br>Jane Grote Abell<br>Michael A. Crawford<br>Wayne L. Jones<br>Gregory N. Moore<br>Curtis A. Warfield<br>***Number of Meetings in 2025:*** 11<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Committee Functions:***<br>As described in its charter, the Audit Committee:<br>● assists the Board in fulfilling its oversight responsibilities relating to:<br>● the integrity of the Company's consolidated financial statements; <br>● the Company's risk assessment and risk management practices and strategies;<br>● the Company's compliance with legal and regulatory requirements;<br>● the independence and performance of the Company's internal and external auditors; and<br>● the Company's internal controls and financial reporting practices;<br>● is directly responsible for the following: <br>● pre-approving all audit and permitted non-audit related services provided by our independent auditors (which can be found on the Company's website at *www.texasroadhouse.com*);<br>● the appointment, compensation, retention, and oversight of the Company's independent auditors; and <br>● periodically reviewing the Company's independent auditors (which entails evaluating the service level of the incumbent independent auditor on an annual basis, which includes criteria such as prior year quality of service, industry and technical expertise, independence, resource availability, and reasonableness and competitiveness of fees, as well as soliciting the input of key management employees during its evaluation);<br>● reviews all of the Company's earnings press releases, Quarterly and Annual Reports on Form 10-Q and Form 10-K, respectively, prior to filing with the SEC, and such other applicable financial disclosure documents (as and if applicable); and <br>● is responsible for producing an annual report on its activities for inclusion in this proxy statement.<br>|
| &nbsp;&nbsp;<br>***Independence:*** All of the current members of the Audit Committee are "***independent***" under all applicable rules, including the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and the requirements of the SEC, and all members of the Audit Committee during the 2025 fiscal year were "***independent***" under such applicable rules. | &nbsp;&nbsp;<br>***Independence:*** All of the current members of the Audit Committee are "***independent***" under all applicable rules, including the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and the requirements of the SEC, and all members of the Audit Committee during the 2025 fiscal year were "***independent***" under such applicable rules. |

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&nbsp;&nbsp;***Risk Subcommittee:*** The Audit Committee has established the Risk Subcommittee under its purview that focuses on non-financial operational and department level risks. Wayne L. Jones serves as the initial chairperson of the Risk Subcommittee and all of the members of the Audit Committee are members of the Risk Subcommittee. The Risk Subcommittee receives risk updates from specific departments within the Company as a part of a rotational review of certain risks. Further, the Company's food safety, responsible alcohol service, vendor management, employee and guest safety, and California operations risk subcommittees (under its overall enterprise risk management program) provide annual risk updates to the Risk Subcommittee (under the purview of the Audit Committee) regarding the risk-based initiatives they are performing.<br>

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*Talent Management and Compensation Committee.*

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|:---|:---|
| &nbsp;&nbsp;**TALENT MANAGEMENT AND COMPENSATION COMMITTEE** | &nbsp;&nbsp;**TALENT MANAGEMENT AND COMPENSATION COMMITTEE** |
| &nbsp;&nbsp;***Committee Members (2025):***<br>Michael A. Crawford (Chair)<br>Gregory N. Moore<br>Kathleen M. Widmer<br>***Committee Members (2026):***<br>Michael A. Crawford (Chair)<br>Jane Grote Abell<br>Gregory N. Moore<br>Kathleen M. Widmer\*<br>***Number of Meetings in 2025:*** 5<br>\*Ms. Widmer served on the Compensation Committee through her retirement on February 11, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Committee Functions:***<br>As described in its charter, the Compensation Committee:<br>● assists the Board in fulfilling its responsibilities relating to the design, administration, and oversight of employee compensation programs and benefit plans of the Company's executive officers; <br>● assists the Board in discharging its duties relating to the compensation of the Company's executive officers and non-employee directors; <br>● reviews the performance of the Company's executive officers; <br>● reviews and discusses with management the "Compensation Discussion and Analysis" in this proxy statement and recommends its inclusion in this proxy statement to the Board, as well as performs the other duties and responsibilities described in its charter;<br>● provides oversight and guidance as to senior management succession planning; and <br>● provides oversight and guidance as to the Company's management of human capital matters.<br>|
| &nbsp;&nbsp;<br>***Independence:*** All of the current members of the Compensation Committee are "***independent***" under all applicable rules, including the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and the requirements of the SEC, and all members of the Compensation Committee during the 2025 fiscal year were "***independent***" under such applicable rules. | &nbsp;&nbsp;<br>***Independence:*** All of the current members of the Compensation Committee are "***independent***" under all applicable rules, including the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and the requirements of the SEC, and all members of the Compensation Committee during the 2025 fiscal year were "***independent***" under such applicable rules. |

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*Nominating and Corporate Governance Committee.*

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|:---|:---|
| &nbsp;&nbsp;**NOMINATING AND CORPORATE GOVERNANCE COMMITTEE** | &nbsp;&nbsp;**NOMINATING AND CORPORATE GOVERNANCE COMMITTEE** |
| &nbsp;&nbsp;***Committee Members (2025):***<br>Curtis A. Warfield (Chair)<br>Jane Grote Abell<br>Donna E. Epps<br>Wayne L. Jones<br>Kathleen M. Widmer<br>***Committee Members (2026):***<br>Curtis Warfield (Chair)<br>Donna E. Epps<br>Wayne L. Jones<br>Kathleen M. Widmer\*<br>***Number of Meetings in 2025:*** 5<br>\*Ms. Widmer served on the Compensation Committee through her retirement on February 11, 2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Committee Functions:***<br>As described in its charter, the Nominating Committee assists the Board in:<br>● identifying potential candidates for consideration in the event of vacancy on the Board and/or the Board determines that a new director is necessary and screen individuals qualified to become members of the Board consistent with the Nominating Committee's screening guidelines and criteria; <br>● if a vacancy on the Board occurs, making recommendations to the Board regarding the selection and approval of the candidate to fill such vacancy either by election by the Company's shareholders or appointment by the Board;<br>● reviewing the qualifications and independence of, approving the nominations of, and recommending to the Board those persons to be nominated for membership on the Board and presented for shareholder approval at the annual meeting;<br>● developing and recommending to the Board a set of corporate governance principles; <br>● overseeing the Company's corporate governance program including the recommendation of best practices for such program; and <br>● overseeing the Company's shareholder engagement program.<br>|
| &nbsp;&nbsp;<br>***Independence:*** All of the current members of the Nominating Committee are "***independent***" under all applicable rules, including the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and the requirements of the SEC, and all members of the Nominating Committee during the 2025 fiscal year were "***independent***" under such applicable rules. | &nbsp;&nbsp;<br>***Independence:*** All of the current members of the Nominating Committee are "***independent***" under all applicable rules, including the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and the requirements of the SEC, and all members of the Nominating Committee during the 2025 fiscal year were "***independent***" under such applicable rules. |

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*Self-Assessments; Other Public Boards*. The Nominating Committee annually conducts on the Board's behalf a confidential self-assessment. As a part of the annual self-assessment, each director provides, without limitation, an assessment on the effectiveness and functionality of the Board. Each director completes an assessment form and sends it to the chairperson of the Nominating Committee, who compiles the results and presents them to the Board. In connection with such self-assessment process and the preparation of the Company's D&O Questionnaires, the Nominating Committee, together with the Chairman of the Board, evaluate each director's upcoming professional responsibilities to determine the committees on which such non-employee directors will serve and to evaluate each director's ability to perform its duties as set forth in the Company's Corporate Governance Guidelines.

A similar process occurs in instances in which a director desires to serve on another public company board. Under our Corporate Governance Guidelines, a director is limited to the number of other public company boards, in addition to our Board, on which a director may serve to not more than four, except when the Board determines that specific circumstances exist to allow for the director to serve on the additional Board. Before accepting an invitation on another board, the director is required to advise the Chairman of the Board, the Vice Chairman of the Board, and the chairperson of the Nominating Committee and provide such information reasonably necessary to allow for the Board to determine whether accepting the position will adversely impact

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the director's ability to serve the Company considering all facts and circumstances, including the potential leadership roles the applicable director would serve with such additional public company, the various committee(s) that such director will serve, and the employment status of the director.

*Board Matrix.* The Nominating Committee routinely evaluates the size and composition of the Board and the variety of professional expertise represented by the Board members in relation to the Company's business. To assist in this process, the Nominating Committee has developed a board skills matrix that is used to identify certain interpersonal and professional skills and experience desirable for some and/or all of the directors on the Board. The interpersonal skills are personal attributes that each director should possess and include ethics and integrity, leadership skills, negotiation skills, and crisis management skills. The professional skills are an assessment of governance and industry-based skill areas which should be held collectively by the Board but not necessarily by each director and contain skills relating to (i) management and governance skills, (ii) financial, risk, and compliance skills, and (iii) sector and industry specific skills. As a part of its review of those persons to be nominated for membership on the Board at the Annual Meeting, the Nominating Committee takes a holistic view of the Board to strive to have a diverse Board in terms of core skills, industry experience, tenure and other diversity characteristics or experiences.

**Policy Regarding Consideration of Candidates for Director**

Shareholder recommendations for Board membership should include, at a minimum, the name of the candidate, age, contact information, present principal occupation or employment, qualifications and skills, background, last five years' employment and business experience, a description of current or previous service as director of any corporation or organization, other relevant biographical information, and the nominee's consent to service on the Board. Under the Company's bylaws, in order for a shareholder nominee to be eligible for election or reelection as a director of the Company, such shareholder nominee will be required to (i) complete and deliver a detailed questionnaire in the form that current non-employee directors and executive officers of the Company complete, and (ii) complete and deliver a signed written representation and agreement in the form that current non-employee directors and executive officers of the Company have completed providing that such proposed nominee (A) is not and will not become a party to (i) any transaction, agreement, arrangement or understanding with, and has not given any commitment or assurance to, any person or entity as to how such proposed nominee, if elected as a director, will act or vote on any issue or question (a "***Voting Commitment***") that has not been disclosed to the Company, or (ii) any Voting Commitment that could limit or interfere with such proposed nominee's ability to comply, if elected as a director, with such proposed nominee's fiduciary duties under applicable law, (B) is not, and will not become a party to, any transaction, agreement, arrangement or understanding with any person or entity other than the Company with respect to any direct or indirect compensation, payment, reimbursement or indemnification in connection with service or action as a director that has not been disclosed to the Company, (C) in such proposed nominee's individual capacity, would be in compliance, if elected as a director, and will comply with applicable law (including applicable fiduciary duties under state law), stock exchange listing standards and publicly disclosed corporate governance, ethics, conflict of interest, confidentiality and stock ownership and trading policies and guidelines of the Company, and any other Company policies and guidelines applicable to directors, (D) intends to serve a full term if elected as a director, and (E) will provide facts, statements and other information in all communications with the Company and its stockholders that are or will be true and correct in all material respects, and that do not and will not omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading.

The Nominating Committee may consider such other factors as it may deem are in the best interest of the Company and its shareholders. The Board has adopted Corporate Governance Guidelines which provide that, if and when the Board determines that it is necessary or desirable to add or replace a director, the Nominating Committee will seek diverse candidates, taking into account diversity in all respects (including gender, race, age, board service, background, education, skill set, and financial acumen, along with knowledge and experience in areas that are relevant to the Company's business), when evaluating potential nominees. The manner in which the Nominating Committee evaluates a potential nominee will not differ based on whether the nominee is recommended by a shareholder of the Company.

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The Company currently retains a corporate recruiter to assist in identifying candidates for open positions at the Company. Upon request, this recruiter also assists in identifying and evaluating director candidates. While the Company does not routinely pay an additional fee for this service, based on the recent additions to our Board described below, we have paid certain amounts to a corporate recruiter for their assistance in 2026.

On August 14, 2025, Hugh J. Carroll was appointed to the Board as an executive director. In connection with the appointment, the Board desired to add a Board member with extensive experience and knowledge in international restaurant operations and franchising. Mr. Carroll was appointed as a director because of his role as President of International of the Company, his executive experience, his international experience, and his in-depth knowledge of the restaurant industry and the Company. Mr. Carroll retired from his management role at the Company at the beginning of January 2026 and is currently serving on the Board as a non-independent non-employee director.

Additionally, on February 11, 2026, Ms. Widmer notified the Board of her decision to retire from the Board, effective as of February 11, 2026, in order to focus on the launch of her new business venture. The Company thanks Ms. Widmer for her nearly 13 years of service on the Board and the tremendous value that she has brought to the Company during her tenure.

Finally, on March 5, 2026, the Nominating Committee recommended to the Board that the number of directors be increased by one and that Ms. Ingram be appointed to the Board as an independent director; the Board approved this recommendation. In connection with the appointment, the Board desired to add a Board member with executive experience who has extensive knowledge of the restaurant industry and a marketing background. Ms. Ingram had previously been referred to the Nominating Committee by our corporate recruiter as a part of the nationwide search to add a new Board member in February 2024. At that time, Ms. Ingram met extensively with management of the Company and our existing members of the Board. Since February 2024, members of the Board had been in consistent communication and contact with Ms. Ingram about potentially becoming a member of the Board in the future. Ms. Ingram was nominated as an independent director because of her executive and board experience as well as her extensive knowledge of the restaurant industry and marketing background.

**Compensation of Directors**

As further discussed in the "Compensation Discussion and Analysis," in 2024, the Compensation Committee engaged FW Cook as an independent compensation consultant to advise the Compensation Committee on non-employee director compensation beginning with the 2025 calendar year. As a part of their review, FW Cook reviewed the non-employee director compensation of the peer companies described in this proxy statement as well as utilized their industry knowledge for companies in-between mid-cap and large-cap sizes. Based on the Compensation Committee's review of FW Cook's report and recommendations and as a part of establishing non-employee director compensation for each non-employee director's 2025 calendar year service, the Compensation Committee (A) increased certain portions of the cash components for the non-employee director compensation to further align with its peer companies and industry practices for companies between mid-cap and large-cap companies; and (B) reduced a portion of the equity component for non-employee director compensation so that the total compensation for each non-employee director is not as heavily weighted on equity. The Compensation Committee applied the same rationale when establishing the non-employee director compensation for each non-employee director's 2026 calendar year service.

Similar to our compensation philosophy for our executive officers, we believe that issuing service based restricted stock units to our non-employee directors aligns their interests with those of our shareholders. Specifically, since the bulk of each non-employee director's compensation lies in the value of the service based restricted stock units granted, the non-employee directors are motivated to continually improve the Company's performance in the hope that the performance will be reflected by the stock price on the vesting date of their service based restricted stock units. Moreover, we believe that the service based restricted stock unit awards drive director alignment with maximizing shareholder value because the value of the service based restricted stock units varies in response to investor sentiment regarding overall Company performance at the time of vesting.

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As described more fully below, the following table summarizes the total compensation earned for the 2025 calendar year for each of the non-employee directors.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **2025 Director Compensation Table** | **2025 Director Compensation Table** | **2025 Director Compensation Table** | **2025 Director Compensation Table** | **2025 Director Compensation Table** | **2025 Director Compensation Table** |
|  |  |  | **Grant Date**  |  |  |
|  | **Fees Earned** |  | **Fair Value of** |  |  |
|  | **or Paid in** |  | **Stock Awards** |  |  |
| &nbsp;&nbsp;**Name** | **Cash ($)** |  | **($)(1)** |  | **Total ($)** |
| &nbsp;&nbsp;Jane Grote Abell | 67500 |  | 217524 |  | 285024 |
| &nbsp;&nbsp;Michael A. Crawford | 80000 | (2) | 217524 |  | 297524 |
| &nbsp;&nbsp;Donna E. Epps | 92500 | (3) | 217524 |  | 310024 |
| &nbsp;&nbsp;Wayne L. Jones | 67500 |  | 217524 |  | 285024 |
| &nbsp;&nbsp;Gregory N. Moore | 142500 | (4) | 308159 |  | 450659 |
| &nbsp;&nbsp;Curtis A. Warfield | 80000 | (5) | 217524 |  | 297524 |
| &nbsp;&nbsp;Kathleen M. Widmer | 65000 |  | 217524 |  | 282524 |
| &nbsp;&nbsp;James R. Zarley | 16875 | (6) | 217524 | (7) | 234399 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Compensation Committee agreed that with respect to (i) the Chairman of the Board's 2025 calendar year service, he received an annual grant of service based restricted stock units equal to $315,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares; and (ii) for each remaining non-employee director's 2025 year service, each received an annual grant of service based restricted stock units equal to $225,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares. Except as described in footnote (7), all service based restricted stock units described in this paragraph were granted on January 8, 2025 and vested on January 8, 2026 in accordance with the terms of a previously approved restricted stock unit agreement.

For the service based restricted stock units described in footnote (1), fair value is equal to the closing price of the Company's common stock on the trading day immediately preceding the date of the grant, which was $181.27 for the grants to the non-employee directors. Using the formula described in the immediately foregoing paragraph of footnote (1), Mr. Moore, as Chairman of the Board, was granted 1,700 service based restricted stock units for his 2025 calendar year service, and each remaining non-employee director was granted 1,200 service based restricted stock units for their respective 2025 calendar year service. The amounts listed above represent the grant date fair value determined in accordance with U.S. generally accepted accounting principles ("***U.S. GAAP***") of restricted stock units granted under the Company's 2021 Long-Term Incentive Plan. Detailed information under U.S. GAAP is set forth in Note 14 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025. No other equity awards were granted to the non-employee directors during the period of time covered by this table. The Company cautions that the amounts reported in the Director Compensation Table for these awards may not represent the amounts that the non-employee directors will actually realize from the awards. Whether, and to what extent, a non-employee director realizes value on these awards will depend on a number of factors, including the Company's actual operating performance, stock price fluctuations, and the non-employee director's continued service on the Board.

Additionally, the total compensation for any non-employee director may not exceed $500,000, which amount shall be calculated by adding (i) the total cash compensation to be paid for services rendered by a non-employee director in any given fiscal year to (ii) the grant date value of any equity granted to such non-employee director in that fiscal year. This cap on Board total compensation is included in the Company's 2021 Long-Term Incentive Plan.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) This amount includes the $12,500 annual fee for serving as the chairperson of the Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) This amount includes the $25,000 annual fee for serving as the chairperson of the Audit Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) This amount includes the $75,000 annual fee for serving as the Chairman of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) This amount includes the $12,500 annual fee for serving as the chairperson of the Nominating Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) This amount reflects the prorated amount of Mr. Zarley's annual base fee for his partial 2025 calendar service on the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) As described above, Mr. Zarley did not stand for re-election at the 2025 annual shareholder meeting. Upon his retirement from the Board, Mr. Zarley forfeited his right to receive the 1,200 service based restricted stock units relating to his 2025 calendar year service that would have vested on January 8, 2026.

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The Compensation Committee established that all non-employee directors would receive the amounts set forth below for cash and stock compensation relating to their 2025 calendar year service:

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| | |
|:---|:---|
| **2025 Director Compensation**  | **2025 Director Compensation**  |
| **Cash Compensation** | **Cash Compensation** |
| Non-Employee Director Base Fee | $45000  |
| Chairman of the Board | $75000  |
| Chair of Audit Committee | $25000  |
| Chair of Compensation Committee | $12500  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chair of Nominating Committee | $12500  |
| Member of Audit Committee | $12500  |
| Member of Compensation Committee | $10000  |
| &nbsp;&nbsp;&nbsp;&nbsp;Member of Nominating Committee | $10000  |
| Meeting Attendance | N/A |
| **Stock Compensation** | **Stock Compensation** |
| Chairman of the Board | Annual grant of service based restricted stock units equal to $315,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares, which was $181.27. These restricted stock units were granted on January 8, 2025 and vested on January 8, 2026. Based on the foregoing, the Chairman of the Board received 1,700 service based restricted stock units for his 2025 calendar year service. |
| Non-Employee Director | Annual grant of service based restricted stock units equal to $225,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares, which was $181.27. These restricted stock units were granted on January 8, 2025 and vested on January 8, 2026. Based on the foregoing, each remaining non-employee director received 1,200 service based restricted stock units for their respective 2025 calendar year service. |

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The Compensation Committee established that all non-employee directors will receive the amounts set forth below for cash and stock compensation relating to their 2026 calendar year service:

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| | |
|:---|:---|
| **2026 Director Compensation**  | **2026 Director Compensation**  |
| **Cash Compensation** | **Cash Compensation** |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Employee Director Base Fee | $50000  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chairman of the Board | $75000  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chair of Audit Committee | $25000  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chair of Compensation Committee | $12500  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chair of Nominating Committee | $12500  |
| Member of Audit Committee | $12500  |
| Member of Compensation Committee | $10000  |
| &nbsp;&nbsp;&nbsp;&nbsp;Member of Nominating Committee | $10000  |
| Meeting Attendance | N/A |
| **Stock Compensation** | **Stock Compensation** |
| Chairman of the Board | Annual grant of service based restricted stock units equal to $315,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares, which was $180.79. These restricted stock units were granted on January 8, 2026 and will vest on January 8, 2027. Based on the foregoing, the Chairman of the Board received 1,700 service based restricted stock units for his 2026 calendar year service. |
| Non-Employee Director | Annual grant of service based restricted stock units equal to $225,000 divided by the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares, which was $180.79. These restricted stock units were granted on January 8, 2026 and will vest on January 8, 2027. Based on the foregoing, each remaining non-employee director received 1,200 service based restricted stock units for their respective 2026 calendar year service. |

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A description of the compensation relating to Mr. Morgan's 2025 fiscal year service is set forth in the Summary Compensation Table, and the compensation for Mr. Carroll for his 2025 fiscal year is set forth in the Related Party Transaction section. Additionally, in connection with Ms. Ingram's appointment to the Board, on March 5, 2026, she was granted 1,000 service based restricted stock units, which represents the prorated amount of service based restricted stock units granted to the other non-employee directors as described above. The fair value is equal to the closing price of the Company's common stock on the trading day immediately preceding the grant, which was $178.70 for the grant to Ms. Ingram. These service based restricted stock units will vest on January 8, 2027.

**Code of Conduct and Related Corporate Governance Policies**

*Code of Conduct.* The Board has approved and adopted a Code of Conduct that applies to all directors, officers and employees, including the Company's principal executive officer and the principal financial officer. We are committed to Passion, Partnership, Integrity and Fun…All with Purpose! The Code of Conduct is our guide as we apply these core values in our treatment of our fellow employees and how we run our business. Our Code of Conduct also encompasses our principles and practices relating to the ethical conduct of the Company's business and commitment to complying with all laws affecting the Company's business.

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We take all reported concerns or possible violations of our Code of Conduct seriously and will promptly and thoroughly investigate each reported concern as confidentially as possible. The Code of Conduct establishes three separate ways in which any person may submit confidential and anonymous reports of suspected or actual violations of the Code of Conduct. If an individual files a report, then the concerns will be directed to the appropriate personnel for investigation. We do not retaliate against any person who raises questions, reports concerns, or who participates in an investigation related to the Code of Conduct.

The Code of Conduct is available in its entirety on the Company's website at *www.texasroadhouse.com*. The Company will post on its website any amendments to, or waivers from, its Code of Conduct, if any, that apply to the principal executive officer, the principal financial officer, principal accounting officer or controller, or persons performing similar functions.

*Vendor Expectations.* In addition to the Company's Code of Conduct, the Company has established vendor expectations setting forth our expectations regarding our relationship with our vendors, including the manner in which our vendors conduct their business, the manner in which they treat their employees, and our expectation that our vendors will comply with all applicable laws and regulations relating to their business operations including those laws prohibiting the use of forced labor or the facilitation of slavery and human trafficking. Our vendor expectations are available in their entirety on the Company's website at *www.texasroadhouse.com*.

*Corporate Governance Guidelines.* The Board believes that good corporate governance is critical to the Company's objectives of delivering long-term value to its shareholders. In furtherance of this belief, the Board has adopted its Corporate Governance Guidelines – which set forth flexible guidelines for the framework of the Board's key corporate governance practices and policies. The Nominating Committee oversees these governance issues, and pursuant to its charter, is responsible for at least annually reviewing the Corporate Governance Guidelines and to make recommendations to the Board for future changes and modifications. The Nominating Committee continually evaluates our corporate governance practices through the ongoing monitoring of emerging best practices and annual benchmarking and review of our corporate governance practices.

Our Corporate Governance Guidelines cover, without limitation, the following topics:

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| | |
|:---|:---|
| &nbsp;&nbsp;<br>● The Board's Role in Strategy and Risk Oversight<br>| &nbsp;&nbsp;<br>● The Board's Role in Overseeing Company's Corporate Sustainability Initiatives <br>|
| &nbsp;&nbsp;<br>● Board Size<br>| &nbsp;&nbsp;<br>● Director Qualifications<br>|
| &nbsp;&nbsp;<br>● Age Limit Policy<br>| &nbsp;&nbsp;<br>● Director Independence <br>|
| &nbsp;&nbsp;<br>● Director Responsibilities <br>| &nbsp;&nbsp;<br>● Board Orientation and Continued Education<br>|
| &nbsp;&nbsp;<br>● Role of Lead Director<br>| &nbsp;&nbsp;<br>● Board Diversity<br>|
| &nbsp;&nbsp;<br>● Confidentiality Obligations<br>| &nbsp;&nbsp;<br>● Board Self-Assessment Process<br>|
| &nbsp;&nbsp;<br>● Board's Access to Management and Independent Advisors<br>| &nbsp;&nbsp;<br>● Notification Obligation of Significant Change in Personal or Professional Circumstances<br>|
| &nbsp;&nbsp;<br>● Other Public Company Directorships<br>| &nbsp;&nbsp;<br>● Stock Ownership Guidelines<br>|
| &nbsp;&nbsp;<br>● Board's Role in Overseeing Succession and Organizational Planning for Senior Management<br>| &nbsp;&nbsp;<br>● Review of Director / Executive Compensation<br>|

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The most current version of our Corporate Governance Guidelines, as well as the other corporate governance documents listed below, are available on our website at *www.texasroadhouse.com* in the Investors Section:

● Amended and Restated Bylaws for Texas Roadhouse, Inc.;

● Restated Certificate of Incorporation for Texas Roadhouse, Inc.;

● Code of Conduct and Code of Conduct Changes-At-A-Glance (English and Spanish versions);

● Committee Charters (Finance and Audit Committee, Talent Management and Compensation Committee, and Nominating and Corporate Governance Committee);

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● Anti-Bribery and Corruption Policy; and

● Policy Relating to Approval of Audit and Non-Audit Services.

Throughout this proxy statement, we may refer to various documents that are available on our website. The contents posted on, or accessible through, our website are not incorporated by reference into this proxy statement or any of our filings with the SEC and may be revised by us (in whole or in part) at any time and from time to time.

