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| | | | 51 | | | |
| | | | 51 | | | |
| | | | 51 | | |
Director Nominees
|
| |
Class
|
| |
Age
|
| |
Position
|
| |
Year
Elected to Current Term |
| |
Current
Term Expiration |
| |
Expiration of
Term for which Nominated |
| ||||||||||||
Daniel Meyer | | |
I
|
| | | | 64 | | | |
Chairman of the
Board of Directors |
| | | | 2019 | | | | | | 2022 | | | | | | 2025 | | |
Anna Fieler(1)
|
| |
I
|
| | | | 50 | | | |
Director
|
| | | | 2019 | | | | | | 2022 | | | | | | 2025 | | |
Jeff Flug(2)
|
| |
I
|
| | | | 59 | | | |
Director
|
| | | | 2019 | | | | | | 2022 | | | | | | 2025 | | |
Continuing Directors | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Randy Garutti | | |
II
|
| | | | 47 | | | |
Chief Executive Officer
and Director |
| | | | 2020 | | | | | | 2023 | | | | | | - | | |
Joshua Silverman(3)
|
| |
II
|
| | | | 53 | | | |
Director
|
| | | | 2020 | | | | | | 2023 | | | | | | - | | |
Jonathan D. Sokoloff(1)
|
| |
II
|
| | | | 64 | | | |
Director
|
| | | | 2020 | | | | | | 2023 | | | | | | - | | |
Tristan Walker(4)
|
| |
II
|
| | | | 37 | | | |
Director
|
| | | | 2020 | | | | | | 2023 | | | | | | - | | |
Sumaiya Balbale(5)
|
| |
III
|
| | | | 41 | | | |
Director
|
| | | | 2021 | | | | | | 2024 | | | | | | - | | |
Jenna Lyons(6)
|
| |
III
|
| | | | 53 | | | |
Director
|
| | | | 2021 | | | | | | 2024 | | | | | | - | | |
Robert Vivian(7)
|
| |
III
|
| | | | 63 | | | |
Director
|
| | | | 2021 | | | | | | 2024 | | | | | | - | | |
| |
The Board of Directors recommends a vote FOR the election of each of the nominated directors.
|
| |
Name
|
| |
Fees paid in cash ($)(1)
|
| |
Restricted Stock Units ($)(2)(3)
|
| |
Total ($)
|
| |||||||||
Daniel Meyer | | | | | 15,625 | | | | | | 25,075 | | | | | | 40,700 | | |
Sumaiya Balbale | | | | | 21,250 | | | | | | 42,518 | | | | | | 63,768 | | |
Anna Fieler | | | | | 18,750 | | | | | | 37,563 | | | | | | 56,313 | | |
Jeff Flug | | | | | 21,250 | | | | | | 42,518 | | | | | | 63,768 | | |
Jenna Lyons | | | | | 18,750 | | | | | | 37,563 | | | | | | 56,313 | | |
Joshua Silverman | | | | | 18,750 | | | | | | 37,563 | | | | | | 56,313 | | |
Jonathan D. Sokoloff | | | | | 18,750 | | | | | | 37,563 | | | | | | 56,313 | | |
Robert Vivian | | | | | 21,250 | | | | | | 42,518 | | | | | | 63,768 | | |
Tristan Walker | | | | | 18,750 | | | | | | 37,563 | | | | | | 56,313 | | |
| | |
2021
|
| |
2020
|
| ||||||
Audit Fees(1) | | | | $ | 1,473,169 | | | | | $ | 1,303,638 | | |
Audit Related Fees(2) | | | | | 24,000 | | | | | | - | | |
Tax Fees(3) | | | | | 27,500 | | | | | | - | | |
All Other Fees(4) | | | | | 126,000 | | | | | | 126,000 | | |
Total Fees | | | | $ | 1,650,669 | | | | | $ | 1,429,638 | | |
| |
The Board of Directors recommends a vote FOR the ratification of the appointment of
Ernst & Young LLP. |
| |
| |
The Board of Directors recommends a vote FOR the approval, on an advisory basis, of the
compensation of the Named Executive Officers as disclosed in this Proxy Statement. |
| |
| | |
Shares of Class A Common
Stock Beneficially Owned |
| |
Shares of Class B Common
Stock Beneficially Owned |
| |
Combined
Voting Power(1) |
| |||||||||||||||||||||
Name of Beneficial Owner
|
| |
Number
|
| |
Percentage
|
| |
Number
|
| |
Percentage
|
| ||||||||||||||||||
Named Executive Officers and Directors
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Daniel Meyer(2)
|
| | | | 1,871,908 | | | | | | 4.8% | | | | | | 1,861,057 | | | | | | 63.9% | | | | | | 8.9% | | |