*Stock Trading Policy.* The Company has adopted the Texas Roadhouse, Inc. Stock Trading Policy that applies to our employees, agents, members of the Board and their respective immediate family members in order to reduce the risk that such individuals might be found in violation of federal and state securities laws. In addition, with regard to the Company's trading in its own securities, it is the Company's policy to comply with the federal securities laws and the applicable exchange listing requirements.

Under the Stock Trading Policy, individuals covered by the policy are:

● Expressly prohibited from trading in securities of the Company and/or any of its vendors if the person is in possession of material, non-public information;

● Expressly prohibited from communicating material non-public information to others who trade on the basis of such information; and

● Required to comply with certain pre-clearance and blackout procedures as further described in the policy.

The Stock Trading Policy also describes our prohibition on speculative trading (as further described in the Compensation Discussion and Analysis section described below), the possible consequences for violating the policy and securities laws, and the manner in which covered persons may enter into 10b5-1 plans.

The Company believes these policies and procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations and applicable listing standards.

**Stock Ownership Guidelines**

Our Board has adopted stock ownership guidelines to further align the financial interests of the Company's executive officers and non-employee directors with the interests of our shareholders. The table below outlines the Company's stock ownership guidelines adopted by the Board:

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| | |
|:---|:---|
| **STOCK OWNERSHIP GUIDELINES** | **STOCK OWNERSHIP GUIDELINES** |
| **Position** | **Minimum Stock Ownership** |
| Chief Executive Officer | 5x Annual Base Salary |
| President | 4x Annual Base Salary |
| All Other Named Executive Officers | 3x Annual Base Salary |
| Director | Greater of (A) 5x Annual Cash Compensation or (B) $500,000 |

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The executive officers and non-employee directors are expected to achieve the stock ownership levels under these guidelines within five years of assuming their respective positions. The Nominating Committee evaluates compliance with these stock ownership guidelines at the end of each fiscal year and it will be calculated based on the Company's closing stock price on the last trading day of the applicable fiscal year. All executive officers and non-employee directors who have been in their role for at least five years were in compliance with these stock ownership guidelines at the end of the 2025 fiscal year.

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**Succession Planning**

The Board and the Company recognize the importance of continuity of leadership to ensure a smooth transition for its employees, guests, and shareholders. In furtherance of the foregoing and as described in its charter, the Compensation Committee is responsible for periodically reporting to the Board the status of succession planning for senior management, including guidance regarding succession in the event of an emergency or retirement, and the evaluation of potential successors to the executive officers and other key members of senior management. As a part of this process, both the Board and the Compensation Committee meet with certain members of management to review the top and emerging talent internally, their level of readiness, and development needs.

**Mandatory Retirement Age for Board Service**

The Board and the Nominating Committee have established a mandatory retirement age for the non-employee directors on the Board. In furtherance of the foregoing, in no event shall any non-employee be elected, re-elected, and/or appointed to the Board if such non-employee is 75 years or older at the time of such election, re-election, and/or appointment; provided, however, any director who began serving on the Board prior to 2006 shall be permitted to be re-elected to the Board so long as they are not 80 years or older at the time of such re-election.

In furtherance of this policy, Mr. Zarley did not stand for re-election at the 2025 annual shareholder meeting. At the time of his retirement from the Board, Mr. Zarley was our longest tenured member of the Board, being appointed to the Board in 2004 as a part of the Company's initial public offering. During his time on the Board, he served on each of the three committees of the Board and has provided both formal and informal mentorship and leadership.

**Shareholder Engagement**

Shareholder engagement is an important component of our overall approach to corporate governance. It provides us the opportunity to update investors on our business as well as to solicit and receive feedback from them. Our Investor Relations team serves as our primary point of contact with investors, potential investors, and investment analysts. Additionally, throughout the year, members of our executive team, Board, and restaurant-level operators may participate in the investor dialogue.

Our interaction with the investment community occurs in a number of ways, including one-on-one and group phone calls, analyst-sponsored conferences, our annual shareholder meetings, and our quarterly earnings calls. Topics discussed vary but typically include corporate strategy, financial results and outlook, new restaurant development, commodity and labor inflation, capital allocation, and various governance, human capital, and corporate sustainability matters. The Nominating Committee has oversight responsibility relating to the Company's shareholder engagement program. As a part of this oversight responsibility, the Company's investor relations function provides an update to the Nominating Committee on an annual basis on the Company's investor relations strategy. Investor feedback and sentiment is shared with senior management and members of the Nominating Committee on a regular basis.

During 2025, management of the Company interacted with shareholders owning over 65% of the outstanding shares of the Company as of the end of fiscal year 2025. These interactions ranged from one-on-one phone/video calls, face-to-face meetings at investor conferences, video calls during virtual non-deal roadshows, participants listening to virtual fireside chats between members of management and sell-side analysts, and conversations with stewardship teams regarding corporate governance.

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**Board Orientation and Continuing Education**

The Board believes that a thorough understanding of the Company's business is required to enable a director to make a substantial contribution to the Board. As such, all new directors will participate in an orientation program within a reasonable period of time following such director's initial appointment or election to the Board. The Nominating Committee is responsible for overseeing the Board's orientation program, which may consist of meetings with senior management of the Company designed to familiarize each new director with the Company's strategic plans, financial planning and key policies and procedures, as well as training within the Company's restaurant facilities. Additionally, the Company, from time to time, may provide the Board with internal training programs or presentations from internal or outside third-party experts on topics that will assist the directors in carrying out their Board responsibilities. Finally, the directors are encouraged to participate in continuing education and other programs provided by outside sources and to share any applicable learnings from such programs with the other directors on the Board. As a part of the Board's continued education, the directors on the Board annually complete the compliance trainings that are similar to those provided to certain employees. Further, the Company annually budgets a certain amount of funding to reimburse directors for related costs to attend such programs and to pay membership dues to a national association for corporate directors.

**Director Independence**

The Board currently consists of nine directors – seven of whom are independent, as that term is defined in the listing standards under Nasdaq Marketplace Rule 5605(a)(2) and meet the criteria for independence under the Sarbanes Oxley Act of 2002 and the rules adopted by the Securities and Exchange Commission. The Nominating Committee evaluates the relationships of each director and director nominee and makes a recommendation to the Board as to whether to make an affirmative determination that such director or director nominee is independent. In connection with such review, the Nominating Committee evaluates the relevant transactions or relationships between each director, or any of his or her family members, and the Company, its senior management and its independent auditors. In connection with determining the directors to stand for re-election at the Annual Meeting (as more particularly described in Proposal 1) and upon recommendation of the Nominating Committee, the Board has affirmatively determined that Messrs. Moore, Crawford, Jones, and Warfield and Mss. Abell, Epps, and Ingram are independent under the applicable criteria for service on the Board and the various Board committees upon which each serves (as and if applicable). The Nominating Committee determined that Mr. Morgan is not independent due to his service as the Company's principal executive officer, and Mr. Carroll is not independent due to his recent employment with the Company as the President of International.

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**STOCK OWNERSHIP INFORMATION**

The following table sets forth as of March 20, 2026 certain information with respect to the beneficial ownership of the Company's common stock of (i) each executive officer named in the Summary Compensation Table (the "***Named Executive Officers***"), (ii) each non-employee director or nominee for director of the Company, (iii) all directors and current executive officers as a group, and (iv) each shareholder known by the Company to be the owner of 5% or more of the Company's common stock.

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| | | |
|:---|:---|:---|
| **STOCK OWNERSHIP INFORMATION** | **STOCK OWNERSHIP INFORMATION** | **STOCK OWNERSHIP INFORMATION** |
|  | **Common Stock (1)** | **Common Stock (1)** |
| &nbsp;&nbsp;**Name** | **Common**<br>**Stock**<br>**Ownership** | <br>**Percent** |
| &nbsp;&nbsp;**Directors, Nominees and Named Executive Officers:** |  |  |
| &nbsp;&nbsp;Jane Grote Abell | 2500 | \* |
| &nbsp;&nbsp;Hugh J. Carroll | 866 | \* |
| &nbsp;&nbsp;Michael A. Crawford | 11900 | \* |
| &nbsp;&nbsp;Christopher C. Colson | 14999 | \* |
| &nbsp;&nbsp;Travis C. Doster | 36632 | \* |
| &nbsp;&nbsp;Donna E. Epps | 4892 | \* |
| &nbsp;&nbsp;Keith V. Humpich (2) | 19659 | \* |
| &nbsp;&nbsp;Elizabeth K. Ingram |  | \* |
| &nbsp;&nbsp;Wayne L. Jones | 2925 | \* |
| &nbsp;&nbsp;Michael S. Lenihan |  | \* |
| L. Paul Marshall | 11326 | \* |
| D. Christopher Monroe (3) |  | \* |
| &nbsp;&nbsp;Gregory N. Moore | 32150 | \* |
| &nbsp;&nbsp;Gerald L. Morgan | 95970 | \* |
| &nbsp;&nbsp;Hernan E. Mujica | 15552 | \* |
| &nbsp;&nbsp;Regina A. Tobin | 13778 | \* |
| &nbsp;&nbsp;Curtis A. Warfield | 8001 | \* |
| &nbsp;&nbsp;Kathleen M. Widmer | 20200 | \* |
| &nbsp;&nbsp;**Directors and All Executive Officers as a Group (19 Persons)** | 291350 | 0.5% |
| &nbsp;&nbsp;**Other 5% Beneficial Owners\*\*** |  |  |
| &nbsp;&nbsp;The Vanguard Group (4) |  | 9.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;100 Vanguard Boulevard |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Malvern, Pennsylvania 19355 |  |  |
| &nbsp;&nbsp;BlackRock, Inc. (5) |  | 9.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;55 East 52nd Street |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New York, New York 10022 |  |  |

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\* Represents beneficial ownership of less than 1.0% of the outstanding shares of class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Based upon information furnished to the Company by the named persons and information contained in filings with the SEC. Under the rules of the SEC, a person is deemed to beneficially own shares over which the person has or shares voting or investment power or has the right to acquire beneficial ownership within 60 days, and such shares are deemed to be outstanding for the purpose of computing the percentage beneficially owned by such person or group. However, we do not consider shares of which beneficial ownership can be acquired within 60 days to be outstanding when we calculate the percentage ownership of any other person. As of March 20, 2026, no director or executive officer has the right to acquire any beneficial ownership within 60 days. "  ***Common Stock Ownership***" includes (a) stock held in joint tenancy, (b) stock owned as tenants in common, (c) stock owned or held by spouse or other members of the reporting person's household, and (d) stock in which the reporting person either has or shares voting and/or investment power, even though the reporting person disclaims any beneficial interest in such stock.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Mr. Humpich previously served as interim Chief Financial Officer of the Company from June 9, 2025 following Mr. Monroe's separation from the Company as Chief Financial Officer and continuing until Mr. Lenihan's appointment to Chief Financial Officer effective as of December 3, 2025. Following Mr. Lenihan's appointment, Mr. Humpich was appointed to Chief Accounting and Financial Services Officer of the Company and remained as the principal accounting officer of the Company. For the purposes of this proxy statement, Mr. Humpich is deemed a Named Executive Officer due solely to his former role as the interim Chief Financial Officer of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Mr. Monroe separated from the Company as Chief Financial Officer of the Company effective as of June 9, 2025. The stock ownership information listed above was provided to the Company by Mr. Monroe. For the purposes of this proxy statement, Mr. Monroe is deemed a Named Executive Officer due solely to his former role as the Chief Financial Officer of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) As reported on the Schedule 13G/A filed by The Vanguard Group with the SEC on February 13, 2024, it has shared voting power with respect to 28,917 shares, sole dispositive power with respect to 6,330,746 shares, and shared dispositive power with respect to 91,891 shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) As reported on the Schedule 13G/A filed by Blackrock, Inc. with the SEC on April 17, 2025, it has sole voting power with respect to 6,054,926 shares and sole dispositive power with respect to 6,202,347 shares.

**Delinquent Section 16(a) Reports**

Section 16(a) of the Exchange Act requires the Company's directors and executive officers, and persons who beneficially own more than 10% of a registered class of the Company's equity securities, to file with the SEC initial reports of stock ownership and reports of changes in stock ownership and to provide the Company with copies of all such filed forms. Based solely on its review of such copies or written representations from reporting persons, the Company believes that all reports were filed on a timely basis during the fiscal year ended December 30, 2025 with the exception of a Form 4 for Mr. Humpich that was filed on May 23, 2025 relating to a gift of 400 shares that occurred on February 26, 2025.

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**EXECUTIVE COMPENSATION**

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| |
|:---|
| &nbsp;&nbsp;**2025 Financial Highlights** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>The following is an executive summary of our financial highlights from the 2025 fiscal year:<br>*Topline Revenue; Store Unit Growth (1)*<br>● Nearly **$5.9 billion** in total revenue, an increase of **9.4%** over the prior year<br>● Comparable restaurant sales growth of **4.9%** with average weekly sales at **$161,918** of which **$21,973** were from to-go sales<br>● Opened **32** new systemwide locations including **28** company restaurants and **four** franchise restaurants<br>*Key Financial Metrics (1)*<br>● Diluted earnings per share decrease of **5.8%**<br>● Net income decrease of **6.5%**<br>● Income from operations decrease of **8.1%**<br>● Store week growth of **5.0%**<br>*Acquisition Growth*<br>● Acquired **20** domestic franchise restaurants during our 2025 fiscal year and an additional five domestic franchise restaurants on the first day of our 2026 fiscal year<br>*Return to Shareholders*<br>● Paid dividends of **$180.3 million**, or **$2.72** per share, an increase of **11.5%** over the prior year<br>● Repurchased **869,007** outstanding shares of our common stock for **$150.0 million**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(1) Revenue and all financial metrics include the impact of lapping a 53*<sup>rd</sup> *week in our 2024 fiscal year*<br>|

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**Compensation Discussion and Analysis**

**Bubba Who: Our Currently Serving Named Executive Officers**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Gerald L. Morgan** | &nbsp;&nbsp;**Chief Executive Officer** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 29  | &nbsp;&nbsp;<br>Mr. Morgan is Chief Executive Officer and Executive Vice Chairman of the Company. Mr. Morgan was appointed Chief Executive Officer in March 2021 and subsequently appointed Executive Vice Chairman of the Company in August 2025 while remaining as Chief Executive Officer. Mr. Morgan joined the Company in 1997, during which time he has held the positions of Managing Partner, Market Partner, and Regional Market Partner. Mr. Morgan also previously served as President from December 2020 until Ms. Tobin's appointment to President in January 2023. Mr. Morgan has 40 years of restaurant management experience with Texas Roadhouse, Bennigan's Restaurants, and Burger King. |
| &nbsp;&nbsp;<br>**Age:** 65 <br>**Restaurant Industry Experience:** 40<br>| &nbsp;&nbsp;<br>Mr. Morgan is Chief Executive Officer and Executive Vice Chairman of the Company. Mr. Morgan was appointed Chief Executive Officer in March 2021 and subsequently appointed Executive Vice Chairman of the Company in August 2025 while remaining as Chief Executive Officer. Mr. Morgan joined the Company in 1997, during which time he has held the positions of Managing Partner, Market Partner, and Regional Market Partner. Mr. Morgan also previously served as President from December 2020 until Ms. Tobin's appointment to President in January 2023. Mr. Morgan has 40 years of restaurant management experience with Texas Roadhouse, Bennigan's Restaurants, and Burger King. |

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| | |
|:---|:---|
| &nbsp;&nbsp;**REgina A. Tobin** | &nbsp;&nbsp;**President** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 30 <br>**Age:** 62 <br>**Restaurant Industry Experience:** 40<br>| &nbsp;&nbsp;<br>Ms. Tobin is President of the Company, having been appointed to this position in January 2023. Ms. Tobin previously served as the Company's Chief Learning and Culture Officer, a position she held from June 2021 through her appointment to President. Ms. Tobin joined the Company in 1996, during which time she has held the positions of Managing Partner at our first prototype store in Louisville, KY, Market Partner in Southwest Florida, and Vice President of Training. Before joining Texas Roadhouse, Ms. Tobin was a multi-unit operator with Chi-Chi's. Ms. Tobin has 40 years of restaurant industry experience.<br>|

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|:---|:---|
| &nbsp;&nbsp;**MICHAEL S. LENIHAN** | &nbsp;&nbsp;**CHIEF FINANCIAL OFFICER** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 1 <br>**Age:** 53<br>**Finance Experience:** 29<br>| &nbsp;&nbsp;<br>Mr. Lenihan is Chief Financial Officer of the Company, having been appointed to this position in December 2025. In this role, Mr. Lenihan is responsible for overseeing the Company's accounting, SEC reporting, investor relations, tax, treasury, internal audit, and financial analysis functions, as well as serving as the Company's principal financial officer. Mr. Lenihan previously served as the Chief Financial Officer and Chief U.S. Development Officer for CKE Restaurants Holdings, Inc. from September 2023 to October 2025, where he led finance and U.S. development of the Hardee's and Carl's Jr. brands. Prior to joining CKE Restaurants, Mr. Lenihan was with Yum! Brands from 2003 through 2023 where he served in various positions for Yum! corporate and the Pizza Hut and KFC brands. Mr. Lenihan has nearly 30 years of finance experience.<br>|

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|:---|:---|
| &nbsp;&nbsp;**Christopher c. colson** | &nbsp;&nbsp;**CHIEF BUSINESS AND ADMINISTRATIVE OFFICER;**<br>**CORPORATE SECRETARY** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 20 <br>**Age:** 49 <br>**Restaurant Industry Experience:** 26<br>| &nbsp;&nbsp;<br>Mr. Colson is Chief Business and Administrative Officer and Corporate Secretary of the Company, having been appointed to Chief Business and Administrative Officer in August 2025 and Corporate Secretary in August 2019. Mr. Colson previously served as the Company's Chief Legal and Administrative Officer, a position he held from January 2023 through his appointment to Chief Business and Administrative Officer, and as General Counsel, a position he held from March 2021 until January 2023. Mr. Colson joined the Company in 2005, during which time he has held the positions of Senior Counsel, Associate General Counsel, and Executive Director of the Global Development Group. Mr. Colson has more than 25 years of restaurant industry experience with Texas Roadhouse, Frost Brown Todd (serving as outside counsel to the Company), YUM! Brands, and as assurance staff at KPMG.<br>|

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|:---|:---|
| &nbsp;&nbsp;**HERNAN E. MUJICA** | &nbsp;&nbsp;**CHIEF TECHNOLOGY OFFICER** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 14 <br>**Age:** 64 <br>**Restaurant Industry Experience:** 14<br>| &nbsp;&nbsp;<br>Mr. Mujica is Chief Technology Officer of the Company, having been appointed to this position in January 2023. Mr. Mujica had been previously designated Chief Information Officer, an executive officer position that he held from June 2021 through his appointment to Chief Technology Officer. Mr. Mujica joined the Company in January 2012 as Vice President of Information Technology and was subsequently promoted to Chief Information Officer. Prior to joining the Company, Mr. Mujica held senior management positions at The Home Depot and Arthur Andersen. Mr. Mujica has over 30 years of experience in both restaurant industry and consulting roles.<br>|

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|:---|:---|
| &nbsp;&nbsp;**TRAVIS C. DOSTER** | &nbsp;&nbsp;**CHIEF COMMUNICATIONS OFFICER** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 20 <br>**Age:** 59<br>**Communications Experience:** 30 | &nbsp;&nbsp;<br>Mr. Doster is Chief Communications Officer of the Company, having been appointed to this position in November 2023. In this role, he is responsible for leading the Company's communications, marketing, events, public affairs, government relations and corporate sustainability functions. Mr. Doster joined the Company in 2006, as the Director, then Senior Director, of Communications where he served until his promotion to Vice President of Communications in 2018. Prior to joining the Company, Mr. Doster was a Vice President at FSA Public Relations, where he provided a number of services, including public relations, crisis management and issues management, for national clients, including, Jimmy John's Gourmet Sandwich Shops, Qdoba Mexican Grill, and Cameron Mitchell Restaurants. Mr. Doster has over 30 years of media, public relations, and restaurant industry experience.<br>|

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|:---|:---|
| &nbsp;&nbsp;**L. PAUL MARSHALL** | &nbsp;&nbsp;**CHIEF GROWTH OFFICER** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 29  | &nbsp;&nbsp;<br>Mr. Marshall is Chief Growth Officer of the Company, having been appointed to this position in August 2025. In this role, he leads the Bubba's 33 concept while also supporting the oversight of the construction, design, real estate, development, and facilities functions across all concepts. Mr. Marshall joined Texas Roadhouse in 1997 as the Managing Partner in Killeen, Texas. He was promoted to Market Partner in 2003 and then subsequently promoted to Vice President of Operations - Bubba's 33 in 2021. Before joining Texas Roadhouse, Mr. Marshall was a multi-unit operator with Landry's Seafood. Mr. Marshall has over 35 years of restaurant industry experience. |
| &nbsp;&nbsp;<br>**Age:** 57<br>**Restaurant Industry Experience:** 35<br>| &nbsp;&nbsp;<br>Mr. Marshall is Chief Growth Officer of the Company, having been appointed to this position in August 2025. In this role, he leads the Bubba's 33 concept while also supporting the oversight of the construction, design, real estate, development, and facilities functions across all concepts. Mr. Marshall joined Texas Roadhouse in 1997 as the Managing Partner in Killeen, Texas. He was promoted to Market Partner in 2003 and then subsequently promoted to Vice President of Operations - Bubba's 33 in 2021. Before joining Texas Roadhouse, Mr. Marshall was a multi-unit operator with Landry's Seafood. Mr. Marshall has over 35 years of restaurant industry experience. |

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|:---|:---|
| &nbsp;&nbsp;**KEITH V. HUMPICH** | &nbsp;&nbsp;**CHIEF ACCOUNTING AND FINANCIAL SERVICES OFFICER** |
| &nbsp;&nbsp;<br>**Years with Roadhouse:** 21  | &nbsp;&nbsp;<br>Mr. Humpich is Chief Accounting and Financial Services Officer of the Company, having been appointed to this position in December 2025 following his successful service as interim Chief Financial Officer. In this role, he supports the Company's accounting, SEC reporting, investor relations, tax, treasury, internal audit, and financial analysis functions, as well as continues to serve as the Company's principal accounting officer. Mr. Humpich joined the Company in February 2005 as the Director, then Senior Director, of Internal Audit, which he served until his promotion to Vice President of Finance in 2021, overseeing the Company's financial reporting, tax, treasury, internal audit, and financial analysis functions. Mr. Humpich was appointed the Company's principal accounting officer in January 2023 and also began overseeing the accounting function at that time. Mr. Humpich previously served as interim Chief Financial Officer of the Company from January 2023 through June 2023, and from June 2025 through December 2025. Prior to joining the Company, he held several different finance and/or audit positions at Lexmark International and Ernst & Young LLP. Mr. Humpich has over 30 years of accounting, audit, and finance experience. |
| &nbsp;&nbsp;<br>**Age:** 56<br>**Finance Experience:** 30<br>| &nbsp;&nbsp;<br>Mr. Humpich is Chief Accounting and Financial Services Officer of the Company, having been appointed to this position in December 2025 following his successful service as interim Chief Financial Officer. In this role, he supports the Company's accounting, SEC reporting, investor relations, tax, treasury, internal audit, and financial analysis functions, as well as continues to serve as the Company's principal accounting officer. Mr. Humpich joined the Company in February 2005 as the Director, then Senior Director, of Internal Audit, which he served until his promotion to Vice President of Finance in 2021, overseeing the Company's financial reporting, tax, treasury, internal audit, and financial analysis functions. Mr. Humpich was appointed the Company's principal accounting officer in January 2023 and also began overseeing the accounting function at that time. Mr. Humpich previously served as interim Chief Financial Officer of the Company from January 2023 through June 2023, and from June 2025 through December 2025. Prior to joining the Company, he held several different finance and/or audit positions at Lexmark International and Ernst & Young LLP. Mr. Humpich has over 30 years of accounting, audit, and finance experience. |

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**Bubba Who: Who Plays a Role in Determining Executive Compensation**

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| | |
|:---|:---|
| &nbsp;&nbsp;**ROLE IN EXECUTIVE COMPENSATION** | &nbsp;&nbsp;**ROLE IN EXECUTIVE COMPENSATION** |
| &nbsp;&nbsp;**Independent Compensation Consultant / Database Aggregator**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>● Partners with the Compensation Committee and management to determine peer companies used in evaluating executive compensation<br>● Engaged by Compensation Committee (when appropriate) pursuant to the authority granted under its charter (FW Cook was engaged in 2024)<br>● Provides market data, guidance, and recommendations on the design of executive compensation packages, the specific cash and equity compensation for the Company's Named Executive Officers, and the manner and rationale in which separation payments would be paid to our Named Executive Officers<br>● Database Aggregator provides executive and director compensation (when appropriate)<br>|
| &nbsp;&nbsp;**Compensation Committee**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>● Approves the executive compensation for each Named Executive Officer in alignment with their pay philosophy and objectives discussed within this proxy statement<br>● Approves design, administration, and oversight of executive compensation plans for our Named Executive Officers<br>● Partners with our independent compensation consultant and management to determine peer companies used in evaluating executive compensation<br>● Approves employment agreements with our Named Executive Officers<br>|
| &nbsp;&nbsp;**Chief Executive Officer**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>● Provides feedback to the Compensation Committee on the design of incentive compensation and percentage breakdown of each component of executive compensation<br>● Provides recommendations to the Compensation Committee with respect to adjustments in compensation for the other Named Executive Officers<br>● Meets with the Board and the Compensation Committee (as and if applicable) to discuss performance of the other Named Executive Officers<br>● Does not participate in the creation of their own compensation package<br>|

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**Bubba What: What We Do and What We Don't Do**

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| | |
|:---|:---|
| &nbsp;&nbsp;**WHAT WE DO** | &nbsp;&nbsp;**WHAT WE DON'T DO** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>✓ Set and evaluate executive compensation to promote the sustained profitability of the Company<br>✓ Conduct an Annual "Say on Pay" Vote<br>✓ Maintain stock ownership guidelines for our executives and directors and ensure annual compliance<br>✓ When appropriate, engage an independent compensation consultant to assist with executive compensation<br>✓ Limit accelerated vesting of equity awards by requiring a "double trigger" upon a change in control<br>✓ Employ a Clawback Policy to recover performance based compensation in certain circumstances<br>✓ Determine executive compensation through a fully independent compensation committee<br>✓ Allow for an annual adjustment of the bonus and equity portions of executive compensation by the compensation committee to more accurately reflect the overall performance of the Company and the individual executive<br>✓ Have a three year performance period for performance based restricted stock units<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>✘ No automatic increases on executive compensation<br>✘ No excessive perquisites <br>✘ No multi-year guarantees for salary increases, bonus, or equity compensation<br>✘ No short-selling, trading in derivatives, or engaging in hedging transactions by executive or directors<br>✘ No compensation or incentives that encourage unnecessary or excessive risk taking<br>✘ No payment of dividends on equity awards that are not fully earned or vested<br>✘ No grant of equity awards at less than fair market value<br>✘ No automatic acceleration of equity awards upon retirement<br>|

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**Bubba How: How We Pay**

The Company's Compensation Committee reviews and establishes executive compensation in connection with each executive officer's employment agreement. As one purpose of this discussion is to present the Compensation Committee's overall program and philosophy for executive compensation, we have generally presented the discussion as of the end of the prior fiscal year and as of the beginning of the current fiscal year.