Randy Garutti(3)
|
| | | | 46,255 | | | | | | * | | | | | | 310,023 | | | | | | 10.6% | | | | | | * | | |
Katherine Fogertey
|
| | | | — | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Tara Comonte(4)
|
| | | | 5,466 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Zachary Koff(5)
|
| | | | 36,129 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Sumaiya Balbale(6)
|
| | | | 2,646 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Anna Fieler(7)
|
| | | | 3,412 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Jeff Flug(8)
|
| | | | 7,824 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Jenna Lyons(9)
|
| | | | 9,612 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Joshua Silverman(10)
|
| | | | 5,079 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Jonathan D. Sokoloff(11)
|
| | | | 13,520 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Robert Vivian(12)
|
| | | | 30,761 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Tristan Walker(13)
|
| | | | 1,732 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
All directors and executive officers as a group (thirteen persons)
|
| | | | 2,034,344 | | | | | | 5.2% | | | | | | 2,171,080 | | | | | | 74.5% | | | | | | 10.0% | | |
Other 5% Stockholders | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12 West Capital Management LP(14)
|
| | | | 1,791,589 | | | | | | 4.6% | | | | | | — | | | | | | — | | | | | | 4.3% | | |
Alger Associates, Inc.(15)
|
| | | | 3,640,306 | | | | | | 9.3% | | | | | | — | | | | | | — | | | | | | 8.6% | | |
BlackRock, Inc.(16)
|
| | | | 6,662,315 | | | | | | 17.0% | | | | | | — | | | | | | — | | | | | | 15.8% | | |
Gilder, Gagnon, Howe & Co. LLC(17)
|
| | | | 2,650,672 | | | | | | 6.8% | | | | | | — | | | | | | — | | | | | | 6.3% | | |
The Vanguard Group(18)
|
| | | | 3,918,558 | | | | | | 10.0% | | | | | | — | | | | | | — | | | | | | 9.3% | | |
Name
|
| |
Age
|
| |
Position
|
|
Randy Garutti | | | 47 | | | Chief Executive Officer and Director | |
Katherine Fogertey | | | 38 | | | Chief Financial Officer (since June 14, 2021) | |
Zachary Koff | | | 42 | | | Chief Operating Officer | |
NEO
|
| |
Title
|
|
Randy Garutti | | | Chief Executive Officer | |
Katherine Fogertey | | | Chief Financial Officer (since June 14, 2021) | |
Zachary Koff | | | Chief Operating Officer | |
Tara Comonte | | | President and Chief Financial Officer (through May 7, 2021) | |
| |
Element
|
| | |
How It’s Paid
|
| | |
Purpose
|
| |
| | Base Salary | | | |
Cash
(Fixed) |
| | |
Provides a competitive fixed rate of pay relative to similar positions in the market, and enables the Company to attract and retain critical executive talent
|
| |
| |
Short-Term Cash Incentive
|
| | |
Cash
(Variable) |
| | |
Focuses executives on achieving short-term financial and annual goals that drive long-term stockholder value
|
| |
| | Long-Term Incentives | | | |
Mix of Equity
(Variable) |
| | |
Provides incentives for executives to execute on longer-term financial/strategic growth goals that drive stockholder value creation and support the Company’s leadership retention objectives
|
| |
| |
2021 Peer Group
|
| | ||||
| |
Canada Goose Holdings Inc.
|
| | |
Ruth’s Hospitality Group, Inc.
|
| |
| |
Churchill Downs Incorporated
|
| | |
Texas Roadhouse, Inc.
|
| |
| |
Del Taco Restaurants, Inc.
|
| | |
The Cheesecake Factory Incorporated
|
| |
| |
Etsy, Inc.
|
| | |
Vail Resorts, Inc.
|
| |
| |
Floor & Décor Holdings, Inc.
|
| | |
Wingstop Inc.
|
| |
| |
Grubhub Inc.
|
| | |
YETI Holdings, Inc.