Summary of Executive Employment Agreements. On December 27, 2024, we entered into new employment agreements with Messrs. Morgan, Monroe, Colson, Mujica, and Doster, and Ms. Tobin. In connection with Mr. Marshall's appointment to Chief Growth Officer, we entered into a new employment agreement with Mr. Marshall on August 14, 2025. Additionally, in connection with Mr. Morgan's appointment to Executive Vice Chairman and Mr. Colson's appointment to Chief Business and Administrative Officer, we entered into amendments to Mr. Morgan's employment agreement and Mr. Colson's employment agreement, respectively. Finally, in connection with Mr. Lenihan's appointment to Chief Financial Officer and Mr. Humpich's appointment to Chief Accounting and Financial Services Officer, we entered into new employment agreements with both Mr. Lenihan and Mr. Humpich on December 3, 2025. As used herein, the employment agreements (as the same may have been amended) with Messrs. Morgan, Monroe, Lenihan, Colson, Mujica, Doster,

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Marshall, and Humpich, and Ms. Tobin shall be referred to collectively as the "***Executive Employment Agreements***" and with respect to any Named Executive Officer having an employment agreement, as a "***Executive Employment Agreement***". As more particularly described below, on June 9, 2025, the Company entered into a Separation Agreement and Release of Claims (the "***Monroe Separation Agreement***") with Mr. Monroe relating to his separation from the Company as Chief Financial Officer of the Company effective as of June 9, 2025.

Each Executive Employment Agreement has an initial term expiring on January 7, 2028 which automatically renews for successive one-year terms thereafter unless either party elects not to renew by providing written notice to the other party at least 60 days before expiration. Additionally, each Executive Employment Agreement establishes an annual base salary for the term of the respective Executive Employment Agreement. During the term of the Executive Employment Agreement, base salary increases are at the discretion of the Compensation Committee; provided, however, none of the Named Executive Officer's base salary may be decreased during the term of the Executive Employment Agreement except for decreases that are applied generally to the other Named Executive Officers in an amount no greater than 10% over the prior year. Each Executive Employment Agreement also provides an annual short-term cash incentive opportunity with a target bonus based on the achievement of defined goals to be established by the Compensation Committee, with increases in the target bonus amount to be made at the discretion of the Compensation Committee during the term of the Executive Employment Agreement. In addition to cash compensation, each Executive Employment Agreement provides that the Compensation Committee may grant certain stock awards to the Named Executive Officers during the term of the respective Executive Employment Agreements, the types and amounts of which are subject to the Compensation Committee's discretion based on their annual review of the performance of the Company and of the individual Named Executive Officers.

Summary of Executive Compensation and Philosophy. The compensation packages for our Named Executive Officers offer base salaries and target cash bonus amounts and feature restricted stock unit awards, the value of which is dependent upon the performance of the Company and the price of our common stock. Such packages for our Named Executive Officers are comprised of the following four main components (three of which are expressly tied to the performance of the Company):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Base Salary : An annual base salary for the term of the respective Executive Employment Agreements, with base salary increases being left to the discretion of the Compensation Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Incentive Based Cash Bonus : An annual short-term cash incentive with a target bonus based on the achievement of defined goals to be established by the Compensation Committee, with increases in the target bonus amount to be made at the discretion of the Compensation Committee during the term of the Executive Employment Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Service Based Restricted Stock Units : Restricted Stock Units which grant the Named Executive Officer the conditional right to receive shares of our common stock that vest after a defined period of service, the realized value of which shall be dependent on the performance of the Company upon the vesting of such restricted stock units; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Performance Based Restricted Stock Units : Restricted Stock Units that are calculated based on the achievement of certain Company performance targets established by the Compensation Committee and vest over a period of service, the realized value of which shall be dependent on the performance of the Company upon the vesting of such restricted stock units and the satisfaction of such performance targets.

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In establishing the compensation for each Named Executive Officer, the Compensation Committee determines the amount of total direct compensation for each respective Named Executive Officer for any given fiscal year and then allocates the amount attributable to each compensation component (i.e., base salary, target bonus, and equity) based on the percentages shown in the graphs below in the "Elements of Compensation" section. Additionally, to the extent an Named Executive Officer is granted performance based restricted stock units, then with respect to the total equity granted to each Named Executive Officer for any given year, the Compensation Committee provides that 50% of the total dollar amount attributable to the equity component of the applicable Named Executive Officer's compensation will be directed to service based restricted stock units and the remaining 50% of such total dollar amount will be directed to performance based restricted stock units.

The Compensation Committee evaluates the stock compensation for each specific Named Executive Officer on an annual basis to determine the right combination of rewards and incentives (in alignment with their pay philosophy and objectives described in this proxy statement) through the issuance of service based restricted stock units and/or performance based restricted stock units to drive company performance without encouraging unnecessary or excessive risk taking by all of the Named Executive Officers as a whole. Under this approach, the Named Executive Officers receive a combination of service based restricted stock units and performance based restricted stock units. Additionally and by conditioning a significant portion of the Named Executive Officer's performance based restricted stock unit grants upon the achievement of defined performance goals to be established by the Compensation Committee, combined with the stock ownership guidelines for our Named Executive Officers more particularly described above, we have created a more direct relationship between compensation and shareholder value. Moreover, by giving the Compensation Committee the discretion to grant certain stock awards (if any) in its discretion to our Named Executive Officers under the Executive Employment Agreements, the Compensation Committee has the opportunity to adjust a significant portion of the total compensation for the Named Executive Officers on an annual basis to more accurately reflect the overall performance of the Company, which may include the issuance of service based restricted stock units and/or performance based restricted stock units. Overall, we believe this approach provides the Named Executive Officers with a compensation package which promotes the sustained profitability of the Company and aligns the interests of our Named Executive Officers with those of our shareholders. The compensation packages also reflect a pragmatic response to external market conditions; that is, total compensation that is competitive with comparable positions in similar industries, including the casual dining sector of the restaurant industry, but which is reasonable and in the best interests of our shareholders.

We believe that the overall design of the compensation packages, along with the culture and values of our Company, allows us to attract and retain top talent, while also keeping the Named Executive Officers focused on both long-term business development and short-term financial growth. None of the Named Executive Officers, including Mr. Morgan, participated in the creation of their own compensation package.

In deciding to continue and/or modify many of our existing executive compensation practices, our Compensation Committee considered that the holders of approximately 94% of the votes cast at our 2025 annual meeting on an advisory basis approved the compensation of our Named Executive Officers as disclosed in the proxy statement for the 2025 annual meeting.

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Elements of Compensation.

The charts below show the annualized target compensation mix for our Chief Executive Officer, our President, and other Named Executive Officers\* for the 2025 fiscal year and the 2026 fiscal year:

**2025**

![Graphic](txrh-20260521xdef14a_a009.jpg)

**2026**

![Graphic](txrh-20260521xdef14a_a009.jpg)

\*For the purposes of describing the annualized target compensation mix for our other Named Executive Officers, we included the compensation mix for Messrs. Colson, Doster, Mujica, and Mr. Marshall. We have not included the compensation mix for Mr. Lenihan and Mr. Humpich given the relatively short period of time in which Mr. Lenihan and Mr. Humpich have been a Named Executive Officer. Additionally, for the purposes of determining the percentage attributable to equity for compensation for the 2026 fiscal year, we did not include the long-term "retention" restricted stock units.

2025 Executive Compensation.

During 2024 and pursuant to the authority granted under its charter, the Compensation Committee engaged FW Cook as an independent compensation consultant to advise the Compensation Committee on compensation for the executive officers beginning with the 2025 fiscal year, together with analysis and services related to such executive compensation. Specifically, the Compensation Committee asked the consultant to provide market data and review the design of the executive compensation packages, provide guidance on cash and equity compensation for the Company's executive officers, and provide guidance and market data on the manner in which separation payments are handled in connection with the preparation and execution of the Executive Employment Agreements. This analysis was also performed, in part, as a response to the advisory vote on executive compensation at our 2024 annual shareholder meeting. As a part of this review, the

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chairperson of the Compensation Committee, the independent compensation consultant and management of the Company agreed on a list of the following 14 peer companies to evaluate their executive compensation:

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| | |
|:---|:---|
| &nbsp;&nbsp;**PEER COMPANIES** | &nbsp;&nbsp;**PEER COMPANIES** |
| &nbsp;&nbsp;Bloomin' Brands, Inc. | &nbsp;&nbsp;Brinker International, Inc. |
| &nbsp;&nbsp;Chipotle Mexican Grill, Inc. | &nbsp;&nbsp;Cracker Barrel Old Country Store, Inc. |
| &nbsp;&nbsp;Darden Restaurants, Inc. | &nbsp;&nbsp;Dave & Buster's Entertainment, Inc. |
| &nbsp;&nbsp;Dine Brands Global, Inc. | &nbsp;&nbsp;Domino's Pizza, Inc. |
| &nbsp;&nbsp;Jack in the Box Inc. | &nbsp;&nbsp;Papa John's International, Inc. |
| &nbsp;&nbsp;Restaurant Brands International Inc. | &nbsp;&nbsp;The Cheesecake Factory Incorporated |
| &nbsp;&nbsp;The Wendy's Company | &nbsp;&nbsp;Wingstop, Inc. |

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Based in part on the recommendation of our third party compensation consultant, the review of the market data provided to the Compensation Committee, and shareholder feedback received by the Company as a part of its shareholder engagement program, in connection with establishing the executive compensation for our then Named Executive Officers for the 2025 fiscal year, the Compensation Committee (A) approved the new Executive Employment Agreements, (B) increased certain portions of compensation elements for each Named Executive Officer to align with peer company benchmarking, (C) shifted the compensation percentage breakdown of the various compensation components for each Named Executive Officer to align with peer company benchmarking, (D) extended the length of the applicable performance periods for certain performance based restricted stock units granted to our Named Executive Officers, and (E) modified the manner and rationale in which separation payments are paid to Named Executive Officers pursuant to the Executive Employment Agreements. FW Cook did not provide in the 2025 fiscal year, and does not currently provide any other services to the Company, and the Compensation Committee has determined that FW Cook has sufficient independence from us and our executive officers to allow FW Cook to offer objective information and/or advice.

*Base Salary*. Base salaries for our Named Executive Officers are designed to provide a secure base of compensation which will be effective in motivating and retaining key executives. Each Named Executive Officer's Executive Employment Agreement provides that the Compensation Committee will establish the annual base salary for the Named Executive Officers at the commencement of the term of their respective Executive Employment Agreement. During the term of the respective Executive Employment Agreement, base salary increases are at the discretion of the Compensation Committee.

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In furtherance of the foregoing, the Compensation Committee established the annual base salary for each Named Executive Officer for the 2025 fiscal year as shown below.

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| | |
|:---|:---|
| **Base Salary for 2025 Fiscal Year under Executive Employment Agreements** | **Base Salary for 2025 Fiscal Year under Executive Employment Agreements** |
|  | **Starting January 8, 2025 ($)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 1400000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer, Executive Vice Chairman |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 725000 |
| &nbsp;&nbsp;&nbsp;&nbsp;President |  |
| &nbsp;&nbsp;**Michael S. Lenihan (1)** | 630000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 630000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer, Corporate Secretary |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 630000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |
| &nbsp;&nbsp;**Travis C. Doster** | 630000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |
| **L. Paul Marshall (2)** | 630000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |
| &nbsp;&nbsp;**Keith V. Humpich (3)** | 420000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer; Former Interim Chief Financial Officer |  |
| **D. Christopher Monroe** | 630000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Former Chief Financial Officer |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) As described above, in connection with Mr. Lenihan's appointment to Chief Financial Officer of the Company on December 3, 2025, the Compensation Committee established Mr. Lenihan's annual base salary at $630,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) As described above, in connection with Mr. Marshall's appointment to Chief Growth Officer of the Company on August 14, 2025, the Compensation Committee established Mr. Marshall's annual base salary at $630,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) As described above, in connection with Mr. Humpich's appointment to Chief Accounting and Financial Services Officer of the Company on December 3, 2025, the Compensation Committee established Mr. Humpich's annual base salary at $420,000.

*Incentive Bonus*. Under the Compensation Committee's charter, the Compensation Committee may award an annual cash incentive to the Named Executive Officers, which is the grant of a right to receive a payment of cash that is subject to targets and maximums, and that is contingent on achievement of performance objectives during the Company's fiscal year. These cash incentives are also subject to the terms and conditions of the Executive Employment Agreement (as applicable) and reflect each Named Executive Officer's job responsibilities for the Company. These incentive bonuses are also designed to reward our Named Executive Officers for the success of the Company. It is our belief that a significant amount of each Named Executive Officer's compensation should be tied to the performance of the Company.

In connection with the foregoing, the Compensation Committee established an annual short-term cash incentive opportunity with a target bonus as set forth in the table below relating to each Named Executive Officer's 2025 fiscal year service pursuant to each Executive Employment Agreement. The performance criteria and terms of bonus awards are at the discretion of the Compensation Committee. The Compensation Committee utilized a two pronged approach, where 50% of the target incentive bonus was based on whether the Company achieves an annual EPS growth target of 10% (the "***EPS Performance Goal***") and the remaining 50% was based on a profit sharing pool (the "***Profit Sharing Pool***") comprised of 1.75% of the Company's pre-tax profits (income before taxes less net income attributable to non-controlling interests, as reported in our audited consolidated financial statements). After the end of the 2025 fiscal year, the Compensation Committee

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determined whether and to what extent the EPS Performance Goal had been met, and the portion of the Profit Sharing Pool to which each Named Executive Officer was entitled. Depending on the level of achievement of the goals, the bonus may be reduced to a minimum of $0 or increased to a maximum of two times the base target amount under the current incentive compensation policy of the Compensation Committee of the Board.

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| | | | |
|:---|:---|:---|:---|
| **Executive Incentive Compensation for Fiscal Year 2025** | **Executive Incentive Compensation for Fiscal Year 2025** | **Executive Incentive Compensation for Fiscal Year 2025** | **Executive Incentive Compensation for Fiscal Year 2025** |
|  | **Target** | **Minimum** | **Maximum** |
|  | **Bonus** | **Bonus** | **Bonus** |
|  | **($)** | **($)** | **($)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 1400000 |  | 2800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer, Executive Vice Chairman |  |  |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 725000 |  | 1450000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President |  |  |  |
| &nbsp;&nbsp;**Michael S. Lenihan (1)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 525000 |  | 1050000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business and Administrative Officer, Corporate Secretary |  |  |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 525000 |  | 1050000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |  |
| &nbsp;&nbsp;**Travis C. Doster** | 525000 |  | 1050000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |  |
| **L. Paul Marshall (2)** | 525000 |  | 1050000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |  |
| &nbsp;&nbsp;**Keith V. Humpich (3)** | 300000 | 150000 | 450000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer, Former Interim Chief Financial Officer |  |  |  |
| **D. Christopher Monroe (4)** | 525000 |  | 1050000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Former Chief Financial Officer |  |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) In connection with Mr. Lenihan's appointment to Chief Financial Officer on December 3, 2025, the Compensation Committee did not establish a target bonus with respect to his partial 2025 fiscal year service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Mr. Marshall's target bonus described above is an annualized amount, which was prorated based on his 2025 fiscal year service as the Company's Chief Growth Officer commencing on August 14, 2025 and continuing to and through December 30, 2025. Mr. Marshall also received a bonus for his partial 2025 fiscal year service as the Vice President of Operations – Bubba's 33 of the Company that accrued prior to his appointment to Chief Growth Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Mr. Humpich's target bonus described above is an annualized amount, which was prorated based on his 2025 fiscal year service as the Company's Chief Accounting and Financial Services Officer commencing on December 3, 2025 and continuing to and through December 30, 2025. Mr. Humpich also received a bonus for his partial 2025 fiscal year service as the Vice President of Finance of the Company that accrued prior to his appointment to Chief Accounting and Financial Services Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) As noted above, Mr. Monroe separated from the Company as the Company's Chief Financial Officer on June 9, 2025. The total amount of Mr. Monroe's cash incentive bonus relating to his partial 2025 fiscal year service is described in the Summary Compensation Table below.

*Stock Awards*. We make equity awards in the form of restricted stock units, which represent the conditional right to receive one share of our common stock upon satisfaction of the vesting requirements. Restricted stock units offer the Named Executive Officers a financial interest in the Company and align their interests with those of our shareholders. We also believe that the market price of our publicly traded common stock represents the most appropriate metric for determining the value of the equity portion of our Named Executive Officers' compensation package. The overall compensation package for our Named Executive

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Officers offers base salaries and target cash bonus amounts and feature restricted stock unit awards. While the initial grant of restricted stock unit awards is based on a fixed dollar amount, the ultimate value of the restricted stock unit awards is dependent upon the performance of the Company and the price of our common stock at the time such restricted stock units vest. The Compensation Committee evaluates the stock compensation for each specific Named Executive Officer on an annual basis to determine the right combination of rewards and incentives through the issuance of service based restricted stock units and/or performance based restricted stock units to drive company performance without encouraging unnecessary or excessive risk taking by all of the Named Executive Officers as a whole. Under this approach, the Named Executive Officers receive a combination of service based restricted stock units and/or performance based restricted stock units, with a significant portion of some of the Named Executive Officer's compensation being tied to the grant of such performance based restricted stock units.

We believe that the service based restricted stock awards are inherently performance based since their value varies in response to investor sentiment regarding overall Company performance at the time of vesting. Moreover, by giving the Compensation Committee the discretion to grant certain stock awards (if any) in its discretion to our Named Executive Officers under the Executive Employment Agreement, the Compensation Committee has the opportunity to adjust a large portion of the total compensation for the Named Executive Officers on an annual basis to more accurately reflect the overall performance of the Company, which may include the issuance of service based restricted stock units and/or performance based restricted stock units based on the achievement of defined goals to be established by the Compensation Committee for any and/or all of our Named Executive Officers. Further, the Compensation Committee believes that the total number of service based restricted stock units and/or performance based restricted stock units granted to each Named Executive Officer reflects each Named Executive Officer's job responsibilities for the Company.

In connection with the foregoing, the Compensation Committee authorized the grant of service based restricted stock units under each Executive Employment Agreement equal to the dollar amount described in the table below for each Named Executive Officer with respect to all or a portion of their 2025 fiscal year service. These service based restricted stock units were calculated by dividing the dollar amount described in the table below by the per share closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares. Additionally, these shares were granted on January 8, 2025 and vested on January 8, 2026.

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| | | |
|:---|:---|:---|
| **Service Based Restricted Stock Units for 2025 Fiscal Year** | **Service Based Restricted Stock Units for 2025 Fiscal Year** | **Service Based Restricted Stock Units for 2025 Fiscal Year** |
|  | **Service Based RestrictedStock Units Vested onJanuary 8, 2026 pursuantto Executive Employment Agreements ($)** | **Number of Service BasedRestricted Stock Units Vestedon January 8, 2026 pursuantto Executive Employment Agreements (1)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 2100000 | 11600  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer, Executive Vice Chairman |  |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 725000 | 4000  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President |  |  |
| &nbsp;&nbsp;**Michael S. Lenihan (2)** | -- | -- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 472500 | 2600  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer, Corporate Secretary |  |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 472500 | 2600  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |
| &nbsp;&nbsp;**Travis C. Doster** | 472500 | 2600  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**L. Paul Marshall (3)** | -- | -- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |
| &nbsp;&nbsp;**Keith V. Humpich (4)** | -- | -- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer, Former Interim Chief Financial Officer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**D. Christopher Monroe (5)** | 472500 | 2600  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Former Chief Financial Officer |  |  |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For the service based restricted stock units described in this footnote (1), fair value is equal to the closing price of the Company's common stock on the trading day immediately preceding the date of the grant, which was $181.27 for these grants. Using the formula described in the immediately foregoing paragraph prior to this table, each Named Executive Officer was granted the number of service based restricted stock units described in the table above for their respective 2025 fiscal year service. These are not amounts paid to or received by the Named Executive Officers. The amounts listed above represent the grant date fair value determined in accordance with U.S GAAP of restricted stock units granted under the Company's 2021 Long-Term Incentive Plan. Detailed information under U.S GAAP is set forth in Note 14 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025. The Company cautions that the amounts reported in the table above for these awards may not represent the amounts that the Named Executive Officers will actually realize from the awards. Whether, and to what extent, a Named Executive Officer realizes value on these awards will depend on a number of factors, including the Company's actual operating performance, stock price fluctuations, and the Named Executive Officer's continued service with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Upon Mr. Lenihan's appointment to Chief Financial Officer on December 3, 2025, the Compensation Committee did not award any service based restricted stock units to Mr. Lenihan with respect to his partial 2025 fiscal year service. Rather and as more particularly shown in the table below, the Compensation Committee established service based restricted stock units for Mr. Lenihan with respect to his 2026 fiscal year service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Upon Mr. Marshall's appointment to Chief Growth Officer on August 14, 2025, the Compensation Committee did not award any additional service based restricted stock units to Mr. Marshall with respect to his 2025 fiscal year service. However, with respect to Mr. Marshall's 2025 fiscal year service as Vice President of Operations – Bubba's 33, he received 2,800 service based restricted stock units that were granted on January 8, 2025 and vested on January 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Upon Mr. Humpich's appointment to Chief Accounting and Financial Services Officer on December 3, 2025, the Compensation Committee did not award any service based restricted stock units to Mr. Humpich with respect to his partial 2025 fiscal year service. Rather and as more particularly shown in the table below, the Compensation Committee established service based restricted stock units for Mr. Humpich with respect to his 2026 fiscal year service. However, with respect to Mr. Humpich's 2025 fiscal year service as Vice President of Finance, he received 2,114 service based restricted stock units that were granted on July 2, 2025 and are scheduled to vest on July 2, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) As described above, Mr. Monroe separated from the Company as Chief Financial Officer of the Company on June 9, 2025. Upon his separation, Mr. Monroe forfeited his right to receive the 2,600 service based restricted stock units relating to his partial 2025 fiscal year service which would have vested on January 8, 2026.

Additionally, the Compensation Committee granted performance based restricted stock units for certain Named Executive Officers during the 2025 fiscal year. In connection with the grant of these performance based restricted stock units, the Compensation Committee weighed the feedback from the Company's compensation consultant and from its shareholders received as a part of the Company's shareholder engagement program regarding the length of the applicable performance periods for certain performance based restricted stock units granted to our Named Executive Officers, and the initial impact that the length of these vesting periods could have on the overall compensation for each Named Executive Officer.

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Accordingly, during the 2025 fiscal year, the Compensation Committee authorized a three year grant of performance based restricted stock units in connection with the execution of the Executive Employment Agreements that will vest in one-third increments, subject to the achievement of defined goals established by the Compensation Committee as further described below. The Compensation Committee took these steps as a bridge to having future performance based restricted stock units vest after the completion of a three-year performance period. For these performance based restricted stock units, the Compensation Committee utilized a two-pronged approach, where 50% of the target equity award is awarded based on whether the Company achieves the following EPS growth target (the "***2025 EPS Performance Goal***"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) with respect to the one-third portion of the applicable performance based restricted stock units, a one-year EPS growth target of 10% as compared to the 2024 fiscal year (the "  ***One-Year Performance Period*** "),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) with respect to the one-third portion of the applicable performance based restricted stock units, a two-year EPS growth target of 21% as compared to the 2024 fiscal year (the "  ***Two-Year Performance Period*** "), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) with respect to the one-third portion of the applicable performance based restricted stock units, a three-year EPS growth target of 33% as compared to the 2024 fiscal year (the "  ***Three-Year Performance Period*** ").

The other 50% is based on the Profit Sharing Pool comprised of 1.75% of the Company's pre-tax profits (income before taxes less net income attributable to non-controlling interests, as reported in our audited consolidated financial statements). After the end of the fiscal year, the Compensation Committee will determine whether and to what extent the applicable 2025 EPS Performance Goal has been met, and the portion of the Profit Sharing Pool to which each Named Executive Officer is entitled. The remaining percentage of the Named Executive Officers' equity award will fluctuate directly with Company pre-tax profits at fixed participation percentages and maximum amounts which are determined within 60 days following the commencement of the Company's fiscal year. Both portions of the performance based equity award may be reduced to a minimum of $0 or increased to a maximum of two times the target amount for each individual participant.

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The number of performance based restricted stock units granted to Messrs. Morgan, Monroe, Colson, Mujica, and Doster and Ms. Tobin during the 2025 fiscal year under their Executive Employment Agreements, the applicable vesting date for such performance based restricted stock units, and the number of shares of common stock which actually vested following the completion of the One Year Performance Period based on the Company's performance, are shown in the table below:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Performance Based Restricted Stock Units During 2025 Fiscal Year** | **Performance Based Restricted Stock Units During 2025 Fiscal Year** | **Performance Based Restricted Stock Units During 2025 Fiscal Year** | **Performance Based Restricted Stock Units During 2025 Fiscal Year** | **Performance Based Restricted Stock Units During 2025 Fiscal Year** | **Performance Based Restricted Stock Units During 2025 Fiscal Year** |
|  | **Target Number of Performance Based Restricted Stock Units Granted pursuant to Executive Employment Agreements (1)** | **Minimum Number of Performance Based Restricted Stock Units Granted pursuant to Executive Employment Agreements**  | **Maximum Number of Performance Based Restricted Stock Granted pursuant to Executive Employment Agreements** | **Vesting Date for Portion of Performance Based Restricted Stock Units**  | **Actual Number of Shares Issued for the One Year Performance Period Following Certification of 2025 Performance Goals (2)** |
| &nbsp;&nbsp;&nbsp;**Gerald L. Morgan** | 11600  |  | 23200  | 1/8/2026 | 7535  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman | 11600  |  | 23200  | 1/8/2027 |  |
|  | 11600  |  | 23200  | 1/8/2028 |  |
| &nbsp;&nbsp;&nbsp;**Regina A. Tobin** | 4000  |  | 8000  | 1/8/2026 | 2598  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President | 4000  |  | 8000  | 1/8/2027 |  |
|  | 4000  |  | 8000  | 1/8/2028 |  |
| &nbsp;&nbsp;&nbsp;**Michael S. Lenihan (3)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Christopher C. Colson** | 2600  |  | 5200  | 1/8/2026 | 1689  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer; Corporate Secretary | 2600  |  | 5200  | 1/8/2027 |  |
|  | 2600  |  | 5200  | 1/8/2028 |  |
| &nbsp;&nbsp;&nbsp;**Hernan E. Mujica** | 2600  |  | 5200  | 1/8/2026 | 1689  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer | 2600  |  | 5200  | 1/8/2027 |  |
|  | 2600  |  | 5200  | 1/8/2028 |  |
| &nbsp;&nbsp;&nbsp;**Travis C. Doster** | 2600  |  | 5200  | 1/8/2026 | 1689  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer | 2600  |  | 5200  | 1/8/2027 |  |
|  | 2600  |  | 5200  | 1/8/2028 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**L. Paul Marshall (4)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Keith V. Humpich (5)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer; Former Interim Chief Financial Officer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**D. Christopher Monroe** | 2600  |  | 5200  | 1/8/2026 | - (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Former Chief Financial Officer | 2600  |  | 5200  | 1/8/2027 |  |
|  | 2600  |  | 5200  | 1/8/2028 |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Compensation Committee authorized a three-year grant of performance based restricted stock units as described in the table above to Messrs. Morgan, Monroe, Colson, Mujica, and Doster and Ms. Tobin under their respective Executive Employment Agreements during the 2025 fiscal year in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) With respect to Mr. Morgan, (A) his 11,600 performance based restricted stock units vesting on January 8, 2026 were calculated by dividing $2,100,000 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), (B) his 11,600 performance based restricted stock units vesting on January 8, 2027 were calculated by dividing $2,100,000 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), and (C) his 11,600 performance based restricted stock units vesting on January 8, 2028 were calculated by dividing $2,100,000 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) With respect to Ms. Tobin, her 4,000 performance based restricted stock units vesting on January 8, 2026 were calculated by dividing $725,000 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select

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Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), (B) her 4,000 performance based restricted stock units vesting on January 8, 2027 were calculated by dividing $725,000 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), and (C) her 4,000 performance based restricted stock units vesting on January 8, 2028 were calculated by dividing $725,000 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) With respect to Mr. Colson, his 2,600 performance based restricted stock units vesting on January 8, 2026 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), (B) his 2,600 performance based restricted stock units vesting on January 8, 2027 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), and (C) his 2,600 performance based restricted stock units vesting on January 8, 2028 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) With respect to Mr. Mujica, his 2,600 performance based restricted stock units vesting on January 8, 2026 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), (B) his 2,600 performance based restricted stock units vesting on January 8, 2027 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), and (C) his 2,600 performance based restricted stock units vesting on January 8, 2028 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) With respect to Mr. Doster, his 2,600 performance based restricted stock units vesting on January 8, 2026 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), (B) his 2,600 performance based restricted stock units vesting on January 8, 2027 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), and (C) his 2,600 performance based restricted stock units vesting on January 8, 2028 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) With respect to Mr. Monroe, his 2,600 performance based restricted stock units vesting on January 8, 2026 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), (B) his 2,600 performance based restricted stock units vesting on January 8, 2027 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares), and (C) his 2,600 performance based restricted stock units vesting on January 8, 2028 were calculated by dividing $472,500 by $181.27 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The shares underlying the performance based restricted stock units attributable to the One Year Performance Period were released on February 27, 2026. The Compensation Committee had previously determined that 50% of the performance based restricted stock unit award for these performance based restricted stock units would be based on an EPS growth target of 10% during the One Year Performance Period, and that 50% of the performance based restricted stock unit award for such performance period would be based on a pre-tax profit target opportunity equal to the percentage payout of 1.75% of pre-tax earnings divided by the bonus pool target set by the Compensation Committee. Performance based equity awards with respect to fiscal year 2025 were paid at 65% of the total target amount for the fiscal year in which a Named Executive Officer served in such role, based on an EPS payout of 0% due to a decrease in earnings and an actual Profit Sharing Pool of $8.3 million calculated on fiscal year 2025 pre-tax profit of $472.0 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Upon Mr. Lenihan's appointment to Chief Financial Officer on December 3, 2025, the Compensation Committee did not award any performance based restricted stock units to Mr. Lenihan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Upon Mr. Marshall's appointment to Chief Growth Officer on August 14, 2025, the Compensation Committee did not award any additional performance based restricted stock units to Mr. Marshall. However, pursuant to his prior employment agreement, he previously received the following three year grant of performance based restricted stock units as Vice President of Operations – Bubba's 33 under his prior employment agreement: (i) 1,700 performance based restricted stock units that vest on January 8, 2026, (ii) 1,700 performance based restricted stock units that vest on January 8, 2027, and (iii) 1,700 performance based restricted stock units that vest on January 8, 2028. These performance based restricted stock units are based on the same performance metrics that are used for the performance based restricted stock units as the other Named Executive Officers; provided, however, such performance based equity awards may be reduced to a minimum of 50% or increased to a maximum of 150% of the applicable target amount. On February 27, 2026, 1,529 performance based restricted stock units attributable to the One Year Performance Period were released to Mr. Marshall.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Upon Mr. Humpich's appointment to Chief Accounting and Financial Services Officer on December 3, 2025, the Compensation Committee did not award any performance based restricted stock units to Mr. Humpich.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) As described above, Mr. Monroe separated from the Company as Chief Financial Officer of the Company on June 9, 2025. Upon his separation, Mr. Monroe forfeited his right to receive any of the 7,800 performance based restricted stock units described in the table above.

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2026 Executive Compensation.

As noted above, under each Executive Employment Agreement, the Compensation Committee has the ability to adjust the compensation for each Named Executive Officer. When establishing the compensation for each Named Executive Officer, the Compensation Committee continued to utilize the same approach that was used when establishing the compensation for each Named Executive Officer's 2025 fiscal year. Additionally, the Compensation Committee approved the increases in executive compensation during the 2026 fiscal year for each applicable Named Executive Officer in order to align with the target percentage parameters used by management of the Company for compensation adjustments for support center employees.

*Base Salary*. As noted above, the Compensation Committee may increase each Named Executive Officer's base salary in its discretion. The base salary of each Named Executive Officer for their 2026 fiscal year service is set forth in the following table:

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| | |
|:---|:---|
| **Base Salary for 2026 Fiscal Year under Executive Employment Agreements** | **Base Salary for 2026 Fiscal Year under Executive Employment Agreements** |
|  | **Starting January 8, 2026 ($)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 1475000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 762000 |
| &nbsp;&nbsp;&nbsp;&nbsp;President |  |
| &nbsp;&nbsp;**Michael S. Lenihan** | 630000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 662000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Business and Administrative Officer; Corporate Secretary |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 662000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |
| &nbsp;&nbsp;**Travis C. Doster** | 662000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |
| **L. Paul Marshall** | 662000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |
| &nbsp;&nbsp;**Keith V. Humpich** | 420000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer; Former Interim Chief Financial Officer |  |

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*Incentive Bonus*. As noted above, each Executive Employment Agreement provides an annual short-term cash incentive opportunity with a target bonus for the Named Executive Officers. In connection with the foregoing, the Compensation Committee established an annual short-term cash incentive opportunity with a target bonus as set forth in the table below relating to the Named Executive Officer's 2026 fiscal year service pursuant to each Executive Employment Agreement. The performance criteria and terms of bonus awards are at the discretion of the Compensation Committee. When establishing the bonus criteria for the incentive bonus for each Named Executive Officer, the Compensation Committee evaluated the feedback from the Company's compensation consultant and from its shareholders received as a part of the Company's shareholder engagement program regarding the potential of new operational performance metrics.

In furtherance of the foregoing, the Compensation Committee modified the bonus metric targets utilized by the Compensation Committee in determining the level of achievement of the goals. With respect to the target bonus for each Named Executive's Officer's 2026 fiscal year service, (i) 50% of the target incentive bonus is based on a profit sharing pool (the "***Profit Sharing Pool***") comprised of 1.75% of the Company's pre-tax profits (income before taxes less net income attributable to non-controlling interests, as reported in our audited consolidated financial statements), (ii) 25% of the target incentive bonus is based on a comparable restaurant traffic growth target of 2% (the "***Traffic Goal***"), and (iii) 25% of the target incentive bonus is based on a store week growth target of 5% (the "***Store Week Goal***"). After the end of the 2026 fiscal year, the Compensation Committee will determine whether and to what extent the Traffic Goal and Store Week Goal have been met, and the portion of the Profit Sharing Pool to which each Named Executive Officer is entitled. The Compensation Committee believes that these new metric targets more accurately align the Named Executive Officers with

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operational goals and performance of the Company and is responsive to industry benchmarking and shareholder feedback received as part of the Company's shareholder engagement program. Depending on the level of achievement of the goals, the bonus may be reduced to a minimum of $0 or increased to a maximum of two times (or a minimum of 50% or increased to a maximum of 150% for Mr. Humpich) the base target amount under the current incentive compensation policy of the Compensation Committee of the Board. When certifying the level of achievement of the goals, the Compensation Committee reserves the right to either apply the applicable minimum or maximum caps to the entirety of bonus amount or to each applicable bonus metric but in any event subject to the minimum bonus amount and maximum bonus amount described in the table below.

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| | | | |
|:---|:---|:---|:---|
| **Executive Incentive Compensation for Fiscal Year 2026** | **Executive Incentive Compensation for Fiscal Year 2026** | **Executive Incentive Compensation for Fiscal Year 2026** | **Executive Incentive Compensation for Fiscal Year 2026** |
|  | **Target** | **Minimum** | **Maximum** |
|  | **Bonus** | **Bonus** | **Bonus** |
|  | **($)** | **($)** | **($)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 1475000 |  | 2950000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman |  |  |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 762000 |  | 1524000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President |  |  |  |
| &nbsp;&nbsp;**Michael S. Lenihan** | 525000 |  | 1050000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 551000 |  | 1102000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer; Corporate Secretary |  |  |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 551000 |  | 1102000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |  |
| &nbsp;&nbsp;**Travis C. Doster** | 551000 |  | 1102000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |  |
| **L. Paul Marshall** | 551000 |  | 1102000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |  |
| &nbsp;&nbsp;**Keith Humpich** | 300000 | 150000 | 450000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer; Former Interim Chief Financial Officer |  |  |  |

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*Stock Awards*. As noted above, each Executive Employment Agreement provides that the Compensation Committee may grant certain stock awards to the Named Executive Officers during the term of the respective Executive Employment Agreements. In connection with the same, the Compensation Committee authorized the grant of service based restricted stock units under each Executive Employment Agreement equal to the dollar amount described in the table below for each Named Executive Officer with respect to their 2026 fiscal year service. These service based restricted stock units were calculated by dividing the dollar amount described in the table below by the per share closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares. Additionally and except for the shares granted to Mr. Lenihan and Mr. Humpich, these shares were granted on January 8, 2026 and will vest on January 8, 2027, provided the applicable Named Executive Officer is still employed by the Company as of the vesting date.

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The shares for Mr. Lenihan and Mr. Humpich were granted on December 3, 2025 and will vest on January 8, 2027, provided the applicable Named Executive Officer is still employed by the Company.

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| | | |
|:---|:---|:---|
| **Service Based Restricted Stock Units for 2026 Fiscal Year** | **Service Based Restricted Stock Units for 2026 Fiscal Year** | **Service Based Restricted Stock Units for 2026 Fiscal Year** |
|  | **Service Based RestrictedStock Units Vesting onJanuary 8, 2027 pursuantto Executive Employment Agreements ($)** | **Number of Service BasedRestricted Stock Units Vestingon January 8, 2027 pursuantto Executive Employment Agreements (1)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 2200000 | 12200  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer, Executive Vice Chairman |  |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 762000 | 4200  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President |  |  |
| &nbsp;&nbsp;**Michael S. Lenihan (2)** | 500000 | 2900  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 496000 | 2700  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer, Corporate Secretary |  |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 496000 | 2700  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |
| &nbsp;&nbsp;**Travis C. Doster** | 496000 | 2700  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**L. Paul Marshall** | 496000 | 2700  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |
| &nbsp;&nbsp;**Keith V. Humpich (3)** | 480000 | 2800  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer, Former Interim Chief Financial Officer |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For the service based restricted stock units described in this footnote (1), fair value is equal to the closing price of the Company's common stock on the trading day immediately preceding the date of the grant, which was $180.79 for these grants. Using the formula described in the immediately foregoing paragraph prior to this table, each Named Executive Officer was granted the number of service based restricted stock units described in the table above for their respective 2026 fiscal year service. These are not amounts paid to or received by the Named Executive Officers. The amounts listed above represent the grant date fair value determined in accordance with ASC 718 of restricted stock units granted under the Company's 2021 Long-Term Incentive Plan. Detailed information under ASC 718 is set forth in Note 14 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025. The Company cautions that the amounts reported in the table above for these awards may not represent the amounts that the Named Executive Officers will actually realize from the awards. Whether, and to what extent, a Named Executive Officer realizes value will depend on the Company's actual operating performance, stock price fluctuations and the Named Executive Officer's continued service with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Upon Mr. Lenihan's appointment to Chief Financial Officer, the Compensation Committee authorized the grant of 2,900 service based restricted stock units with a grant date December 3, 2025 for his 2026 fiscal year service and with a vesting date of January 8, 2027, provided he is still employed as of the vesting date. The number of service based restricted stock units were calculated by dividing $500,000 by $169.92 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on December 2, 2025), with such quotient being rounded up or down to the nearest 100 shares. As described in footnote (1) above, these are not amounts paid to or received by Mr. Lenihan. The amounts listed above represent the grant date fair value determined in accordance with ASC 718 of restricted stock units granted under the Company's 2021 Long-Term Incentive Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Upon Mr. Humpich's appointment to Chief Accounting and Financial Services Officer, the Compensation Committee authorized the grant of 2,800 service based restricted stock units with a grant date December 3, 2025 for his 2026 fiscal year service and with a vesting date of January 8, 2027, provided he is still employed as of the vesting date. The number of service based restricted stock units were calculated by dividing $480,000 by $169.92 (which was the closing sales price of the Company's common stock on the Nasdaq Global Select Market on

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December 2, 2025), with such quotient being rounded up or down to the nearest 100 shares. As described in footnote (1) above, these are not amounts paid to or received by Mr. Humpich. The amounts listed above represent the grant date fair value determined in accordance with ASC 718 of restricted stock units granted under the Company's 2021 Long-Term Incentive Plan.

Additionally, the Compensation Committee granted performance based restricted stock units for certain Named Executive Officers during the 2026 fiscal year as described in the table below to Messrs. Morgan, Colson, Mujica, Doster, and Marshall and Ms. Tobin under their respective Executive Employment Agreements. These performance based restricted stock units were calculated by dividing the target dollar amount described in the table below by the per share closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant, with such quotient being rounded up or down to the nearest 100 shares. Additionally, these performance based restricted stock units were granted to each respective Named Executive Officer on January 8, 2026 and will vest on January 8, 2029, subject to the achievement of defined goals established by the Compensation Committee of the Board. The actual number of shares that will be issued to each of Messrs. Morgan, Colson, Mujica, Doster, and Marshall and Ms. Tobin will be based on achievement of the performance goals assigned to these grants by the Compensation Committee, and will not be calculated until the first quarter of 2029.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Performance Based Restricted Stock Units During 2026 Fiscal Year** | **Performance Based Restricted Stock Units During 2026 Fiscal Year** | **Performance Based Restricted Stock Units During 2026 Fiscal Year** | **Performance Based Restricted Stock Units During 2026 Fiscal Year** | **Performance Based Restricted Stock Units During 2026 Fiscal Year** |
|  | **Target Performance Based Restricted Stock Units vesting on January 8, 2029 pursuant to Executive Employment Agreements ($)(1)** | **Minimum Performance Based Restricted Stock Units pursuant to Executive Employment Agreements ($)** | **Maximum Performance Based Restricted Stock Units pursuant to Executive Employment Agreements ($)** | **Target Number of Performance Based Restricted Stock Units vesting on January 8, 2029 pursuant to Executive Employment Agreements (2)** |
| &nbsp;&nbsp;&nbsp;**Gerald L. Morgan** | 2200000 |  | 4400000 | 12200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Regina A. Tobin** | 762000 |  | 1524000 | 4200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Michael S. Lenihan (3)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Christopher C. Colson** | 496000 |  | 992000 | 2700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer; Corporate Secretary |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Hernan E. Mujica** | 496000 |  | 992000 | 2700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Travis C. Doster** | 496000 |  | 992000 | 2700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**L. Paul Marshall** | 496000 |  | 992000 | 2700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Keith V. Humpich (4)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer; Former Interim Chief Financial Officer |  |  |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Compensation Committee determined that 50% of the performance based restricted stock unit award would be based on a three-year EPS growth target of 33% as compared to the 2025 fiscal year, which portion would be reduced or increased by 10% for every 1% of annual growth in EPS less than or in excess of the 33% goal, and that 50% of the performance based restricted stock unit award would be based on a pre-tax profit target opportunity equal to the percentage payout of 1.75% of pre-tax earnings divided by the bonus pool target set by the Compensation Committee during the performance period. When certifying the level of achievement of the goals, the Compensation Committee reserves the right to either apply the applicable minimum or maximum caps to the entirety of performance amount or to each applicable performance metric but in any event subject to the minimum target dollar amount and maximum target dollar amount described in the table above. The performance based restricted stock unit award for Messrs. Morgan, Colson, Mujica, Doster, and Marshall and Ms. Tobin with respect to these performance based restricted stock units will be certified in the first quarter of 2029.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) For the performance based restricted stock units described in this footnote (2), fair value is equal to the closing price of the Company's common stock on the trading day immediately

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preceding the date of the grant, which was $180.79 for these grants. Using the formula described in the immediately foregoing paragraph prior to this table, each Named Executive Officer was granted the target number of performance based restricted stock units described in the table above. These are not amounts paid to or received by these Named Executive Officers. The amounts listed above represent the grant date fair value determined in accordance with U.S GAAP of restricted stock units granted under the Company's 2021 Long-Term Incentive Plan. Detailed information under U.S GAAP is set forth in Note 14 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025. The Company cautions that the amounts reported in the table above for these awards may not represent the amounts that these Named Executive Officers will actually realize from the awards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Mr. Lenihan did not receive a grant of performance based restricted stock units during the 2026 fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Mr. Humpich did not receive a grant of performance based restricted stock units during the 2026 fiscal year.

Finally, as previously noted, the Compensation Committee has the ability to grant long-term "retention" restricted stock units to the Named Executive Officers under their respective Executive Employment Agreements. In furtherance of the foregoing, the Compensation Committee authorized the grant of the long-term "retention" restricted stock units under each Executive Employment Agreement equal to the dollar amounts described in table below for certain Named Executive Officers. These long-term "retention" restricted stock units were calculated by dividing the dollar amount described in the table below by the per share closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant (which was $180.79), with such quotient being rounded up or down to the nearest 100 shares. The long-term "retention" restricted stock units for Mr. Morgan were granted on January 8, 2026 and will vest on January 8, 2031, provided Mr. Morgan is still providing service to the Company as of the vesting date. Additionally, the long-term "retention" restricted stock units for the Named Executive Officers listed below were granted on January 8, 2026 and will vest on January 8, 2028, provided the applicable Named Executive Officer is still employed as of the vesting date, and will contain a restriction that such long-term "retention" restricted stock units may not be sold by the applicable Named Executive Officer for one year following the date such restricted stock units vest.

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| | | |
|:---|:---|:---|
| **Long-Term "Retention" Restricted Stock Units During 2026 Fiscal Year** | **Long-Term "Retention" Restricted Stock Units During 2026 Fiscal Year** | **Long-Term "Retention" Restricted Stock Units During 2026 Fiscal Year** |
|  | **Long-Term "Retention" Restricted Stock Units pursuantto Executive Employment Agreements ($)** | **Number of Long-Term "Retention"Restricted Stock Units pursuantto Executive Employment Agreements (1)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 11000000 | 60800  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman |  |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 2000000 | 11100  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President |  |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 1700000 | 9400  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business and Administrative Officer; Corporate Secretary |  |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 1700000 | 9400  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |
| &nbsp;&nbsp;**Travis C. Doster** | 1700000 | 9400  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**L. Paul Marshall** | 1700000 | 9400  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For the long-term "retention" restricted stock units described in this footnote (1), fair value is equal to the closing price of the Company's common stock on the trading day immediately preceding the date of the grant, which was $180.79 for these grants. Using the formula described in the immediately foregoing paragraph prior to this table, the applicable Named Executive Officer was granted the number of long-term "retention" restricted stock units described in the table above. These are not amounts paid to or received by the Named Executive Officers. The amounts listed above represent the grant date fair value determined in accordance with ASC 718 of restricted stock units granted under the Company's 2021 Long-Term Incentive Plan. Detailed information under ASC 718 is set forth in Note 14 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025. The Company cautions that the amounts reported in the table above for these awards may not represent the amounts that the Named Executive Officers will actually realize from the awards. Whether, and to what extent, a Named Executive Officer realizes value will depend on the Company's actual operating performance, stock price fluctuations and the Named Executive Officer's continued service with the Company.

Clawback Policy. Under the Executive Employment Agreements, each Named Executive Officer has agreed not to compete with us during the term of his or her employment and for a period of two years following his or her termination of employment. Additionally, the Executive Employment Agreements include certain confidentiality, non-solicitation, and non-disparagement provisions. Finally, each Executive Employment Agreement contains a "***clawback***" provision setting forth that any compensation paid or payable under the Executive Employment Agreements, or any other agreement or arrangement with the Company shall be subject to recovery or reduction in future payments in lieu of recovery pursuant to any Company clawback policy in effect from time to time.

The Company has established a clawback policy whereby the Company shall reasonably and promptly recover the Erroneously Awarded Compensation (as hereinafter defined) Received by an Executive Officer (each as defined in the clawback policy) in accordance with the applicable rules of The Nasdaq Stock Market and Rule 10D-1 following an Accounting Restatement. In such an event, the Compensation Committee has the discretion to determine the appropriate method of recovering such Erroneously Awarded Compensation Received, including, without limitation, requiring reimbursement of cash incentive-based compensation, seeking recovery of any gain realized on the vesting of any equity-based awards, offsetting the recouped amount from any compensation otherwise owed by the Company, and/or cancelling outstanding vested or unvested equity awards. Notwithstanding the foregoing, the Company shall not be required to take such actions if the Compensation Committee determines that recovery would be impracticable and the Compensation Committee has determined that either (a) the direct expenses paid to a third party to assist in enforcing the Company's clawback policy would exceed the amount to be recovered or (b) recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of the Internal Revenue Code.

For the purposes of the clawback policy, (A) the term "***Erroneously Awarded Compensation***" means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation (as hereinafter defined) that exceeds the amount of incentive-based compensation that otherwise would have been received had it been determined based on the restated amounts, computed without regard to any taxes paid; (B) the term "***Clawback Eligible Incentive Compensation***" means all incentive-based compensation received by an Executive Officer (i) on or after October 2, 2023, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as hereinafter defined); (C) the term "***Clawback Period***" means, with respect to any Accounting Restatement, the three completed fiscal years of the Company immediately preceding the restatement date, and if the Company changes its fiscal year, any transition period of less than nine months within or immediately following those three completed fiscal years, provided that a transition period of greater than nine months will be deemed a completed fiscal year; and (D) the term "***Accounting Restatement***" means an accounting restatement due to the material noncompliance of the

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Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements (a "Big R" restatement), or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period (a "little r" restatement).

The full text of our Policy for Recovery of Incentive Compensation can be found in Exhibit 97 to the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

*Equity Grant Processes*

The Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information ("***MNPI***"), and the Company does not time the release of MNPI based upon grant dates of equity. In the event MNPI becomes known to the Compensation Committee before granting an equity award, the Compensation Committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety.

*Separation and Change in Control Arrangements*

The Executive Employment Agreements provide that the agreement and a Named Executive Officer's employment will terminate during the term of the applicable Executive Employment Agreement if any of the following occurs: (i) termination by the Company for Cause (as hereinafter defined); (ii) termination by the Company without Cause; (iii) resignation by the applicable officer for Good Reason (as hereinafter defined); (iv) resignation by the applicable Named Executive Officer without Good Reason; (v) a Named Executive Officer's death or long-term disability; and/or (vi) a Named Executive Officer's retirement. The Executive Employment Agreements also provide the Company will pay to the applicable officer the Base Termination Payments (as hereinafter defined) and/or the Separation Pay (as hereinafter defined) based on the applicable termination event. The following table describes the payment type by applicable termination event.

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Termination Event**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Payment Type**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination for Cause | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination without Cause | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments and Separation Pay |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resignation for Good Reason | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments and Separation Pay |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resignation without Good Reason | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer Death / Long-Term Disability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer Retirement | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |

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The payment of the Separation Pay is generally contingent upon the Named Executive Officer's execution of a full release of claims against the Company and continued compliance with the non-competition, non-solicitation, confidentially and other restrictive covenants set forth in the Executive Employment Agreements. The Executive Employment Agreements provide for the reduction of Change in Control payments to the maximum amount that could be paid to the officers without giving rise to the excise tax imposed by Section 4999 of the Internal Revenue Code. For the purposes of Executive Employment Agreements, (A) the term "***Good Reason***" means a notice of termination given by a Named Executive Officers within 12 months following a Change in Control for any of the following reasons: (i) assignment to such Named Executive Officer of a different title or job responsibilities that result in a substantial decrease in the level of responsibility from those in effect immediately before the Change in Control; (ii) a reduction by the Company or the surviving company in such Named Executive Officer's base pay as in effect immediately before the Change in Control; (iii) a significant reduction by the Company or the surviving company in total benefits available to such Named Executive Officer under cash incentive, stock incentive and other employee benefit plans after the Change in Control compared to the total package of such benefits as in effect before the Change in Control; (iv) the requirement by the Company or the surviving company that such Named Executive Officer be based more than 50 miles from where such Named Executive Officer's office is located immediately before the Change in Control, except for required travel on company business to an extent substantially consistent with the business travel obligations which such Named Executive Officer undertook on behalf of the Company before the Change in

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Control; or (v) the failure by the Company to obtain from any Successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company an agreement to assume obligations under the Executive Employment Agreement; (B) the term "***Base Termination Payments***" means (i) the applicable Named Executive Officer's base salary through the date of termination, plus (ii) any incentive bonus earned but not yet paid for any fiscal year ended before the date of termination, plus (iii) any accrued paid time off that might be due in accordance with the Company's policies, plus (iv) any expenses owed to the applicable officer under the employment agreement; and (C) the term "***Separation Pay***" means the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)to the extent the Executive Employment Agreement is terminated by the Company without Cause, then (x) with respect to our Chief Executive Officer, (i) two times the Chief Executive Officer's then current base salary, plus (ii) an incentive bonus for the year in which the date of termination occurs, equal to the Chief Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iii) to the extent the Chief Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA); and (y) with respect to all other Named Executive Officers, (i) one times the applicable Named Executive Officer's then current base salary, plus (ii) an incentive bonus for the year in which the date of termination occurs, equal to the applicable Named Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iii) to the extent the applicable Named Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for a 12 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)to the extent the Executive Employment Agreement is terminated due to a Named Executive Officer's resignation for Good Reason, then (x) with respect to our Chief Executive Officer, (i) two times the Chief Executive Officer's then current base salary, plus (ii) two times the Chief Executive Officer's then target incentive bonus, plus (iii) an incentive bonus for the year in which the date of termination occurs, equal to the Chief Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iv) to the extent the Chief Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA); and (y) with respect to all other Named Executive Officers, (i) one and a half times the officer's then current base salary, plus (ii) one and a half times the applicable Named Executive Officer's then target incentive bonus, plus (iii) an incentive bonus for the year in which the date of termination occurs, equal to the applicable Named Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iv) to the extent the applicable Named Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA).

Additionally, as used in the Executive Employment Agreements, a "***Change in Control***" means that one of the following events has taken place: (i) consummation of a merger or consolidation of the Company with any other entity, other than a merger or consolidation that would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or resulting entity) more than 50% of the combined voting power of the surviving or resulting entity outstanding immediately after such merger or consolidation; (ii) consummation of a sale or disposition of all or substantially all of the assets of the Company (other than such a sale or disposition immediately after which such assets will be owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of the common stock of

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the Company immediately before such sale or disposition); or (iii) any Person becomes the beneficial owner (as determined pursuant to Section 13(d) of the Exchange Act) of securities representing in excess of 50% of the aggregate voting power of the outstanding securities of the Company as required to be disclosed in a report on Schedule 13D of the Exchange Act. The Board has the full and final authority, in its sole discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control, and any incidental matters relating thereto.

While the individual Executive Employment Agreements do not address the manner in which unvested stock awards, if any, will be handled upon the termination of a Named Executive Officer, the specific restricted stock unit award agreement and/or performance restricted stock unit award agreement entered into by the Named Executive Officers upon the grant of service based restricted stock units and/or performance based restricted stock units provide that (A) if a Change in Control occurs prior to the vesting date of such restricted stock units and the Named Executive Officer is terminated by the Company without Cause, or (B) if the Named Executive Officer is terminated for Good Reason within 12 months following a Change in Control, then such unvested service based restricted stock units and/or performance based restricted stock units shall become vested as of the date of termination. Additionally, such specific restricted stock unit award agreement and/or performance restricted stock unit award agreement entered into by the Named Executive Officers provide that if any Named Executive Officer's continuous service is terminated because of death or disability prior to the vesting date for the applicable grant of service based restricted stock units and/or performance based restricted stock units (as and if applicable), then such applicable restricted stock units become immediately vested in an amount equal to the total number of granted restricted stock units multiplied by a fraction, the numerator of which is the number of calendar months or portions thereof from grant date of such restricted stock units through the date on which such Named Executive Officer's continuous service is terminated due to death or disability and the denominator of which is the total number of calendar months or portion thereof in the vesting period for such restricted stock unit grants.

Additionally, as previously mentioned above, the Company announced that Mr. Monroe separated from the Company as Chief Financial Officer effective as of June 9, 2025. The separation was treated as a termination without "cause" under his Executive Employment Agreement. In connection with Mr. Monroe's separation from the Company, on June 9, 2025, the Company and Mr. Monroe entered into the Monroe Separation Agreement. Under the Monroe Separation Agreement, the Company agreed to pay to Mr. Monroe (x) the Base Termination Payments (as defined in his Executive Employment Agreement) and (y) the Separation Pay as calculated in accordance with his Executive Employment Agreement to be an amount equal to $883,568, which is comprised of the following: (i) $630,000 (less applicable withholdings), which is an amount equal to one times Mr. Monroe's current base salary, (ii) $228,699 (less applicable withholdings), which is an amount equal to his prorated target bonus for the 2025 fiscal year of $525,000, and (iii) $24,869 (less applicable withholdings), which is an amount equal to the approximate cost of monthly premiums (less applicable withholdings) for a twelve (12) month period for ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA) or otherwise. The payment of the amounts described in clause (i) were paid in accordance with the Company's payroll schedule, and the payment of the amounts described in clauses (ii) and (iii) were paid in a lump sum within five (5) business days following the expiration of the seven (7) day revocation period set forth in the Agreement. The Monroe Separation Agreement also provided a general release of all claims by Mr. Monroe and affirms certain obligations under the Executive Employment Agreement, including, without limitation, obligations pertaining to confidentiality, non-competition, non-disparagement, non-hire, and non-solicitation.

*Hedging and Pledging Policies*

The Company has a stock trading policy that, among other things, prohibits all of our employees (including our executive officers) and our directors from engaging in speculative trading in the Company's shares, which prohibition includes any arrangement by which a shareholder or option holder changes his or her economic exposure to changes in the price of the stock. Prohibited arrangements include buying standardized put or call options, writing put or call options, selling stock short, buying or selling securities convertible into other securities, or merely engaging in a private arrangement where the value of the agreement varies in relation to the price of the underlying security. Such arrangements are prohibited because these transactions

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may give the appearance of improper trades and look disloyal. In addition, our stock trading policy strongly discourages employees (including our executive officers) and our directors from holding the Company's securities in a margin account or otherwise pledging these securities as collateral for a loan. As of the date of this proxy statement, none of our Named Executive Officers and non-employee directors hold the Company's securities in a margin account or have otherwise pledged them as collateral for a loan.

*Stipend for Interim Chief Financial Officer; Principal Accounting Officer*

In connection with Mr. Humpich's appointment to interim Chief Financial Officer on June 9, 2025, the Compensation Committee agreed that he would receive a $100,000 stipend per fiscal quarter (or portion thereto) in which he serves in such position, which amount will be paid in arrears. In the event Mr. Humpich only serves as interim Chief Financial Officer for a portion of any given fiscal quarter, then the $100,000 per quarter stipend was to be prorated on a month-to-month basis. On February 18, 2026 and in observance for his continued support of the Company in the transition of Mr. Lenihan to the Chief Financial Officer position, the Compensation Committee agreed that Mr. Humpich would continue to receive the $100,000 per quarter stipend to and through June 30, 2026.

*Compensation Committee Report*

The Compensation Committee has reviewed and discussed the "Compensation Discussion and Analysis" required by Item 402(b) of Regulation S-K with management. Based on such review and discussions, the Compensation Committee recommended to the Board that the "Compensation Discussion and Analysis" be included in this proxy statement and incorporated by reference into the Company's Annual Report on Form 10 - K for the year ended December 30, 2025.

All members of the Compensation Committee concur in this report.

Michael A. Crawford, Chair

Jane Grote Abell

Gregory N. Moore

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**Summary Compensation Table**

The following table sets forth the total compensation earned with respect to the fiscal years 2025, 2024, and 2023 by our Named Executive Officers, which include (i) our Principal Executive Officer (the "***PEO***") and Principal Financial Officer (the "***PFO***"), including any interim PEO or PFO, and (ii) the Company's five most highly compensated executive officers other than the PEO and PFO who were serving as executive officers at the end of the last completed fiscal year.

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** |
| &nbsp;&nbsp;&nbsp;**Name and Principal Position** | **Year** | **Salary($)(1)** | **Bonus($)(2)** | **Grant DateFair Valueof StockAwards($)(3)(4)** | **Non-equityIncentive PlanCompensation($)(5)** | **All OtherCompensation($)(6)** | **Total($)(4)** |
| &nbsp;&nbsp;&nbsp;**Gerald L. Morgan** | 2025 | 1356538 | 200 | 8410928 | 909413 | 145054 | 10822133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman | 2024 | 1295385 |  | 2602600 | 2271270 | 16754 | 6186009 |
|  | 2023 | 1190000 |  | 2599856 | 1527267 | 30404 | 5347527 |
| &nbsp;&nbsp;&nbsp;**Michael S. Lenihan** | 2025 | 36346 | 5260 | 492768 |  |  | 534374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer | 2024 |  |  |  |  |  |  |
|  | 2023 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**D. Christopher Monroe** | 2025 | 279827 |  | 1885208 | 98429 | 594170 | 2857634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Former Chief Financial Officer | 2024 | 547308 | 250100 | 792610 | 742530 | 12796 | 2345344 |
|  | 2023 | 240385 | 250000 | 404484 | 254545 | 249524 | 1398938 |
| &nbsp;&nbsp;&nbsp;**Keith V. Humpich**  | 2025 | 622949 | 200 | 875787 | 134913 | 4944 | 1638793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services  | 2024 | 491923 | 200 | 399968 | 299999 | 5029 | 1197119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer; Former Interim Chief Financial Officer | 2023 | 592000 | 200 | 364629 | 190908 | 1242 | 1148979 |
| &nbsp;&nbsp;&nbsp;**Regina Tobin** | 2025 | 703317 | 200 | 2900320 | 470946 | 10680 | 4085463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President | 2024 | 697885 | 200 | 899080 | 1222991 | 10572 | 2830728 |
|  | 2023 | 642500 |  | 897792 | 827270 | 32454 | 2400016 |
| &nbsp;&nbsp;&nbsp;**Christopher C. Colson** | 2025 | 609365 | 200 | 1885208 | 341030 | 6703 | 2842506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Business and Administrative Officer,  | 2024 | 547308 | 200 | 792610 | 742530 | 12915 | 2095563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Secretary | 2023 | 500000 | 200 | 794920 | 509089 | 22131 | 1826340 |
| &nbsp;&nbsp;&nbsp;**Hernan E. Mujica**  | 2025 | 609365 | 200 | 1885208 | 341030 | 9457 | 2845260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer | 2024 | 547308 | 200 | 792610 | 742530 | 15903 | 2098551 |
|  | 2023 | 500000 | 200 | 794920 | 509089 | 24885 | 1829094 |
| &nbsp;&nbsp;&nbsp;**Travis C. Doster** | 2025 | 609365 | 200 | 1885208 | 341030 | 8215 | 2844018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer | 2024 | 547308 | 200 | 92442 | 742530 | 31192 | 1413672 |
|  | 2023 | 381538 | 200 | 860836 | 269787 | 5643 | 1518004 |
| &nbsp;&nbsp;&nbsp;&nbsp;**L. Paul Marshall** | 2025 | 576894 | 200 | 1432033 | 310915 | 8250 | 2328292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer | 2024 |  |  |  |  |  |  |
|  | 2023 |  |  |  |  |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) With respect to Mr. Humpich's base salary for 2023 and 2025, respectively, these amounts include the $100,000 quarterly stipend in which Mr. Humpich served as interim Chief Financial Officer of the Company and/or as the principal accounting officer of the Company (as applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) This column represents holiday bonus awards paid to the eligible Named Executive Officers for the fiscal years ended December 30, 2025, December 31, 2024, and December 26, 2023.

Additionally, pursuant to Mr. Monroe's Prior Employment Agreement and in connection with his appointment to Chief Financial Officer, the Company agreed to pay to Mr. Monroe a one-time signing bonus in the amount of $500,000. The signing bonus was paid in two equal installments of $250,000 each in the following manner: (i) the first installment was paid on or before July 1, 2023, and (ii) the second installment was paid on or before January 1, 2024. The amount included for Mr. Monroe with respect to the 2023 fiscal year includes the initial $250,000 portion of the signing bonus paid by the Company, and the amount included for Mr. Monroe with respect to the 2024 fiscal year includes the remaining $250,000 portion of the signing bonus paid by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Reflects the grant date fair value computed in accordance with U.S. GAAP of performance based restricted stock units and service based restricted stock units granted pursuant to the

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Company's long term incentive plan using the closing price of the Company's common stock on the last trading day immediately preceding the grant date.

The Company cautions that the amounts reported in the Summary Compensation Table for these awards may not represent the amounts that the Named Executive Officers will actually realize from the awards. Whether, and to what extent, a Named Executive Officer realizes value on these awards will depend on a number of factors, including the Company's actual operating performance, stock price fluctuations, and the Named Executive Officer's continued service with the Company. Additional information on all outstanding stock awards is reflected in the "Grants of Plan-Based Awards Table" and the "Outstanding Equity Awards at Fiscal Year End Table."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) With respect to Mr. Morgan, (i) amounts for the 2025 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Morgan during the 2025 fiscal year, (ii) amounts for the 2024 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Morgan during the 2024 fiscal year relating to his 2024 year service, and (iii) amounts for the 2023 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Morgan during the 2023 fiscal year relating to his 2023 year service.

With respect to Mr. Lenihan, amounts for the 2025 fiscal year include the service based restricted stock units granted to Mr. Lenihan during the 2025 fiscal year relating to his 2026 year service.

With respect to Mr. Monroe, (i) amounts for the 2025 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Monroe during the 2025 fiscal year, (ii) amounts for the 2024 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Monroe during the 2024 fiscal year relating to his 2024 year service, and (iii) amounts for the 2023 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Monroe during the 2023 fiscal year relating to his partial 2023 year service.

With respect to Mr. Humpich, (i) amounts for the 2025 fiscal year include (a) service based restricted stock units granted during the 2025 fiscal year relating to his 2025 year service as Vice President of the Company, and (b) service based restricted stock units granted during the 2025 fiscal year relating to his 2026 year service as Chief Accounting and Financial Services Officer, and (ii) amounts for the 2023 fiscal year include the service based restricted stock units granted to Mr. Humpich during the 2023 fiscal year relating to his 2023 year service as the Vice President of Finance of the Company.

With respect to Ms. Tobin, (i) amounts for the 2025 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Ms. Tobin during the 2025 fiscal year, (ii) amounts for the 2024 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Ms. Tobin during the 2024 fiscal year relating to her 2024 year service, and (iii) amounts for the 2023 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Ms. Tobin during the 2023 fiscal year relating to her 2023 year service.

With respect to Mr. Colson, (i) amounts for the 2025 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Colson during the 2025 fiscal year, (ii) amounts for the 2024 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Colson during the 2024 fiscal year relating to his 2024 year service, and (iii) amounts for the 2023 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Colson during the 2023 fiscal year relating to his 2023 year service.

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With respect to Mr. Mujica, (i) amounts for the 2025 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Mujica during the 2025 fiscal year, (ii) amounts for the 2024 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Mujica during the 2024 fiscal year relating to his 2024 year service, and (iii) amounts for the 2023 fiscal year include the performance based restricted stock units and service based restricted stock units granted to Mr. Mujica during the 2023 fiscal year relating to his 2023 year service.

With respect to Mr. Doster, (i) amounts for the 2025 fiscal year include service based restricted stock units and performance based restricted stock units granted to Mr. Doster during the 2025 fiscal year, (ii) amounts for the 2024 fiscal year include service based restricted stock units granted to Mr. Doster during the 2024 fiscal year relating to his Q4 2023 service and applicable to the period of time prior to his appointment to Chief Communications Officer, and (iii) amounts for the 2023 fiscal year include (a) the performance based restricted stock units and service based restricted stock units granted to Mr. Doster during the 2023 fiscal year relating to his 2024 fiscal year service, (b) the service based restricted stock units granted to Mr. Doster during the 2023 fiscal year service relating to his 2023 year service made prior to his appointment as Chief Communications Officer, and (c) the service based restricted stock units granted to Mr. Doster during the 2023 fiscal year relating to his Q4 2022 service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) This column sets forth the amount of compensation earned by the NEOs under the Company's annual performance-based Incentive Bonus program during each fiscal year. A description of the Company's annual Incentive Bonus program is included in the section above titled *"— Compensation Discussion and Analysis — Incentive Bonus*" and the determination of Incentive Bonuses for fiscal 2025 is described in the section above titled "*— Compensation Discussion and Analysis - Executive Incentive Compensation for Fiscal Year 2025*."

As described above, Mr. Monroe separated from the Company as Chief Financial Officer of the Company on June 9, 2025. The amount shown above reflects the bonus that he received for the first two fiscal quarters relating to his partial 2025 fiscal year service. Additionally, upon his separation and pursuant to the Monroe Separation Agreement, Mr. Monroe forfeited his right to receive any bonus relating to his remaining 2025 fiscal year service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) The amount included for Mr. Monroe with respect to the 2023 fiscal year includes $230,452 paid by the Company toward Mr. Monroe's relocation expenses to Louisville, Kentucky, $184,881 of which relates to the reimbursement of certain expenses arising from the sale of his home as a part of his relocation to Louisville, Kentucky. These amounts for Mr. Monroe reflect the amount paid to the applicable service providers.

We believe that the personal safety and security of our senior executives is of the utmost importance to the Company and its shareholders. In connection with the same, we may from time to time provide personal security services to certain executives. Security services include home security systems and monitoring and, in some cases, personal security services. For fiscal year 2023, the Company paid $5,519 toward Mr. Morgan's personal security, and $7,569 toward Ms. Tobin's personal security, for fiscal year 2024, the Company paid $2,319 toward Mr. Morgan's personal security, and $1,234 toward Ms. Tobin's personal security, and for fiscal year 2025, the Company paid $1,605 toward Mr. Morgan's personal security, and $1,223 toward Ms. Tobin's personal security. We also completed an executive digital assessment for certain Named Executive Officers during the 2023 fiscal year. In connection with the same, for fiscal year 2024, the Company paid $18,000 for such assessment for Mr. Doster, and for fiscal year 2023, the Company paid $18,000 for such assessments for each of Ms. Tobin and Messrs. Morgan, Colson, Mujica, and Monroe. The amounts paid in this paragraph reflect amounts paid to the applicable service providers.

Additionally, these amounts include (A) payments made by the Company for life insurance premiums maintained for the benefit of the applicable Named Executive Officers, (B) $2,622

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paid for each Named Executive Officer for a cellphone allowance during the 2025 fiscal year (other than $1,371 paid to Mr. Monroe for his partial 2025 fiscal year service and $2,657 paid to Mr. Marshall) and $2,707 paid to each Named Executive Officer for a cellphone allowance during the 2024 fiscal year, and (C) $5,096 paid to Mr. Morgan, $6,330 paid to Mr. Colson, $5,096 paid to Mr. Doster, $4,700 paid to Mr. Monroe, and $6,564 paid to Mr. Mujica, respectively, by the Company on behalf of each Named Executive Officers during the 2024 fiscal year to a comprehensive, multi-specialty preventative medical center offering individualized annual physical exams. Finally, the amount for Mr. Morgan with respect to the 2025 fiscal year includes $131,467 paid by the Company for the initiation fee and monthly dues for membership at a country club located in Louisville, Kentucky.

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**Grants of Plan-Based Awards in Fiscal Year 2025**

The following table presents information with respect to grants of stock awards to the applicable Named Executive Officers during fiscal year 2025.

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **Grants of Plan-Based Awards Table** | **Grants of Plan-Based Awards Table** | **Grants of Plan-Based Awards Table** | **Grants of Plan-Based Awards Table** | **Grants of Plan-Based Awards Table** | **Grants of Plan-Based Awards Table** | **Grants of Plan-Based Awards Table** | **Grants of Plan-Based Awards Table** |
|  |  | **Estimated Future Payouts Under** | **Estimated Future Payouts Under** | **Estimated Future Payouts Under** | **Estimated Future Payouts Under** |  |  |
|  |  | **Equity Incentive Plan Awards(1)** | **Equity Incentive Plan Awards(1)** | **Equity Incentive Plan Awards(1)** | **Equity Incentive Plan Awards(1)** |  |  |
|  |  |  |  |  |  | **All Other** | **Grant Date** |
|  |  |  |  |  |  | **Stock Awards:** | **Fair Value of** |
| **Name** | **Grant Date** | **Minimum** | **Target** |  | **Maximum** | **Number of** | **Stock and** |
|  |  |  |  |  |  | **Shares of Stock** | **Option**  |
|  |  |  |  |  |  | **or Units (2)** | **Awards ($)(3)** |
| **Gerald L. Morgan** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2026 | January 8, 2025 |  |  |  |  | 11600 | 2102732 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2026 | January 8, 2025 |  | 11600 | (4)  | 23200 |  | 2102732 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2027 | January 8, 2025 |  | 11600 | (4)  | 23200 |  | 2102732 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2028 | January 8, 2025 |  | 11600 | (4)  | 23200 |  | 2102732 |
| **Regina A. Tobin** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;President |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2026 | January 8, 2025 |  |  |  |  | 4000 | 725080 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2026 | January 8, 2025 |  | 4000 | (4)  | 8000 |  | 725080 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2027 | January 8, 2025 |  | 4000 | (4)  | 8000 |  | 725080 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2028 | January 8, 2025 |  | 4000 | (4)  | 8000 |  | 725080 |
| **Michael S. Lenihan** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2027 | December 3, 2025 |  |  |  |  | 2900 | 492768 |
| **Christopher C. Colson** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Chief Business and Administrative Officer; Corporate Secretary |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2026 | January 8, 2025 |  |  |  |  | 2600 | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2026 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2027 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2028 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| **Hernan E. Mujica** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2026 | January 8, 2025 |  |  |  |  | 2600 | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2026 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2027 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2028 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| **Travis C. Doster** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2026 | January 8, 2025 |  |  |  |  | 2600 | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2026 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2027 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2028 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| **L. Paul Marshall (5)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2026 | January 8, 2025 |  |  |  |  | 2800 | 507556 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2026 | January 8, 2025 | 850 | 1700 | (4)  | 2550 |  | 308159 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2027 | January 8, 2025 | 850 | 1700 | (4)  | 2550 |  | 308159 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2028 | January 8, 2025 | 850 | 1700 | (4)  | 2500 |  | 308159 |
| **Keith V. Humpich** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Chief Accounting and Financial Services Officer;  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Former Interim Chief Financial Officer |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on July 2, 2026 | July 2, 2025 |  |  |  |  | 2114 | 400011 |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2027 | December 3, 2025 |  |  |  |  | 2800 | 475776 |
| **D. Christopher Monroe** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Former Chief Financial Officer |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Service Based RSUs vesting on January 8, 2026 | January 8, 2025 |  |  |  |  | 2600 | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2026 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2027 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |
| &nbsp;&nbsp;&nbsp;Performance Based RSUs vesting on January 8, 2028 | January 8, 2025 |  | 2600 | (4)  | 5200 |  | 471302 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) These amounts reflect the minimum, target, and maximum number of shares issuable under performance awards. The related performance targets and certain results are described in detail in the "Compensation Discussion and Analysis."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Each stock award consists of service based restricted stock units, where each unit represents the conditional right to receive one share of our common stock upon satisfaction of vesting requirements. See the "Compensation Discussion and Analysis" for the conditions of accelerated vesting upon termination of employment other than for cause.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Reflects the grant date fair value computed in accordance with U.S. GAAP of the target number of performance based restricted stock units and service based restricted stock units granted to the Named Executive Officers using the closing price of the Company's common stock on the last trading day immediately preceding the grant date, which was based on the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) With respect to Mr. Morgan, 11,600 service based restricted stock units and 34,800 performance based restricted stock units granted on January 8, 2025 at $181.27.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) With respect to Ms. Tobin, 4,000 service based restricted stock units and 12,000 performance based restricted stock units granted on January 8, 2025 at $181.27.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) With respect to Mr. Lenihan, 2,900 service based restricted stock units granted on December 3, 2025 at $169.92.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) With respect to Mr. Colson, 2,600 service based restricted stock units and 7,800 performance based restricted stock units granted on January 8, 2025 at $181.27.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) With respect to Mr. Mujica, 2,600 service based restricted stock units and 7,800 performance based restricted stock units granted on January 8, 2025 at $181.27.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) With respect to Mr. Doster, 2,600 service based restricted stock units and 7,800 performance based restricted stock units granted on January 8, 2025 at $181.27.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) With respect to Mr. Marshall, 2,800 service based restricted stock units and 5,100 performance based restricted stock units granted on January 8, 2025 at $181.27.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) With respect to Mr. Humpich, 2,114 service based restricted stock units granted on July 2, 2025 at $189.22, and 2,800 service based restricted stock units granted on December 3, 2025 at $169.92.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) With respect to Mr. Monroe, 2,600 service based restricted stock units and 7,800 performance based restricted stock units granted on January 8, 2025 at $181.27. As previously discussed, upon his separation, Mr. Monroe forfeited his right to receive these service based restricted stock units and performance based restricted stock units granted in 2025.

These are not amounts paid to or received by the Named Executive Officers. For discussion of the assumptions used in determining these values, see Note 14 to the consolidated financial statements in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The amount included in the table above represents the target award opportunity. Performance based equity awards with respect to fiscal year 2025 were paid at 65% of the total target amount for the fiscal year in which a Named Executive Officer served in such role, based on an EPS payout of 0% due to a decrease in earnings and an actual Profit Sharing Pool of $8.3 million calculated on fiscal year 2025 pre-tax profit of $472.0 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The performance based restricted stock units granted to Mr. Marshall are based on the same performance metrics that are used for the performance based restricted stock units as the other Named Executive Officers; provided, however, such performance based restricted stock units may be reduced to a minimum of 50% or increased to a maximum of 150% of the applicable target amounts.

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**Outstanding Equity Awards**

The following table presents information with respect to outstanding stock option awards, stock awards, and equity incentive plan awards as of December 30, 2025 by the Named Executive Officers.

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|:---|:---|:---|:---|:---|:---|:---|
| **Outstanding Equity Awards at Fiscal Year End Table** | **Outstanding Equity Awards at Fiscal Year End Table** | **Outstanding Equity Awards at Fiscal Year End Table** | **Outstanding Equity Awards at Fiscal Year End Table** | **Outstanding Equity Awards at Fiscal Year End Table** | **Outstanding Equity Awards at Fiscal Year End Table** | **Outstanding Equity Awards at Fiscal Year End Table** |
|  | **Stock Awards** | **Stock Awards** | **Stock Awards** | **Equity Incentive Plan Awards** | **Equity Incentive Plan Awards** | **Equity Incentive Plan Awards** |
|  | **Number of** |  | **Market Value** | **Number of** |  | **Market Value** |
|  | **Shares or** |  | **of Shares or** | **Shares or** |  | **of Shares or** |
|  | **Units of** |  | **Units of** | **Units of** |  | **Units of** |
|  | **Stock That** |  | **Stock That** | **Stock That** |  | **Stock That** |
|  | **Have Not** |  | **Have Not** | **Have Not** |  | **Have Not** |
|  | **Vested** |  | **Vested** | **Vested** |  | **Vested** |
| &nbsp;&nbsp;**Name** | **(#)** |  | **($)(1)** | **(#)** |  | **($)(1)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 11600 | (2) | 1941840 | 34800 | (3)  | 5825520 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman |  |  |  |  |  |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 4000 | (4)  | 669600 | 12000 | (5)  | 2008800 |
| &nbsp;&nbsp;&nbsp;&nbsp;President |  |  |  |  |  |  |
| &nbsp;&nbsp;**Michael S. Lenihan** | 2900 | (6)  | 485460 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |  |  |  |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 2600 | (7)  | 435240 | 7800 | (8)  | 1305720 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer, Corporate Secretary |  |  |  |  |  |  |
| &nbsp;&nbsp;**Hernan E. Mujica** | 2600 | (9)  | 435240 | 7800 | (10)  | 1305720 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer |  |  |  |  |  |  |
| &nbsp;&nbsp;**Travis C. Doster** | 2600 | (11)  | 435240 | 7800 | (12)  | 1305720 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |  |  |  |  |
| **L. Paul Marshall** | 2800 | (13)  | 468720 | 5100 | (14)  | 853740 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |  |  |  |  |
| &nbsp;&nbsp;**Keith V. Humpich** | 4914 | (15)  | 822604 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer; Former Interim Chief Financial Officer |  |  |  |  |  |  |
| **D. Christopher Monroe (16)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Former Chief Financial Officer |  |  |  |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Market value was computed using the Company's closing stock price on the last trading day of our fiscal year ended December 30, 2025, which was $167.40.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) With respect to Mr. Morgan, the vesting schedule is as follows: 11,600 service based restricted stock units on January 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) With respect to Mr. Morgan, consists of performance awards which will vest and be earned, if at all, at the time of a determination by our compensation committee that certain Company performance measures have been satisfied. If and to the extent earned, the vesting schedule is as follows: 11,600 performance based restricted stock units on January 8, 2026, 11,600 performance based restricted stock units on January 8, 2027, and 11,600 performance based restricted stock units on January 8, 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) With respect to Ms. Tobin, the vesting schedule is as follows: 4,000 service based restricted stock units on January 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) With respect to Ms. Tobin, consists of performance awards which will vest and be earned, if at all, at the time of a determination by our compensation committee that certain Company performance measures have been satisfied. If and to the extent earned, the vesting schedule is as follows: 4,000 performance based restricted stock units on January 8, 2026, 4,000 performance based restricted stock units on January 8, 2027, and 4,000 performance based restricted stock units on January 8, 2028.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) With respect to Mr. Lenihan, the vesting schedule is as follows: 2,900 service based restricted stock units on January 8, 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) With respect to Mr. Colson, the vesting schedule is as follows: 2,600 service based restricted stock units on January 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) With respect to Mr. Colson, consists of performance awards which will vest and be earned, if at all, at the time of a determination by our compensation committee that certain Company performance measures have been satisfied. If and to the extent earned, the vesting schedule is as follows: 2,600 performance based restricted stock units on January 8, 2026, 2,600 performance based restricted stock units on January 8, 2027, and 2,600 performance based restricted stock units on January 8, 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) With respect to Mr. Mujica, the vesting schedule is as follows: 2,600 service based restricted stock units on January 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) With respect to Mr. Mujica, consists of performance awards which will vest and be earned, if at all, at the time of a determination by our compensation committee that certain Company performance measures have been satisfied. If and to the extent earned, the vesting schedule is as follows: 2,600 performance based restricted stock units on January 8, 2026, 2,600 performance based restricted stock units on January 8, 2027, and 2,600 performance based restricted stock units on January 8, 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) With respect to Mr. Doster, the vesting schedule is as follows: 2,600 service based restricted stock units on January 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12) With respect to Mr. Doster, consists of performance awards which will vest and be earned, if at all, at the time of a determination by our compensation committee that certain Company performance measures have been satisfied. If and to the extent earned, the vesting schedule is as follows: 2,600 performance based restricted stock units on January 8, 2026, 2,600 performance based restricted stock units on January 8, 2027, and 2,600 performance based restricted stock units on January 8, 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) With respect to Mr. Marshall, the vesting schedule is as follows: 2,800 service based restricted stock units on January 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14) With respect to Mr. Marshall, consists of performance awards which will vest and be earned, if at all, at the time of a determination by our compensation committee that certain Company performance measures have been satisfied. If and to the extent earned, the vesting schedule is as follows: 1,700 performance based restricted stock units on January 8, 2026, 1,700 performance based restricted stock units on January 8, 2027, and 1,700 performance based restricted stock units on January 8, 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15) With respect to Mr. Humpich, the vesting schedule is as follows: (A) 2,114 service based restricted stock units on July 2, 2026, and (B) 2,800 service based restricted stock units on January 8, 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16) As described above, Mr. Monroe separated from the Company as Chief Financial Officer of the Company on June 9, 2025. Upon his separation, Mr. Monroe forfeited his right to receive any of the 2,600 service based restricted stock units and 7,800 performance based restricted stock units previously granted to Mr. Monroe.

See the "Compensation Discussion and Analysis" for the conditions of accelerated vesting upon termination of employment other than for cause.

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**Stock Vested**

The following table presents information with respect to stock awards vested during the fiscal year ended December 30, 2025 by the Named Executive Officers.

---

| | | |
|:---|:---|:---|
| **Stock Vested Table**  | **Stock Vested Table**  | **Stock Vested Table**  |
|  | **Number of** |  |
|  | **Shares Acquired** | **Value Realized** |
|  | **on Vesting** | **on Vesting** |
| &nbsp;&nbsp;**Name** | **(#)** | **($)(1)** |
| &nbsp;&nbsp;**Gerald L. Morgan** | 30218 | 5477617<br> (i)  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; Executive Vice Chairman |  |  |
| &nbsp;&nbsp;**Regina A. Tobin** | 10140 | 1838078<br> (ii)  |
| &nbsp;&nbsp;&nbsp;&nbsp;President |  |  |
| &nbsp;&nbsp;**Michael S. Lenihan** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |  |  |
| &nbsp;&nbsp;**Christopher C. Colson** | 8568 | 1553121<br> (iii)  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer; Corporate Secretary  |  |  |
| &nbsp;&nbsp;**Hernan E. Mujica**  | 8568 | 1553121<br> (iv)  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer  |  |  |
| &nbsp;&nbsp;**Travis C. Doster** | 6698 | 1214146<br> (v)  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer |  |  |
| **L. Paul Marshall** | 7950 | 1441097<br> (vi)  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer |  |  |
| &nbsp;&nbsp;**Keith V. Humpich** | 2330 | 422359<br> (vii)  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer; Former Interim Chief Financial Officer |  |  |
| **D. Christopher Monroe** | 8568 | 1553121<br> (viii)  |
| &nbsp;&nbsp;&nbsp;&nbsp;Former Chief Financial Officer |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The value realized upon vesting of restricted stock units represents the fair value of the underlying shares based on the closing price of the Company's common stock on the trading day immediately preceding the vesting date, which is in accordance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $181.27 with respect to the 11,000 service based restricted stock units which vested on January 8, 2025, and $181.27 with respect to the 19,218 performance based restricted stock units which vested on January 8, 2025 but became reportable on February 28, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) $181.27 with respect to the 4,200 service based restricted stock units which vested on January 8, 2025, and $181.27 with respect to the 5,940 performance based restricted stock units which vested on January 8, 2025 but became reportable on February 28, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) $181.27 with respect to the 4,200 service based restricted stock units which vested on January 8, 2025, and $181.27 with respect to the 4,368 performance based restricted stock units which vested on January 8, 2025 but became reportable on February 28, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) $181.27 with respect to the 4,200 service based restricted stock units which vested on January 8, 2025, and $181.27 with respect to the 4,368 performance based restricted stock units which vested on January 8, 2025 but became reportable on February 28, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) $181.27 with respect to the 3,100 service based restricted stock units which vested on January 8, 2025, $181.27 with respect to the 2,970 performance based restricted stock

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units which vested on January 8, 2025 but became reportable on February 28, 2025, and $171.57 with respect to the 628 service based restricted stock units which vested on February 21, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) $181.27 with respect to the 4,200 service based restricted stock units which vested on January 8, 2025, and $181.27 with respect to the 3,750 performance based restricted stock units which vested on January 8, 2025 but became reportable on February 28, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) $184.01 with respect to the 2,330 service based restricted stock units which vested on June 26, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) $181.27 with respect to the 4,200 service based restricted stock units which vested on January 8, 2025, and $181.27 with respect to the 4,368 performance based restricted stock units which vested on January 8, 2025 but became reportable on February 28, 2025.

**Termination, Change in Control and Change of Responsibility Payments**

The Executive Employment Agreements provide that the agreement and a Named Executive Officer's employment will terminate during the term of the applicable Executive Employment Agreement if any of the following occurs: (i) termination by the Company for Cause (as hereinafter defined); (ii) termination by the Company without Cause; (iii) resignation by the applicable officer for Good Reason (as hereinafter defined); (iv) resignation by the applicable Named Executive Officer without Good Reason; (v) a Named Executive Officer's death or long-term disability; and/or (vi) a Named Executive Officer's retirement. The Executive Employment Agreements also provide the Company will pay to the applicable officer the Base Termination Payments (as hereinafter defined) and/or the Separation Pay (as hereinafter defined) based on the applicable termination event. The following table describes the payment type by applicable termination event.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Termination Event**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Payment Type**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination for Cause | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination without Cause | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments and Separation Pay |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resignation for Good Reason | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments and Separation Pay |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resignation without Good Reason | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer Death / Long-Term Disability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer Retirement | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Termination Payments |

---

The payment of the Separation Pay is generally contingent upon the Named Executive Officer's execution of a full release of claims against the Company and continued compliance with the non-competition, non-solicitation, confidentiality and other restrictive covenants set forth in the Executive Employment Agreements. The Executive Employment Agreements provide for the reduction of Change in Control payments to the maximum amount that could be paid to the officers without giving rise to the excise tax imposed by Section 4999 of the Internal Revenue Code. For the purposes of Executive Employment Agreements, (A) the term "***Good Reason***" means a notice of termination given by a Named Executive Officer within 12 months following a Change in Control for any of the following reasons: (i) assignment to such Named Executive Officer of a different title or job responsibilities that result in a substantial decrease in the level of responsibility from those in effect immediately before the Change in Control; (ii) a reduction by the Company or the surviving company in such Named Executive Officer's base pay as in effect immediately before the Change in Control; (iii) a significant reduction by the Company or the surviving company in total benefits available to such Named Executive Officer under cash incentive, stock incentive and other employee benefit plans after the Change in Control compared to the total package of such benefits as in effect before the Change in Control; (iv) the requirement by the Company or the surviving company that such Named Executive Officer be based more than 50 miles from where such Named Executive Officer's office is located immediately before the Change in Control, except for required travel on company business to an extent substantially consistent with the business travel obligations which such Named Executive Officer undertook on behalf of the Company before the Change in

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Control; or (v) the failure by the Company to obtain from any Successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company an agreement to assume obligations under the Executive Employment Agreement; (B) the term "***Base Termination Payments***" means (i) the applicable Named Executive Officer's base salary through the date of termination, plus (ii) any incentive bonus earned but not yet paid for any fiscal year ended before the date of termination, plus (iii) any accrued paid time off that might be due in accordance with the Company's policies, plus (iv) any expenses owed to the applicable officer under the employment agreement; and (C) the term "***Separation Pay***" means the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)to the extent the Executive Employment Agreement is terminated by the Company without Cause, then (x) with respect to our Chief Executive Officer, (i) two times the Chief Executive Officer's then current base salary, plus (ii) an incentive bonus for the year in which the date of termination occurs, equal to the Chief Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iii) to the extent the Chief Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA); and (y) with respect to all other Named Executive Officers, (i) one times the applicable Named Executive Officer's then current base salary, plus (ii) an incentive bonus for the year in which the date of termination occurs, equal to the applicable Named Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iii) to the extent the applicable Named Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for a 12 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)to the extent the Executive Employment Agreement is terminated due to a Named Executive Officer's resignation for Good Reason, then (x) with respect to our Chief Executive Officer, (i) two times the Chief Executive Officer's then current base salary, plus (ii) two times the Chief Executive Officer's then target incentive bonus, plus (iii) an incentive bonus for the year in which the date of termination occurs, equal to the Chief Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iv) to the extent the Chief Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA); and (y) with respect to all other Named Executive Officers, (i) one and a half times the officer's then current base salary, plus (ii) one and a half times the applicable Named Executive Officer's then target incentive bonus, plus (iii) an incentive bonus for the year in which the date of termination occurs, equal to the applicable Named Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, plus (iv) to the extent the applicable Named Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA).

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While the individual Executive Employment Agreements do not address the manner in which unvested stock awards, if any, will be handled upon the termination of a Named Executive Officer, the specific restricted stock unit award agreement and/or performance restricted stock unit award agreement entered into by the Named Executive Officers upon the grant of service based restricted stock units and/or performance based restricted stock units provide that (A) if a Change in Control occurs prior to the vesting date of such restricted stock units and the Named Executive Officer is terminated by the Company without Cause, or (B) if the Named Executive Officer is terminated for Good Reason within 12 months following a Change in Control, then such unvested service based restricted stock units and/or performance based restricted stock units shall become vested as of the date of termination. Additionally, such specific restricted stock unit award agreement and/or performance restricted stock unit award agreement entered into by the Named Executive Officers provide that if any Named Executive Officer's continuous service is terminated because of death or disability prior to the vesting date for the applicable grant of service based restricted stock units and/or performance based restricted stock units (as and if applicable), then such applicable restricted stock units become immediately vested in an amount equal to the total number of granted restricted stock units multiplied by a fraction, the numerator of which is the number of calendar months or portions thereof from grant date of such restricted stock units through the date on which such Named Executive Officer's continuous service is terminated due to death or disability and the denominator of which is the total number of calendar months or portion thereof in the vesting period for such restricted stock unit grants.

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The following table lists the estimated amounts payable to a Named Executive Officer pursuant to the Executive Employment Agreement for any of the foregoing reasons on December 30, 2025, the last day of our fiscal year, provided that each Named Executive Officer signed a full release of all claims against us.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TERMINATION PAYMENTS UNDER EXECUTIVE EMPLOYMENT AGREEMENTS** | **TERMINATION PAYMENTS UNDER EXECUTIVE EMPLOYMENT AGREEMENTS** | **TERMINATION PAYMENTS UNDER EXECUTIVE EMPLOYMENT AGREEMENTS** | **TERMINATION PAYMENTS UNDER EXECUTIVE EMPLOYMENT AGREEMENTS** | **TERMINATION PAYMENTS UNDER EXECUTIVE EMPLOYMENT AGREEMENTS** | **TERMINATION PAYMENTS UNDER EXECUTIVE EMPLOYMENT AGREEMENTS** | **TERMINATION PAYMENTS UNDER EXECUTIVE EMPLOYMENT AGREEMENTS** |
| **Name** | **Termination Event (1)** | **Base Salary ($)(2)** | **Incentive Bonus ($)(3)** | **COBRA ($)(4)** | **Value of Granted Stock Awards ($)(5)**  | **Total ($)** |
| **Gerald L. Morgan** | Cause | 1400000 | 1400000 | --- | --- | 2800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer; | Without Cause | 2800000 | 2800000 | 26817 | --- | 5626817 |
| &nbsp;&nbsp;&nbsp;&nbsp;Executive Vice Chairman | Resignation with Good Reason | 2800000 | 4200000 | 26817 | 7767360 | 14794177 |
|  | Resignation Without Good Reason | 1400000 | 1400000 | --- | --- | 2800000 |
|  | Death / Disability | 1400000 | 1400000 | --- | --- | 2800000 |
|  | Retirement | 1400000 | 1400000 | --- | --- | 2800000 |
| **Regina A. Tobin** | Cause | 725000 | 725000 | --- | --- | 1450000 |
| &nbsp;&nbsp;&nbsp;&nbsp;President | Without Cause | 725000 | 1450000 | 17878 | --- | 2192878 |
|  | Resignation with Good Reason | 1087500 | 1812500 | 26817 | 2678400 | 5605217 |
|  | Resignation Without Good Reason | 725000 | 725000 | --- | --- | 1450000 |
|  | Death / Disability | 725000 | 725000 | --- | --- | 1450000 |
|  | Retirement | 725000 | 725000 | --- | --- | 1450000 |
| **Michael S. Lenihan** | Cause | 630000 | 525000 | --- | --- | 1155000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer | Without Cause | 630000 | 1050000 | 24486 | --- | 1704486 |
|  | Resignation with Good Reason | 945000 | 1312500 | 36730 | 485460 | 2779690 |
|  | Resignation Without Good Reason | 630000 | 525000 | --- | --- | 1155000 |
|  | Death / Disability | 630000 | 525000 | --- |  | 1155000 |
|  | Retirement | 630000 | 525000 | --- | --- | 1155000 |
| **Christopher C. Colson** | Cause | 630000 | 525000 | --- | --- | 1155000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Business & Administrative Officer; Corporate Secretary | Without Cause | 630000 | 1050000 | 27923 | --- | 1707923 |
|  | Resignation with Good Reason | 945000 | 1312500 | 41885 | 1740960 | 4040345 |
|  | Resignation Without Good Reason | 630000 | 525000 | --- | --- | 1155000 |
|  | Death / Disability | 630000 | 525000 | --- |  | 1155000 |
|  | Retirement | 630000 | 525000 | --- | --- | 1155000 |
| **Hernan E. Mujica** | Cause | 630000 | 525000 | --- | --- | 1155000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Technology Officer | Without Cause | 630000 | 1050000 | 15973 | --- | 1695973 |
|  | Resignation with Good Reason | 945000 | 1312500 | 23960 | 1740960 | 4022420 |
|  | Resignation Without Good Reason | 630000 | 525000 | --- | --- | 1155000 |
|  | Death / Disability | 630000 | 525000 | --- |  | 1155000 |
|  | Retirement | 630000 | 525000 | --- | --- | 1155000 |
| **Travis C. Doster** | Cause | 630000 | 525000 | --- | --- | 1155000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Communications Officer | Without Cause | 630000 | 1050000 | 27742 | --- | 1707742 |
|  | Resignation with Good Reason | 945000 | 1312500 | 41613 | 1740960 | 4040073 |
|  | Resignation Without Good Reason | 630000 | 525000 | --- | --- | 1155000 |
|  | Death / Disability | 630000 | 525000 | --- |  | 1155000 |
|  | Retirement | 630000 | 525000 | --- | --- | 1155000 |
| **L. Paul Marshall** | Cause | 630000 | 525000 | --- | --- | 1155000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Growth Officer | Without Cause | 630000 | 1050000 | 27650 | --- | 1707650 |
|  | Resignation with Good Reason | 945000 | 1312500 | 41475 | 1322460 | 3621435 |
|  | Resignation Without Good Reason | 630000 | 525000 | --- | --- | 1155000 |
|  | Death / Disability | 630000 | 525000 | --- | --- | 1155000 |
|  | Retirement | 630000 | 525000 | --- | --- | 1155000 |
| **Keith V. Humpich** | Cause | 420000 | 300000 | --- | --- | 720000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting & Financial Services Officer;  | Without Cause | 420000 | 600000 | 8557 | --- | 1028557 |
| &nbsp;&nbsp;&nbsp;&nbsp;Former Interim Chief Financial Officer | Resignation with Good Reason | 630000 | 750000 | 12835 | 822604 | 2215439 |
|  | Resignation Without Good Reason | 420000 | 300000 | --- | --- | 720000 |
|  | Death / Disability | 420000 | 300000 | --- |  | 720000 |
|  | Retirement | 420000 | 300000 | --- | --- | 720000 |
| **D. Christopher Monroe (6)** | Cause | --- | --- | --- | --- | --- |
|  Former Chief Financial Officer | Without Cause | 630000 | 228699 | 24869 | --- | 883568 |
|  | Resignation with Good Reason | --- | --- | --- | --- | --- |
|  | Resignation Without Good Reason | --- | --- | --- | --- | --- |
|  | Death / Disability | --- | --- | --- | --- | --- |
|  | Retirement | --- | --- | --- | --- | --- |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) As set forth above, the Executive Employment Agreements provide that the agreement and a Named Executive Officer's employment will terminate during the term of the applicable Executive Employment Agreement if any of the following occurs: (i) termination by the Company for Cause (as hereinafter defined); (ii) termination by the Company without Cause; (iii) resignation by the applicable officer for Good Reason (as hereinafter defined); (iv) resignation by the applicable Named Executive Officer without Good Reason; (v) a Named

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Executive Officer's death or long-term disability; and/or (vi) a Named Executive Officer's retirement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Under the Executive Employment Agreements, upon any termination event, the Named Executive Officer will receive the applicable Named Executive Officer's base salary through the date of termination as a part of the Base Termination Payments.

Additionally, if the Executive Employment Agreement is terminated by the Company without Cause, then as a part of Separation Pay, (A) our Chief Executive Officer will receive two times the Chief Executive Officer's then-current base salary, and (B) all other Named Executive Officers will receive one times the applicable Named Executive Officer's then current base salary.

Finally, the Executive Employment Agreement is terminated due to a Named Executive Officer's resignation for Good Reason, then as a part of Separation Pay, (A) our Chief Executive Officer will receive two times the Chief Executive Officer's then-current base salary, and (B) all other Named Executive Officers will receive one and half times the applicable Named Executive Officer's then current base salary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Under the Executive Employment Agreements, upon any termination event, the Named Executive Officer will receive any incentive bonus earned but not yet paid for any fiscal year ended before the date of termination as a part of the Base Termination Payments.

Additionally, if the Executive Employment Agreement is terminated by the Company without Cause, then as a part of Separation Pay, (A) our Chief Executive Officer will receive an incentive bonus for the year in which the date of termination occurs, equal to the Chief Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, and (B) all other Named Executive Officers will receive an incentive bonus for the year in which the date of termination occurs, equal to the applicable Named Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination.

Finally, the Executive Employment Agreement is terminated due to a Named Executive Officer's resignation for Good Reason, then as a part of Separation Pay, (A) our Chief Executive Officer will receive two times the Chief Executive Officer's then target incentive bonus, plus an incentive bonus for the year in which the date of termination occurs, equal to the Chief Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination, and (B) all other Named Executive Officers will receive one and a half times the applicable Named Executive Officer's then target incentive bonus, plus an incentive bonus for the year in which the date of termination occurs, equal to the applicable Named Executive Officer's target bonus for that year, prorated based on the number of days in the fiscal year elapsed before the date of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) If the Executive Employment Agreement is terminated by the Company without Cause, then as a part of Separation Pay, (A) to the extent the Chief Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act ("  ***COBRA*** "), and (B) with respect to all other Named Executive Officers, to the extent the applicable Named Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for a 12 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to COBRA.

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Additionally, the Executive Employment Agreement is terminated due to a Named Executive Officer's resignation for Good Reason, then as a part of Separation Pay, (A) to the extent the Chief Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for an 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to COBRA, and (B) with respect to all other Named Executive Officers, to the extent the applicable Named Executive Officer is enrolled in the Company's insurance plan as of the date of termination, an amount equal to the approximate cost of the aggregate monthly premiums (less applicable withholdings) for a 18 month period of ongoing medical, dental, and vision insurance via a timely election made under the Company's health plan pursuant to COBRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) While the individual Executive Employment Agreements do not address the manner in which unvested stock awards, if any, will be handled upon the termination of a Named Executive Officer, the specific restricted stock unit award agreement and/or performance restricted stock unit award agreement entered into by the Named Executive Officers upon the grant of service based restricted stock units and/or performance based restricted stock units provide that each Named Executive Officer's service based restricted stock units and performance based restricted stock units would have become immediately vested upon a termination of his or her employment (A) if a Change in Control occurs prior to the vesting date of such restricted stock units and the Named Executive Officer is terminated by the Company without Cause, or (B) if the Named Executive Officer is terminated for Good Reason within 12 months following a Change in Control. The amounts shown in this column represent the value of the restricted stock units at the closing price of our common stock on the last trading day of our fiscal year ended December 30, 2025, which was $167.40. The number of service based restricted stock units and performance based restricted stock units which would have vested on that date are shown in the table titled "Outstanding Equity Awards at Fiscal Year End Table" set forth above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) As previously mentioned above, the Company announced that Mr. Monroe separated from the Company as Chief Financial Officer effective as of June 9, 2025. The separation was treated as a termination without "cause" under his Executive Employment Agreement. The amounts described above reflect the amounts paid by the Company to Mr. Monroe pursuant to the Monroe Separation Agreement.

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**Pay Versus Performance**

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of our Company, illustrating pay versus performance. The compensation actually paid ("***CAP***") for the Principal Executive Officer ("***PEO***") and the average CAP for the non-PEO named executive officers is calculated by taking the Summary Compensation Table ("***SCT***") values: (a) less the grant value of equity granted during the covered fiscal year ("***CFY***"); (b) plus the year-end fair value of unvested equity awards granted during the CFY; (c) plus for equity awards granted in prior years that are outstanding and unvested at the end of the CFY, the difference between the year-end fair value and the immediately prior year-end fair value; (d) plus for equity awards granted in the CFY that vested during the CFY, the fair value of such awards on the vesting date; (e) plus for equity awards granted in a fiscal year prior to the CFY that vested during the CFY, the difference between the fair value as of the vesting date and the immediately prior year-end fair value; and (f) less for equity awards granted in a fiscal year prior to the CFY that failed to meet the applicable vesting conditions during the CFY, the fair value at the end of the prior fiscal year.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** | **Pay Versus Performance Table** |
|  |  |  |  |  |  |  | **Value of Initial Fixed $100Investment Based on:** | **Value of Initial Fixed $100Investment Based on:** |  |  |
| **Year** | **SCT TotalComp FirstPEO** | **SCT TotalComp forSecond PEO** | **CAP toFirst PEO** | **CAP toSecond PEO** | **Avg. SCTTotal Compfor Non-PEO NEOs** | **Avg. CAP toNon-PEONEOs** | | | **Net Income(in Millions)** | **DilutedEPS** |
|  | **($)(1)** | **($)(2)** | **($)(3)** | **($)(4)** | **($)(5)** | **($)(6)** | **TSR**<br>**($)(7)** | **Peer GroupTSR (S&PIndex)**<br>**($)(8)** | **($)** | **($)** |
| 2025 | 10822133 | N/A | 10139183 | N/A | 2497043 | 1937250 | 230.83 | 136.53 | 405.6 | 6.10 |
| 2024 | 6186009 | N/A | 7866236 | N/A | 2156772 | 2669087 | 244.98 | 137.98 | 433.6 | 6.47 |
| 2023 | 5347527 | N/A | 6435377 | N/A | 1746269 | 1697782 | 164.83 | 128.97 | 304.9 | 4.54 |
| 2022 | 4421989 | N/A | 5725465 | N/A | 1662319 | 1823561 | 123.49 | 112.90 | 269.8 | 3.97 |
| 2021 | 3769765 | 4986164 | 3801740 | (2793754) | 2634509 | 1934435 | 114.97 | 122.18 | 245.3 | 3.50 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For the purposes of this table, the Principal Executive Officer refers to Gerald L. Morgan . On March 18, 2021, Mr. Morgan was named Chief Executive Officer of the Company following W. Kent Taylor's passing. The amounts described in this column relate to amounts disclosed in the Summary Compensation Table of this proxy statement. Additionally, for the purposes of the 2021 fiscal year, the amounts also reflect compensation received by Mr. Morgan for positions within the Company before assuming the role of Chief Executive Officer on March 18, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) For the purposes of this table, the Second Principal Executive Officer refers to W. Kent Taylor. Mr. Taylor served as the Chief Executive Officer of the Company until his passing on March 18, 2021. The amounts described in this column relate to amounts disclosed in the Summary Compensation Table of this proxy statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The dollar amounts reported in the "*CAP to First PEO"* column have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the First PEO. These amounts reflect the amount set forth in the "*Total"* column of the "*Summary Compensation Table"* for each fiscal year presented, with certain adjustments as described in the table below, in accordance with the requirements of Item 402(v) of Regulation S-K. Amounts in the below reconciliation table may not sum to total due to rounding:

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---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** | **CALCULATION OF FIRST PEO CAP** |
| **Year** | **SCTTotalComp** | **SCTStockAwards** | **Value ofUnvestedEquity AwardsGranted duringCFY** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Unvestedat end ofCFY** | **Value ofEquity AwardsGranted andVested inCFY** | **Change inValue ofGranted inPrior Yearsand Vested inCFY**  | **Value ofEquity AwardsPreviouslyGranted thatFailed to MeetConditions inCFY** | **CAP to First PEO($)** |
|  | **($)(a)** | **($)(b)** | **($)(c)** | **($)(d)** | **($)(e)** | **($)(f)** | **($)(g)(i)** | **(a)-(b)+(c)+(d)+(e)+(f)-(g)** |
| 2025 | 10822133 | 8410928 | 7767360 |  |  | (39382) |  | 10139183 |
| 2024 | 6186009 | 2602600 | 3969460 |  |  | 313367 |  | 7866236 |
| 2023 | 5347527 | 2599856 | 3423848 |  |  | 263858 |  | 6435377 |
| 2022 | 4421989 | 2201368 | 2297748 |  | 4996 | 1202100 |  | 5725465 |
| 2021 | 3769765 | 2394513 | 2352525 |  |  | 73963 |  | 3801740 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) For the purposes of determining the amount that should be included in column (g) of each footnote throughout the Company's Pay Versus Performance disclosure, the Company has used (i) the value of the difference in the target amount of performance based restricted stock units that an applicable officer was granted for a particular fiscal year and the amount of performance based restricted stock units that actually vested to the extent the same is less than such target amount, and (ii) the value of the difference in the target amount of "retention" restricted stock units that an applicable officer was granted and the amount of "retention" restricted stock units that actually vested (as and if applicable).

(4) ---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** | **CALCULATION OF SECOND PEO CAP** |
| **Year** | **SCTTotalComp** | **SCTStockAwards** | **Value ofUnvestedEquity AwardsGranted duringCFY** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Unvestedat end ofCFY** | **Value ofEquity AwardsGranted andVested inCFY** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Vested inCFY**  | **Value ofEquity AwardsPreviouslyGranted thatFailed to MeetConditions inCFY** | **CAP to Second PEO($)** |
|  | **($)(a)** | **($)(b)** | **($)(c)** | **($)(d)** | **($)(e)** | **($)(f)** | **($)(g)** | **(a)-(b)+(c)+(d)+(e)+(f)-(g)** |
| 2025 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 2024 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 2022 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 2021 | 4986164 | 4753200 |  |  | 1909885 | 880222 | 5816825 | (2793754) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) For the purposes of the 2021 fiscal year, the Non-Principal Executive Officers include Tonya R. Robinson, Doug W. Thompson, S. Chris Jacobsen, Christopher C. Colson, Hernan E. Mujica, and Regina A. Tobin.

For the purposes of the 2022 fiscal year, the Non-Principal Executive Officers include Tonya R. Robinson, S. Chris Jacobsen, Christopher C. Colson, Hernan E. Mujica, and Regina A. Tobin.

For the purposes of the 2023 fiscal year, the Non-Principal Executive Officers include Regina A. Tobin, D. Christopher Monroe, Keith V. Humpich, Tonya R. Robinson, Travis C. Doster, S. Chris Jacobsen, Christopher C. Colson, and Hernan E. Mujica.

For the purposes of the 2024 fiscal year, the Non-Principal Executive Officers include Regina A. Tobin, D. Christopher Monroe, Travis C. Doster, Christopher C. Colson, and Hernan E. Mujica.

For the purposes of the 2025 fiscal year, the Non-Principal Executive Officers include Regina A. Tobin, Michael S. Lenihan, Travis C. Doster, Christopher C. Colson, Hernan E. Mujica, L. Paul Marshall, Keith V. Humpich, and D. Christopher Monroe.

[**Table of Contents**](#TOC)

(6) ---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** | **CALCULATION OF 2021 NON-PEO CAP** |
| &nbsp;&nbsp;&nbsp;**Non PEO** | **SCTTotalComp($)(a)** | **SCTStockAwards($)(b)** | **Value ofUnvestedEquity AwardsGranted duringCFY($)(c)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Unvestedat end ofCFY($)(d)** | **Value ofEquity AwardsGranted andVested inCFY($)(e)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Vested inCFY($)(f)** | **Value ofEquity AwardsPreviouslyGranted thatFailed to MeetConditions inCFY($)(g)** | **CAP to Non-PEO($)(a)-(b)+(c)+(d)+(e)+(f)-(g)** |
| &nbsp;&nbsp;&nbsp;Robinson | 1788492 | 998855 | 1120250 |  |  | 5234 | 147497 | 1767624 |
| &nbsp;&nbsp;&nbsp;Thompson | 7556722 | 2376600 |  |  |  | 6192 | 1475289 | 3711025 |
| &nbsp;&nbsp;&nbsp;Jacobsen | 1712853 | 950640 | 1075440 |  |  | 4020 | 516319 | 1325354 |
| &nbsp;&nbsp;&nbsp;Tobin | 1395079 | 822315 | 761770 |  |  | 56190 |  | 1390724 |
| &nbsp;&nbsp;&nbsp;Colson | 1589173 | 945109 | 873795 |  |  | 66566 |  | 1584425 |
| &nbsp;&nbsp;&nbsp;Mujica | 1764732 | 1142043 | 1064238 |  |  | 140529 |  | 1827456 |
| &nbsp;&nbsp;&nbsp;**Average** | **2634509** | **1205927** | **815916** | **—** | **—** | **46455** | **356518** | **1934435** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** | **CALCULATION OF 2022 NON-PEO CAP** |
| &nbsp;&nbsp;&nbsp;**Non PEO** | **SCTTotalComp($)(a)** | **SCTStockAwards($)(b)** | **Value ofUnvestedEquity AwardsGranted duringCFY($)(c)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Unvestedat end ofCFY($)(d)** | **Value ofEquity AwardsGranted andVested inCFY($)(e)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Vested inCFY($)(f)** | **Value ofEquity AwardsPreviouslyGranted thatFailed to MeetConditions inCFY($)(g)** | **CAP to Non-PEO($)(a)-(b)+(c)+(d)+(e)+(f)-(g)** |
| &nbsp;&nbsp;&nbsp;Robinson | 1755123 | 893178 | 932283 |  |  | 205623 |  | 1999851 |
| &nbsp;&nbsp;&nbsp;Jacobsen | 1787674 | 793936 | 828696 |  |  | 403536 |  | 2225970 |
| &nbsp;&nbsp;&nbsp;Tobin | 1788904 | 795166 | 913449 |  |  | (11380) |  | 1895807 |
| &nbsp;&nbsp;&nbsp;Colson | 1489948 | 496210 | 517935 |  |  | (6458) |  | 1505215 |
| &nbsp;&nbsp;&nbsp;Mujica | 1489948 | 496210 | 517935 |  |  | (20710) |  | 1490963 |
| &nbsp;&nbsp;&nbsp;**Average** | **1662319** | **694940** | **742060** | **—** | **—** | **114122** | **—** | **1823561** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** | **CALCULATION OF 2023 NON-PEO CAP** |
| &nbsp;&nbsp;&nbsp;**Non PEO** | **SCTTotalComp($)(a)** | **SCTStockAwards($)(b)** | **Value ofUnvestedEquity AwardsGranted duringCFY($)(c)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Unvestedat end ofCFY($)(d)** | **Value ofEquity AwardsGranted andVested inCFY($)(e)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Vested inCFY($)(f)** | **Value ofEquity AwardsPreviouslyGranted thatFailed to MeetConditions inCFY($)(g)** | **CAP to Non-PEO($) (a)-(b)+(c)+(d)+(e)+(f)-(g)** |
| &nbsp;&nbsp;&nbsp;Tobin | 2400016 | 897792 | 1182336 |  |  | 90021 |  | 2774581 |
| &nbsp;&nbsp;&nbsp;Monroe | 1398938 | 404484 | 455692 |  |  |  |  | 1450146 |
| &nbsp;&nbsp;&nbsp;Humpich | 1148979 | 364629 | 421946 |  |  | 48696 |  | 1254992 |
| &nbsp;&nbsp;&nbsp;Robinson | 2021333 |  |  |  |  |  | 932283 | 1089050 |
| &nbsp;&nbsp;&nbsp;Doster | 1518004 | 860836 | 1014838 |  |  | 70954 |  | 1742960 |
| &nbsp;&nbsp;&nbsp;Jacobsen | 1827450 | 804272 |  |  |  | 95188 |  | 1118366 |
| &nbsp;&nbsp;&nbsp;Colson | 1826340 | 794920 | 1046860 |  |  | (3575) |  | 2074705 |
| &nbsp;&nbsp;&nbsp;Mujica | 1829094 | 794920 | 1046860 |  |  | (3575) |  | 2077459 |
| &nbsp;&nbsp;&nbsp;**Average** | **1746269** | **615232** | **646067** | **—** | **—** | **37214** | **116535** | **1697782** |

---

[**Table of Contents**](#TOC)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** | **CALCULATION OF 2024 NON-PEO CAP** |
| &nbsp;&nbsp;&nbsp;**Non PEO** | **SCTTotalComp($)(a)** | **SCTStockAwards($)(b)** | **Value ofUnvestedEquity AwardsGranted duringCFY($)(c)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Unvestedat end ofCFY($)(d)** | **Value ofEquity AwardsGranted andVested inCFY($)(e)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Vested inCFY($)(f)** | **Value ofEquity AwardsPreviouslyGranted thatFailed to MeetConditions inCFY($)(g)** | **CAP to Non-PEO($) (a)-(b)+(c)+(d)+(e)+(f)-(g)** |
| &nbsp;&nbsp;&nbsp;Tobin | 2830728 | 899080 | 1371268 |  |  | 92110 |  | 3395026 |
| &nbsp;&nbsp;&nbsp;Monroe | 2345344 | 792610 | 1208881 |  |  | 169556 |  | 2931171 |
| &nbsp;&nbsp;&nbsp;Doster | 1413672 | 92442 | 113310 | 274896 |  | 159213 |  | 1868649 |
| &nbsp;&nbsp;&nbsp;Colson | 2095563 | 792610 | 1208881 |  |  | 61966 |  | 2573800 |
| &nbsp;&nbsp;&nbsp;Mujica | 2098551 | 792610 | 1208881 |  |  | 61966 |  | 2576788 |
| &nbsp;&nbsp;&nbsp;**Average** | **2156772** | **673870** | **1022244** | **54979** | **—** | **108962** | **—** | **2669087** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** | **CALCULATION OF 2025 NON-PEO CAP** |
| &nbsp;&nbsp;&nbsp;**Non PEO** | **SCTTotalComp($)(a)** | **SCTStockAwards($)(b)** | **Value ofUnvestedEquity AwardsGranted duringCFY($)(c)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Unvestedat end ofCFY($)(d)** | **Value ofEquity AwardsGranted andVested inCFY($)(e)** | **Change inValue ofEquity AwardsGranted inPrior Yearsand Vested inCFY($)(f)** | **Value ofEquity AwardsPreviouslyGranted thatFailed to MeetConditions inCFY($)(g)** | **CAP to Non-PEO($) (a)-(b)+(c)+(d)+(e)+(f)-(g)** |
| &nbsp;&nbsp;&nbsp;Tobin | 4085463 | 2900320 | 2678400 |  |  | (11500) |  | 3852043 |
| &nbsp;&nbsp;&nbsp;Lenihan | 534374 | 492768 | 485460 |  |  |  |  | 527066 |
| &nbsp;&nbsp;&nbsp;Doster | 2844018 | 1885208 | 1740960 |  |  | (10474) |  | 2689296 |
| &nbsp;&nbsp;&nbsp;Colson | 2842506 | 1885208 | 1740960 |  |  | (7523) |  | 2690735 |
| &nbsp;&nbsp;&nbsp;Mujica | 2845260 | 1885208 | 1740960 |  |  | (7523) |  | 2693489 |
| &nbsp;&nbsp;&nbsp;Marshall | 2328292 | 1432033 | 1322460 |  |  | (5960) |  | 2212759 |
| &nbsp;&nbsp;&nbsp;Humpich | 1638793 | 875787 | 822604 |  |  | 8341 |  | 1593951 |
| &nbsp;&nbsp;&nbsp;Monroe | 2857634 | 1885208 |  |  |  | 7197 | 1740960 | (761337) |
| &nbsp;&nbsp;&nbsp;**Average** | **2497043** | **1655218** | **1316476** | **—** | **—** | **(3430)** | **217620** | **1937250** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) For the purposes of calculating the Company's total shareholder return ("  ***TSR*** "), the Company's TSR increased 15.0% in fiscal year 2021, increased 7.4% in fiscal year 2022, increased 33.5% in fiscal year 2023, increased 48.6% in fiscal year 2024, and decreased 5.8% in fiscal year 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) As more particularly shown in the Company's Annual Report on Form 10-K for the year ended December 28, 2021, we presented a performance graph by comparing our cumulative TSR against the Russell 3000 Restaurant Index. In connection with our Annual Report on Form 10-K for the year ended December 28, 2021, December 27, 2022, December 26, 2023, December 31, 2024, and December 30, 2025, the Company presented a performance graph by comparing our cumulative TSR against the S&P Composite 1500 Restaurant Sub-Index (the "  ***S&P Index*** "). For the purposes of the table above, we have shown the TSR for the Company's peer companies using the S&P Index. In furtherance of the foregoing, using the S&P Composite 1500 Restaurant Sub-Index, the TSR of the Company's peer companies increased 22.2% in fiscal year 2021, decreased 7.6% in fiscal year 2022, increased 14.2% in fiscal year 2023, increased 7.0% in fiscal year 2024, and decreased 1.1% in fiscal year 2025.

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As shown in the charts as discussed further below, the relationship between the Compensation Actually Paid to the Principal Executive Officer and the Average Compensation Actually Paid to the Non-Principal Executive Officers in the 2021 fiscal year, 2022 fiscal year, 2023 fiscal year, 2024 fiscal year, and the 2025 fiscal year, respectively, to each of (i) net income, (ii) total shareholder return, and (iii) diluted earnings per share demonstrates that such compensation fluctuates to the extent the Company is achieving its goals and increasing value for shareholders in line with the Company's compensation philosophy and performance-based objectives. For the purposes of the charts below, the Principal Executive Officer is determined in the following manner: (i) for fiscal year 2021, the Principal Executive Officer represented is the aggregate compensation of W. Kent Taylor and Gerald L. Morgan, and (ii) for fiscal years 2022, 2023, 2024, and 2025, the Principal Executive Officer represented is Gerald L. Morgan.

![Graphic](txrh-20260521xdef14a_a011.jpg)

![Graphic](txrh-20260521xdef14a_a012.jpg)

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![Graphic](txrh-20260521xdef14a_a013.jpg)

The following table lists the three financial performance measures that we believe represent the most important financial measures to link compensation actually paid to our Named Executive Officers in 2025 to our performance.

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| |
|:---|
| &nbsp;&nbsp;**Most Important Performance Measures** |
| &nbsp;&nbsp;<br>1)<br>Diluted Earnings Per Share Growth <br>|
| &nbsp;&nbsp;<br>2)<br>Profit Growth<br>|
| &nbsp;&nbsp;<br>3)<br>Change in Stock Price<br>|

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**CEO Pay Ratio**

Under Section 953(b) of the Dodd Frank Wall Street Reform and Consumer Protection Act, a U.S. publicly traded corporation is required to disclose the ratio between their Chief Executive Officer's annual total compensation to the total compensation of such corporation's median employee after excluding the Chief Executive Officer's compensation. To identify our median employee, we used the 2025 total cash compensation for all individuals (other than Mr. Morgan, our Chief Executive Officer) who were employed by us as of December 30, 2025, the last day of our 2025 fiscal year. For the purpose of calculating our employee's total cash compensation, we used our employee's base wages identified on our employees' W-2 forms. As a part of our calculation, we included all employees, whether employed by us on a full-time or part-time basis, and we annualized the compensation of any employee whom we hired during our 2025 fiscal year and who was working for us at the end of our fiscal year. As of December 30, 2025, approximately 72% of our employees were part-time employees and our average employee worked approximately 24 hours per week.

We identified our median employee as a service assistant in our Bubba's 33 location located in San Antonio, Texas who worked an average of approximately 28 hours per week. After identifying our median employee, we calculated the annual total compensation for such employee as $20,524, which is determined using the same methodology we used for our Named Executive Officers as set forth in the 2025 Summary Compensation Table described above.

As more particularly described in the 2025 Summary Compensation Table, the annual total compensation for Mr. Morgan, our Chief Executive Officer, for our 2025 fiscal year is $10,822,133 and the ratio between the compensation for our Chief Executive Officer and the compensation for our median employee is 527 to 1. Note that since the SEC rules allow companies to use various methodologies and assumptions, apply certain exclusions, and make reasonable estimates relating to a specific company's employee base when identifying the median employee, the CEO pay ratio disclosed by other companies may not be comparable with the CEO pay ratio disclosed in this paragraph. Additionally, the pay ratio between our Chief Executive Officer and our median employee may vary year to year based, in part, on the grant date value of any restricted stock units granted to our Chief Executive Officer in any given year.

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**FINANCE AND AUDIT COMMITTEE REPORT**

As of the date of this proxy statement, the finance and audit committee of the Board (the "***Committee***") is currently composed of six directors, all of whom meet the criteria for independence under the applicable Nasdaq and Securities & Exchange Commission (the "***SEC***") rules and the Sarbanes-Oxley Act. The Committee acts under a written charter adopted by the Board, a copy of which is available on the Company's website at *www.texasroadhouse.com*. During the 2025 fiscal year, the Committee was comprised of Mss. Abell and Epps and Messrs. Crawford, Jones, Moore, and Warfield. During the 2026 fiscal year, the Committee is comprised of Mss. Abell and Epps and Messrs. Crawford, Jones, Moore, and Warfield. Ms. Epps currently serves as the chairperson of the Committee and was the chairperson of the Committee during the 2025 fiscal year. The Board evaluated the credentials of and designated Ms. Epps and Messrs. Moore and Warfield as audit committee financial experts.

The Committee has prepared the following report on its activities and with respect to the Company's audited consolidated financial statements for the fiscal year ended December 30, 2025 (the "***Audited Financial Statements***").

● The Committee met 11 times during fiscal year 2025, which were comprised of six regular meetings of the Committee and five meetings solely related to the Committee's review of the Company's quarterly earnings release and filings with the SEC. The Committee's meetings included private sessions with the Company's independent auditors and internal auditors (as needed), as well as executive sessions consisting of only Committee members. The Committee also met periodically in private sessions with management, including Named Executive Officers (as needed);

● The Committee reviewed the acknowledgement process for the Company's Code of Conduct and the corresponding results;

● The Committee reviewed the scope, plans, and results of the testing performed by the Company's internal auditors and independent auditors in their assessments of internal control over financial reporting and the consolidated financial statements;

● The Committee evaluated and reviewed the Company's internal audit function, including, without limitation, the independence, competence, staffing adequacy and authority of the function; the ability of the internal audit function to raise issues to the appropriate level of authority; and the reporting relationships among the Company's internal auditors, financial management, and the Committee;

● The Committee reviewed matters submitted to it via the Company's whistleblower hotline and/or other reporting mechanisms regarding concerns about allegedly questionable financial, accounting, and/or auditing matters (if any);

● The Committee reviewed the Company's risk assessment and risk management policies, practices, and disclosures, including, without limitation, the Company's financial strategies, insurance plans, cyber risk, artificial intelligence, business continuity, human capital, and corporate sustainability with management, the Company's Chief Business and Administrative Officer, the Company's internal and independent auditors, and the Company's enterprise risk management team;

● The Committee was advised on risks and the Company's related mitigation efforts in accordance with acceptable risk tolerance, including, without limitation, strategic, operational, financial, human capital, legal, data privacy, corporate sustainability, and cybersecurity risks both during and outside of regularly scheduled meetings;

● As a part of the Committee's oversight responsibilities, during the 2025 fiscal year, the Committee received reports on risks relating to certain business functions within the Company, together with reports from the Company's vendor risk subcommittee, California operations risk subcommittee, the food safety risk subcommittee, crisis / business continuity risk subcommittee, employment compliance risk subcommittee, and corporate sustainability risk subcommittee;

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● The Committee reviewed the Company's legal, regulatory, and ethical compliance programs;

● The Committee reviewed with the Chief Business and Administrative Officer of the Company its disclosures with respect to current lawsuits (as and if applicable);

● The Committee reviewed comment letters received from the SEC, if any, together with management's response to such letters;

● The Committee pre-approved all audit, audit-related, and permissible non-audit services provided to the Company by KPMG LLP, the Company's independent auditors, for the 2025 fiscal year, before management engaged the independent auditors for those purposes, pursuant to and in accordance with the Finance and Audit Committee Pre-Approval Policy (which is available on the Company's website at *www.texasroadhouse.com*);

● On a quarterly basis, the Committee discussed with KPMG LLP the matters required to be discussed by the Public Company Accounting Oversight Board's Auditing Standard No. 1301, Communications with Audit Committees;

● The Committee discussed with KPMG LLP their written disclosures and letter required by the Public Company Accounting Oversight Board regarding the independent auditor's communications with the Committee concerning independence and has discussed with the independent accountant the independent accountant's independence;

● The Committee reviewed the selection, application, and disclosure of critical accounting policies;

● The Committee reviewed with KPMG LLP the selection and disclosure of the critical audit matter(s) set forth in the independent auditor's report of the Company's Form 10-K;

● The Committee reviewed the Company's quarterly earnings press releases prior to issuance;

● The Committee reviewed and discussed the Company's Audited Financial Statements for the 2025 fiscal year with management and the independent auditors;

● As mentioned above, the Committee reviewed the Company's Quarterly and Annual Reports on Form 10-Q and Form 10-K prior to filing with the SEC and acknowledged that the Committee did not have any objections to the filing of the same;

● The Committee evaluated the appointment, compensation, retention and oversight of KPMG LLP. In connection with such appointment, the Committee evaluated the service level of the incumbent independent auditor, which included criteria such as prior year quality of service, industry and technical expertise, independence, resource availability, and reasonableness and competitiveness of fees, as well as solicited the input of key management employees during its evaluation; and

● Based on the review and discussion referred to above, and in reliance thereon, the Committee recommended to the Board that the Audited Financial Statements be included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025, for filing with the SEC.

All members of the Committee concur in this report.

Donna E. Epps, Chair

Jane Grote Abell

Michael A. Crawford

Wayne L. Jones

Gregory N. Moore

Curtis A. Warfield

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**Related Party Transactions**

The Committee's charter provides that the Committee will review and approve any transactions between us and any of our executive officers, non-employee directors, and 5% shareholders, or any members of their immediate families, in which the amount involved exceeds the threshold limits established by the regulations of the SEC. In reviewing a related-party transaction, the Committee considers the material terms of the transaction, including whether the terms are generally available to an unaffiliated third party under similar circumstances. Unless specifically noted, the transactions described below were either entered into before our initial public offering in 2004 and the subsequent formation of the Committee or before the individual listed below became a Named Executive Officer.

*Grants of Franchise or License Rights*

We have franchised restaurants to companies owned in part by certain Named Executive Officers. The royalty rate that is paid by these companies is set forth below, and is the amount we typically charge to franchisees. We believe that allowing certain Named Executive Officers to have ownership interests in our restaurants provides an ongoing benefit to the Company by these persons being more invested in the overall success of the brand.

Ownership interests of franchised restaurants by certain of our Named Executive Officers as of the end of the 2025 fiscal year are listed below. Note that the chart below denotes ultimate beneficial ownership percentages and Mr. Morgan and/or Mr. Marshall (as applicable) may from time to time hold such interests through another legal entity such as a trust or limited liability company.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **RELATED PARTY TRANSACTIONS** | **RELATED PARTY TRANSACTIONS** | **RELATED PARTY TRANSACTIONS** | **RELATED PARTY TRANSACTIONS** | **RELATED PARTY TRANSACTIONS** | **RELATED PARTY TRANSACTIONS** |
|  |  |  |  |  | **Management,** |
|  |  |  |  | **Royalties** | **Supervision and/or** |
|  |  |  |  | **Paid to** | **Accounting Fees** |
|  |  | **Initial** |  | **Us in** | **Paid to Us** |
|  |  | **Franchise** | **Royalty** | **Fiscal Year 2025** | **in Fiscal Year 2025** |
| &nbsp;&nbsp;**Restaurant** | **Name and Ownership** | **Fee** | **Rate** | **($)** | **($)(1)** |
| &nbsp;&nbsp;El Cajon, CA | Gerald L. Morgan (2.0%) |  | 4.0% | 487889  | 50865  |
| &nbsp;&nbsp;McKinney, TX | Gerald L. Morgan (2.0%) |  | 4.0% | 455963  | 56995  |
| &nbsp;&nbsp;Brownsville, TX | Gerald L. Morgan (3.06%) |  | 4.0% | 467125  | 58391  |
| &nbsp;&nbsp;Oceanside, CA | Gerald L. Morgan (2.0%) |  | 4.0% | 538038  | 50865  |
| &nbsp;&nbsp;Temple, TX | L. Paul Marshall (5.0%) |  | 4.0%  | 333847  | 41731  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The management, supervision and/or accounting fees described in this table are fees paid by the operating entity of the applicable franchise location to the Company pursuant to a separate management agreement.

For the 2025 fiscal year, the total amount of distributions received by Mr. Morgan and Mr. Marshall relating to their ownership interests in the above-referenced franchised restaurants was $190,233, and $17,944, respectively. This amount does not reflect compensation paid by the Company to Mr. Morgan and Mr. Marshall during the 2025 fiscal year; rather, this amount was paid by the applicable franchise entity and reflects a return on investment in these separate restaurant locations.

The franchise agreements that we have entered into with these Named Executive Officers contain the same terms and conditions as those agreements that we enter into with our other Texas Roadhouse domestic franchisees. We have the contractual right, but not the obligation, to acquire the restaurants owned in part by such Named Executive Officers based on a pre-determined valuation formula which is the same as the formula contained in the Texas Roadhouse domestic franchise agreements that we have entered into with other franchisees with whom we have such rights. Once a franchise agreement has been entered into, it may be terminated if the franchisee defaults in the performance of any of its obligations under the agreement, including its obligations to operate the restaurant in strict accordance with our standards and specifications. A franchise agreement may also be terminated, among other things, if a franchisee becomes insolvent, fails to make its

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required payments, creates a threat to the public health or safety, ceases to operate the restaurant or misuses the Texas Roadhouse trademarks.

*Ownership Interest in Majority-Owned Joint Venture Entities*

We have certain Named Executive Officers who have an ownership interest in a certain Texas Roadhouse restaurant that is owned by an entity that the Company controls and in which the Company holds a 52.5% ownership interest. We believe that allowing certain Named Executive Officers to have ownership interests in restaurants provides an ongoing benefit to the Company by making these persons more invested in the overall success of the brand.

As of the end of the 2025 fiscal year, both Mr. Morgan and Mr. Marshall held an ultimate beneficial ownership interest in the Mansfield, Texas restaurant, which such entity paid $438,647 to us for management and supervision fees. Mr. Morgan held a 34.5% ultimate beneficial ownership interest in such entity, and Mr. Marshall held a 2% ultimate beneficial ownership interest in such entity. Additionally, for the 2025 fiscal year, the total amount of distributions received by Mr. Morgan and Mr. Marshall relating to their ownership interest in the Mansfield, Texas restaurant was $737,539, and $46,096, respectively. These amounts do not reflect compensation paid by the Company to Mr. Morgan and/or Mr. Marshall (as applicable) during the 2025 fiscal year; rather, these amounts were paid by the entity and reflects a return on investment in this restaurant location.

*Other Related Transactions*

On December 31, 2025 (the first of our 2026 fiscal year), the Company acquired five Texas Roadhouse franchise locations in Southern California including the Texas Roadhouse franchise restaurants located in El Cajon, California and Oceanside, California in which Mr. Morgan had a 2% ownership interest. Mr. Morgan's ownership in these entities occurred prior to him becoming a Named Executive Officer and Mr. Morgan did not have any control and/or management authority with respect to the entities that owned the El Cajon, California and Oceanside, California locations. As a part of the overall transaction, Mr. Morgan received $518,400 in total for his ownership interest in the two franchise restaurants. Mr. Morgan was not involved in the overall negotiation for the acquisition of the franchise locations in Southern California and the EBITDA multiple used for the overall transaction is fair and reasonable considering the age of the acquired restaurants, market and industry benchmarking previously performed by the Company, and within the EBITDA multiple range utilized by the Company in other franchise acquisitions in recently completed transactions. Given the foregoing, on November 12, 2025, the Committee approved the related party transaction involving Mr. Morgan's minority ownership interest in such franchise locations.

As noted above, Mr. Carroll was appointed to the Board as an executive director on August 14, 2025. In his role as a member of the Board during 2025, Mr. Carroll did not receive any compensation from the Company relating to his partial 2025 fiscal year service. However, in his role as President of International of the Company, Mr. Carroll received the following compensation from the Company for his 2025 fiscal year service:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **HUGH CARROLL COMPENSATION FOR 2025 FISCAL YEAR** | **HUGH CARROLL COMPENSATION FOR 2025 FISCAL YEAR** | **HUGH CARROLL COMPENSATION FOR 2025 FISCAL YEAR** | **HUGH CARROLL COMPENSATION FOR 2025 FISCAL YEAR** | **HUGH CARROLL COMPENSATION FOR 2025 FISCAL YEAR** | **HUGH CARROLL COMPENSATION FOR 2025 FISCAL YEAR** |
| **Salary ($)** | **Bonus ($)(i)** | **Grant Date Fair Value of Stock Awards ($)(ii)** | **Non-Equity Incentive Plan Compensation ($)** | **All Other Compensation ($)(iii)** | **Total ($)** |
| 488841 | 50200 | 504650 | 163922 | 6810 | 1214423 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) This amount includes a $50,000 retirement bonus paid pursuant to the Company's retirement program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) For compensation for his service as President of International during the 2025 fiscal year, Mr. Carroll received 2,667 service based restricted stock units, which were calculated by dividing $504,700 by the per share closing sales price of the Company's common stock on the Nasdaq Global Select Market on the trading day immediately preceding the date of the grant,

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with such quotient rounded up or down to the nearest share. These service-based restricted stock units were granted on July 2, 2025 and will vest on July 2, 2026 so long as Mr. Carroll is providing service to the Board, subject to the terms and conditions of the previously approved form of restricted stock unit agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) This amount includes payments made by the Company for life insurance premiums maintained for the benefit of Mr. Carroll during the 2025 fiscal year, and $2,619 paid to Mr. Carroll for a cellphone allowance during the 2025 fiscal year.

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**PRESENTATION OF PROPOSALS**

**PROPOSAL 1**

***ELECTION OF DIRECTORS***

The Company's Bylaws provide for not less than one and not more than 15 directors. At the Annual Meeting, we are electing nine directors to hold office until the Annual Meeting of Shareholders in 2027 and until a successor is elected and qualified. Although it is not anticipated that any of the nominees listed below will decline or be unable to serve, if that should occur, the proxy holders may, in their discretion, vote for a substitute nominee.

**Nominees for Election as Directors**

Set forth below are the Board members who will stand for re-election at the Annual Meeting, together with their age, all Company positions and offices they currently hold, and the year in which they joined the Board.

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| | | | |
|:---|:---|:---|:---|
| **NOMINEES FOR ELECTION AS DIRECTORS** | **NOMINEES FOR ELECTION AS DIRECTORS** | **NOMINEES FOR ELECTION AS DIRECTORS** | **NOMINEES FOR ELECTION AS DIRECTORS** |
|  |  | **Position or** | **Director** |
| &nbsp;&nbsp;**Name** | **Age** | **Office** | **Since** |
| &nbsp;&nbsp;Jane Grote Abell | 59 | Director | 2024 |
| &nbsp;&nbsp;Hugh J. Carroll | 69 | Director | 2025 |
| &nbsp;&nbsp;Michael A. Crawford | 58 | Director | 2020 |
| &nbsp;&nbsp;Donna E. Epps  | 62 | Director | 2021 |
| &nbsp;&nbsp;Elizabeth K. Ingram | 55 | Director | 2026 |
| &nbsp;&nbsp;Wayne L. Jones  | 67 | Director | 2023 |
| &nbsp;&nbsp;Gregory N. Moore  | 76 | Chairman of the Board; Director | 2005 |
| &nbsp;&nbsp;Gerald L. Morgan  | 65 | Chief Executive Officer; Executive Vice Chairman; Director  | 2021 |
| &nbsp;&nbsp;Curtis A. Warfield  | 58 | Director | 2018 |

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**Recommendation**

***THE BOARD RECOMMENDS THAT SHAREHOLDERS VOTE "FOR" THE ELECTION OF THE NOMINEES FOR THE DIRECTORS OF THE COMPANY SET FORTH ABOVE.***

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**PROPOSAL 2**

***RATIFICATION OF INDEPENDENT AUDITORS***

As more particularly described in this proxy statement, the Audit Committee is directly responsible for managing the Company's independent auditors, which includes, without limitation, (i) pre-approving all audit and permitted non-audit services provided by our independent auditors, and (ii) the appointment, compensation, retention and oversight of the Company's independent auditors. In connection with the Audit Committee's appointment of the Company's independent auditors, the Audit Committee evaluates the service level of the incumbent independent auditor on an annual basis, which includes criteria such as prior year quality of service, industry and technical expertise, independence, resource availability, and reasonableness and competitiveness of fees, as well as solicits the input of key management employees during its evaluation.

In connection with the same and pursuant to its charter, the Audit Committee has appointed the firm of KPMG LLP to serve as the independent auditors to audit the consolidated financial statements and the internal control over financial reporting of the Company for the fiscal year which ends on December 29, 2026. The Board and the Audit Committee jointly agree that the continued retention of KPMG LLP is in the best interest of the Company and its shareholders. Accordingly, a resolution will be presented at the Annual Meeting to ratify the appointment of KPMG LLP. If the shareholders fail to ratify the appointment of KPMG LLP, the Audit Committee will take this result into account when appointing an independent auditor for the 2026 fiscal year. Even if the appointment is ratified, the Audit Committee in its discretion may direct the appointment of a different independent registered public accounting firm as the Company's independent auditors at any time during the year if the Audit Committee believes that such a change would be in the best interests of the Company and its shareholders. One or more representatives of KPMG LLP are expected to be present at the Annual Meeting, will have the opportunity to make a statement if they desire to do so, and will be available to respond to appropriate questions.

**Fees Paid to the Independent Auditors**

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| | | |
|:---|:---|:---|
| **KPMG LLP FEES FOR FISCAL YEARS 2025 AND 2024** | **KPMG LLP FEES FOR FISCAL YEARS 2025 AND 2024** | **KPMG LLP FEES FOR FISCAL YEARS 2025 AND 2024** |
|  | **2025($)** | **2024($)** |
| &nbsp;&nbsp;Audit Fees | 1075000 | 1040280 |
| &nbsp;&nbsp;Audit-related Fees | 18000 | 17000 |
| &nbsp;&nbsp;Tax Fees | 19555 | 27137 |
| &nbsp;&nbsp;All Other Fees |  |  |
|  | 1112555 | 1084417 |

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*Audit Fees.* KPMG LLP charged $1,075,000 in fiscal year 2025 and $1,040,280 in fiscal year 2024 for audit fees. These include professional services in connection with the audit of the Company's annual consolidated financial statements and its internal control over financial reporting. They also include reviews of the Company's consolidated financial statements included in the Company's Quarterly and Annual Reports on Form 10-Q and Form 10-K and for services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal years shown. In addition, the fees for fiscal year 2024 contain $10,280 related to statutory audits. The fiscal year 2025 fees include $75,000 attributable to additional testing required for the implementation of our new gift card processor, new tax disclosure requirements, and franchise acquisitions activities. Finally, the fees for fiscal year 2024 contain $135,000 relating to the testing of general information technology and automated controls related to a human capital system implementation which the Company completed during fiscal 2024.

*Audit-related Fees.* KPMG LLP charged $18,000 in fiscal year 2025 and $17,000 in fiscal year 2024 for their consent to include the Company's annual consolidated financial statements in both of our franchise disclosure documents.

*Tax Fees.* KPMG LLP charged $19,555 in fiscal year 2025 and $27,137 in fiscal year 2024 for consulting and compliance services.

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*All Other Fees*. KPMG LLP did not charge any additional amounts during either fiscal year 2025 or fiscal year 2024.

**Pre-approval Policies and Procedures**

The Audit Committee pre-approved all audit, audit-related, and permissible non-audit services provided to the Company by KPMG LLP before management engaged the auditors for those purposes. The policy of the Audit Committee is to review all engagement letters for accounting firms for non-audit services.

**Recommendation**

***THE BOARD RECOMMENDS A VOTE "FOR" THE RATIFICATION OF KPMG LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE 2026 FISCAL YEAR.***

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**PROPOSAL 3**

***ADVISORY VOTE ON APPROVAL OF EXECUTIVE COMPENSATION***

The Board requests shareholder approval of the compensation of the Company's Named Executive Officers as described in the "Compensation Discussion and Analysis," the Executive Compensation section and the other related executive compensation tables and related discussions in this proxy statement. As an advisory vote, the outcome of the voting on this Proposal 3 is not binding upon the Company; however, the Compensation Committee, which is responsible for establishing and administering the Company's executive compensation program, values the opinions expressed by shareholders on this Proposal 3 and will consider the outcome of the vote when making future compensation decisions for the Company's executive officers. Additionally, the Compensation Committee invites shareholders to express any questions or concerns regarding the Company's compensation philosophy for our executive officers by correspondence addressed to Texas Roadhouse, Inc. Compensation Committee, 6040 Dutchmans Lane, Louisville, Kentucky 40205.

The objective of the Compensation Committee in setting and evaluating the compensation of our executive officers is to promote the sustained profitability of the Company. The compensation packages for our Named Executive Officers offer base salaries and target cash bonus amounts and feature restricted stock unit awards, the value of which is dependent upon the performance of the Company and the price of our common stock. Such packages for our Named Executive Officers are comprised of the following four main components (three of which are expressly tied to the performance of the Company):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Base Salary : An annual base salary for the term of the respective Executive Employment Agreements, with base salary increases being left to the discretion of the Compensation Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Incentive Based Cash Bonus : An annual short-term cash incentive with a target bonus based on the achievement of defined goals to be established by the Compensation Committee, with increases in the target bonus amount to be made at the discretion of the Compensation Committee during the term of the Executive Employment Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Service Based Restricted Stock Units : Restricted Stock Units which grant the Named Executive Officer the conditional right to receive shares of our common stock that vest after a defined period of service, the realized value of which shall be dependent on the performance of the Company upon the vesting of such restricted stock units; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Performance Based Restricted Stock Units : Restricted Stock Units that are calculated based on the achievement of certain Company performance targets established by the Compensation Committee and vest over a period of service, the realized value of which shall be dependent on the performance of the Company upon the vesting of such restricted stock units and the satisfaction of such performance targets.

In establishing the compensation for each Named Executive Officer, the Compensation Committee determines the amount of total direct compensation for each respective Named Executive Officer for any given fiscal year and then allocates the amount attributable to each compensation component (i.e., base salary, target bonus, and equity) based on the percentages shown in the graphs below in the "Elements of Compensation" section. Additionally, to the extent an Named Executive Officer is granted performance based restricted stock units, then with respect to the total equity granted to each Named Executive Officer for any given year, the Compensation Committee provides that 50% of the total dollar amount attributable to the equity component of the applicable Named Executive Officer's compensation will be directed to service based restricted stock units and the remaining 50% of such total dollar amount will be directed to performance based restricted stock units.

The Compensation Committee evaluates the stock compensation for each specific Named Executive Officer on an annual basis to determine the right combination of rewards and incentives (in alignment with their pay philosophy and objectives described in this proxy statement) through the issuance of service based restricted stock units and/or performance based restricted stock units to drive company performance without

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encouraging unnecessary or excessive risk taking by all of the Named Executive Officers as a whole. Under this approach, the Named Executive Officers receive a combination of service based restricted stock units and performance based restricted stock units. Additionally and by conditioning a significant portion of the Named Executive Officer's performance based restricted stock unit grants upon the achievement of defined performance goals to be established by the Compensation Committee, combined with the stock ownership guidelines for our Named Executive Officers more particularly described above, we have created a more direct relationship between compensation and shareholder value. Moreover, by giving the Compensation Committee the discretion to grant certain stock awards (if any) in its discretion to our Named Executive Officers under the Executive Employment Agreements, the Compensation Committee has the opportunity to adjust a significant portion of the total compensation for the Named Executive Officers on an annual basis to more accurately reflect the overall performance of the Company, which may include the issuance of service based restricted stock units and/or performance based restricted stock units. Overall, we believe this approach provides the Named Executive Officers with a compensation package which promotes the sustained profitability of the Company and aligns the interests of our Named Executive Officers with those of our shareholders. The compensation packages also reflect a pragmatic response to external market conditions; that is, total compensation that is competitive with comparable positions in similar industries, including the casual dining sector of the restaurant industry, but which is reasonable and in the best interests of our shareholders.

This structure, along with the culture and values of our Company, allows the Company to attract and retain top talent, while also encouraging our Named Executive Officers to keep their focus on both long-term business development and short-term financial growth.

Finally, at Texas Roadhouse, we value our shareholders' feedback and solicit investor views throughout the year in connection with the Company's ongoing engagement program. The investor input received is critical to how the Board and the management team make decisions on a variety of corporate governance practices, including the Company's executive compensation program. In deciding to continue and/or modify many of our existing executive compensation practices, our Compensation Committee considered that the holders of approximately 94% of the votes cast at our 2025 annual meeting on an advisory basis approved the compensation of our Named Executive Officers as disclosed in the proxy statement for the 2025 annual meeting. Additionally, as more particularly described in this proxy statement, based on the feedback received from our shareholders, the recommendations of our third-party compensation consultant, and the Compensation Committee's review of the market data provided to it, the Compensation Committee has taken the following actions when establishing executive compensation for our Named Executive Officers during the 2025 fiscal year and the 2026 fiscal year (as applicable): (A) approved the new Executive Employment Agreements, (B) increased certain portions of compensation elements for each Named Executive Officer to align with peer company benchmarking, (C) shifted the compensation percentage breakdown of the various compensation components for each Named Executive Officer to align with peer company benchmarking, (D) extended the length of the applicable performance periods for certain performance based restricted stock units granted to our Named Executive Officers, (E) modified the manner and rationale in which separation payments are paid to Named Executive Officers pursuant to the Executive Employment Agreements, and (F) modified the bonus metrics utilized by the Compensation Committee for the 2026 fiscal year to operational goals that further align the Named Executive Officers with operational goals and performance of the Company.

**Recommendation**

***THE BOARD RECOMMENDS THAT SHAREHOLDERS VOTE "FOR" THE EXECUTIVE COMPENSATION DETAILED IN THIS PROXY STATEMENT.***

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[**Table of Contents**](#TOC)

**SHAREHOLDER PROPOSALS**

Under Rule 14a-8 promulgated under the Exchange Act, shareholders may present proposals to be included in the Company proxy statement for consideration at the next annual meeting of its shareholders by submitting their proposals to the Company in a timely manner. Any such proposal must comply with Rule 14a-8. If a shareholder submitting a matter to be raised at the Company's next annual meeting desires that such matter be included in the Company's proxy statement for that meeting, such matter must be submitted to the Company no later than December 11, 2026. The rules of the SEC set forth standards for what shareholder proposals the Company is required to include in a proxy statement for an annual meeting.

The Company's Bylaws, a copy of which is available on the Company's website at *www.texasroadhouse.com,* require shareholders who intend to propose business for consideration by shareholders at the 2027 annual meeting, other than shareholder proposals that are to be included in the proxy statement, to deliver written notice to the principal executive offices of the Company on or before December 11, 2026 (reflecting 120 calendar days prior to the one year anniversary of the date of the Company's proxy statement issued in connection with the prior year's annual meeting). This notice must include a description of the business desired to be brought before the annual meeting, the name and address of the shareholder proposing such business and of the beneficial owner, if any, on whose behalf the business is being brought, the class, series and number of shares of the Company which are beneficially owned by the shareholder and such other beneficial owner and any material interest of the shareholder and such other beneficial owner in such business. In addition, the Bylaws require shareholders who intend to nominate a candidate for election as a director to deliver written notice to the principal executive offices of the Company on or before December 11, 2026 (reflecting 120 day calendar days prior to the one year anniversary of the date of the Company's proxy statement issued in connection with the prior year's annual meeting). The notice of nomination must include the information set forth in the Bylaws for the candidate to be eligible for nomination. Shareholders who intend to solicit proxies in reliance on the SEC's universal proxy rule for director nominees submitted under the advance notice requirements of our Bylaws must comply with the additional requirements of Rule 14a-19, and, in accordance with the Bylaws, must provide the Company with proof of compliance with the requirements of Rule 14a-19 by no later than five (5) business days prior to the date of the annual meeting, unless the meeting is adjourned or postponed.

The Exchange Act rules permit management to vote proxies in its discretion in certain cases if the shareholder does not comply with these deadlines, and in certain other cases notwithstanding the shareholder's compliance with these deadlines.

**SHAREHOLDERS' COMMUNICATIONS WITH THE BOARD**

Shareholders that want to communicate in writing with the Board, or specific directors individually, may send proposed communications to the Company's Corporate Secretary, Christopher C. Colson, at 6040 Dutchmans Lane, Louisville, Kentucky 40205. The proposed communication will be reviewed by Mr. Colson and/or by the audit committee (as appropriate). If the communication is appropriate and serves to advance or improve the Company or its performance, then it will be forwarded to the Board or the appropriate director.

**FORM 10-K**

The Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025, accompanies this proxy statement. The Company's Annual Report does not form any part of the material for solicitation of proxies.

**Any shareholder who wishes to obtain, without charge, a copy of the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2025, which includes financial statements, and is required to be filed with the SEC, may access it at *www.texasroadhouse.com* in the Investors section or may send a written request to Christopher C. Colson, Corporate Secretary Texas Roadhouse, Inc., 6040 Dutchmans Lane, Louisville, Kentucky 40205.**

[**Table of Contents**](#TOC)

**OTHER BUSINESS**

The Board is not aware of any other matters to be presented at the Annual Meeting other than those set forth herein and routine matters incident to the conduct of the meeting. If any other matters should properly come before the Annual Meeting or any adjournment or postponement thereof, the persons named in the proxy statement, or their substitutes, intend to vote on such matters in accordance with their best judgment.

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| By Order of the Board of Directors, |
| ![Graphic](txrh-20260521xdef14a_a014.jpg) |
| Christopher C. Colson |
| *Corporate Secretary* |

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Louisville, Kentucky

April 10, 2026

*Please vote your shares through any of the methods described on the proxy card as promptly as possible, whether you plan to attend the Annual Meeting in person. If you do attend the Annual Meeting, you may still vote in person, since the proxy may be revoked at any time before its exercise by delivering a written revocation of the proxy to the Company's Corporate Secretary.*

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| &nbsp;&nbsp;![GRAPHIC](txrh-20260521xdef14a_bg001.jpg) | &nbsp;&nbsp;01 - Jane Grote Abell 02 - Hugh J. Carroll 03 - Michael A. Crawford 04 - Donna E. Epps 05 - Elizabeth K. Ingram 06 - Wayne L. Jones 07 - Gregory N. Moore 08 - Gerald L. Morgan 1UPX For Against Abstain For Against Abstain For Against Abstain 09 - Curtis A. Warfield A Proposals — The Board of Directors recommends a vote FOR all the nominees listed. 048NBC 1. Election of Directors: Please sign exactly as name(s) appears hereon. Joint owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title. Date (mm/dd/yyyy) — Please print date below. Signature 1 — Please keep signature within the box. Signature 2 — Please keep signature within the box. B Authorized Signatures — This section must be completed for your vote to count. Please date and sign below. 2026 Annual Meeting Proxy Card Using a black ink pen, mark your votes with an X as shown in this example. Please do not write outside the designated areas. T IF VOTING BY MAIL, SIGN, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.T The Board of Directors recommends a vote FOR Proposals 2 and 3. 2. Proposal to Ratify the Appointment of KPMG LLP as Texas Roadhouse's Independent Auditors for 2026 3. Say on Pay – An Advisory Vote on the Approval of Executive Compensation For Against Abstain You may vote online or by phone instead of mailing this card. Online Go to www.investorvote.com/TXRH or scan the QR code — login details are located in the shaded bar below. Your vote matters – here's how to vote! Votes submitted electronically must be received by May 21, 2026 at 1:00 a.m., EST Save paper, time and money! Sign up for electronic delivery at www.investorvote.com/TXRH Phone Call toll free 1-800-652-VOTE (8683) within the USA, US territories and Canada |

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| &nbsp;&nbsp;![GRAPHIC](txrh-20260521xdef14a_bg002.jpg) | &nbsp;&nbsp;Small steps make an impact. Help the environment by consenting to receive electronic delivery, sign up at www.investorvote.com/TXRH Notice of 2026 Annual Meeting of Shareholders Proxy Solicited by Board of Directors for Annual Meeting — May 21, 2026 Christopher C. Colson and Michael S. Lenihan, or any of them, each with the power of substitution, are hereby authorized to represent and vote the shares of the undersigned, with all the powers which the undersigned would possess if personally present, at the Annual Meeting of Shareholders of Texas Roadhouse, Inc. to be held on May 21, 2026 or at any postponement or adjournment thereof. Shares represented by this proxy will be voted as directed by the shareholder. If no such directions are indicated, the Proxies will have authority to vote FOR the election of the nominees named in Proposal 1 to the Board of Directors, and FOR Proposals 2 and 3. In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the meeting. (Items to be voted appear on reverse side) Texas Roadhouse, Inc. C Non-Voting Items T IF VOTING BY MAIL, SIGN, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.T Change of Address — Please print new address below. 2026 Annual Meeting of Shareholders of Texas Roadhouse, Inc. Thursday, May 21, 2026, 9:00 a.m. EST Texas Roadhouse Support Center 6040 Dutchmans Lane, Louisville, KY 40205 |

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| &nbsp;&nbsp;![GRAPHIC](txrh-20260521xdef14a_cg001.jpg) | &nbsp;&nbsp;01 - Jane Grote Abell 02 - Hugh J. Carroll 03 - Michael A. Crawford 1UPX For Against Abstain For Against Abstain For Against Abstain 04 - Donna E. Epps 05 - Elizabeth K. Ingram 06 - Wayne L. Jones 07 - Gregory N. Moore 08 - Gerald L. Morgan 09 - Curtis A. Warfield A Proposals — The Board of Directors recommends a vote FOR all the nominees listed. 048NCB 1. Election of Directors: Please sign exactly as name(s) appears hereon. Joint owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title. Date (mm/dd/yyyy) — Please print date below. Signature 1 — Please keep signature within the box. Signature 2 — Please keep signature within the box. B Authorized Signatures — This section must be completed for your vote to count. Please date and sign below. 2026 Annual Meeting Proxy Card Using a black ink pen, mark your votes with an X as shown in this example. Please do not write outside the designated areas. T IF VOTING BY MAIL, SIGN, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.T The Board of Directors recommends a vote FOR Proposals 2 and 3. 2. Proposal to Ratify the Appointment of KPMG LLP as Texas Roadhouse's Independent Auditors for 2026 3. Say on Pay – An Advisory Vote on the Approval of Executive Compensation For Against Abstain |

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| &nbsp;&nbsp;![GRAPHIC](txrh-20260521xdef14a_cg002.jpg) | &nbsp;&nbsp;Texas Roadhouse, Inc. T IF VOTING BY MAIL, SIGN, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.T Notice of 2026 Annual Meeting of Shareholders Proxy Solicited by Board of Directors for Annual Meeting — May 21, 2026 Christopher C. Colson and Michael S. Lenihan, or any of them, each with the power of substitution, are hereby authorized to represent and vote the shares of the undersigned, with all the powers which the undersigned would possess if personally present, at the Annual Meeting of Shareholders of Texas Roadhouse, Inc. to be held on May 21, 2026 or at any postponement or adjournment thereof. Shares represented by this proxy will be voted as directed by the shareholder. If no such directions are indicated, the Proxies will have authority to vote FOR the election of the nominees named in Proposal 1 to the Board of Directors, and FOR Proposals 2 and 3. In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the meeting. (Items to be voted appear on reverse side) 2026 Annual Meeting of Shareholders of Texas Roadhouse, Inc. Thursday, May 21, 2026, 9:00 a.m. EST Texas Roadhouse Support Center 6040 Dutchmans Lane, Louisville, KY 40205 |

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