|
| |
| |
Planet Fitness, Inc.
|
| | | | | |
| |
Peer Data ($M)(1)
|
| | |||||||||||||||||||||
| | | | | |
Total Revenue
|
| | |
Enterprise
Value |
| | |
Market
Cap |
| | |||||||||
| |
Median
|
| | | | $ | 1,504 | | | | | | $ | 7,190 | | | | | | $ | 7,260 | | | |
| |
SHAK
|
| | | | $ | 739 | | | | | | $ | 3,330 | | | | | | $ | 3,040 | | | |
| |
Estimated Percentile Rank of SHAK within Peer Group
|
| | | | | 38th | | | | | | | 21st | | | | | | | 29th | | | |
NEO
|
| |
2020 Base Pay
|
| |
2021 Base Pay
|
| |
% Change
|
| |||||||||
Randy Garutti | | | | $ | 630,250 | | | | | $ | 630,250 | | | | | | 0% | | |
Katherine Fogertey | | | | $ | — | | | | | $ | 450,000 | | | | | | * | | |
Zachary Koff | | | | $ | 315,000 | | | | | $ | 330,750 | | | | | | 5% | | |
Tara Comonte | | | | $ | 550,700 | | | | | $ | 578,235 | | | | | | 5% | | |
| | |
Target Cash Award Opportunity (as % of Base Salary)
|
| |||||||||||||||
NEO
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||
Randy Garutti | | | | | 0% | | | | | | 75% | | | | | | 150% | | |
Katherine Fogertey | | | | | 0% | | | | | | 50% | | | | | | 100% | | |
Zachary Koff | | | | | 0% | | | | | | 35% | | | | | | 58.45% | | |
Tara Comonte | | | | | 0% | | | | | | 50% | | | | | | 100% | | |
| | |
Weighting
|
| |||||||||
Performance Metrics
|
| |
CEO, CFO and
Former President and CFO |
| |
COO
|
| ||||||
Quarter Total Revenue vs Budget* | | | | | 50% | | | | | | 40% | | |
Quarter Adjusted EBITDA vs Budget** | | | | | 50% | | | | | | 40% | | |
Annual Individual Performance (Individual Performance and Goal Achievement)
|
| | | | 0% | | | | | | 20% | | |
|
Financial Performance Metric
|
| |
Range of Performance Achievement
|
| |||||||||||||||
|
Threshold
|
| |
Target
|
| |
Maximum
|
| ||||||||||||
| Total Revenue | | | | | 90% | | | | | | 100% | | | | | | 105% | | |
| Adjusted EBITDA | | | | | 90% | | | | | | 100% | | | | | | 115% | | |
| | |
Q1(1)
|
| |
Q2(2)
|
| |
Q3(3)
|
| |
Q4(4)
|
| ||||||||||||||||||||||||||||||||||||
Financial
Performance Metric |
| |
Target
Performance Goal |
| |
Actual
Achievement |
| |
Target
Performance Goal |
| |
Actual
Achievement |
| |
Target
Performance Goal |
| |
Actual
Achievement |
| |
Target
Performance Goal |
| |
Actual
Achievement |
| ||||||||||||||||||||||||
Total Revenue | | | | $ | 156,924,000 | | | | | | 98.95% | | | | | $ | 181,455,000 | | | | | | 103.31% | | | | | $ | 201,120,601 | | | | | | 96.41% | | | | | $ | 191,855,000 | | | | | | 105.94% | | |
Adjusted EBITDA | | | | $ | 10,157,000 | | | | | | 97.77% | | | | | $ | 15,873,000 | | | | | | 147.39% | | | | | $ | 18,387,163 | | | | | | 95.71% | | | | | $ | 9,749,000 | | | | | | 171.29% | | |
|
NEO
|
| |
Target
Annual Award (% of Base Salary) |
| |
Target
Annual Incentive Value ($) |
| |
Total
Payout Based on Financial Performance Actual Achievement |
| |
Total
Payout Based on Individual Performance Actual Achievement |
| |
Total
Award Payout Value |
| |||||||||||||||
| Randy Garutti | | | | | 75% | | | | | $ | 472,688 | | | | | | 131.8% | | | | | | * | | | | | $ | 623,103 | | |
| Katherine Fogertey | | | | | 50% | | | | | $ | 123,008 | | | | | | 134.8% | | | | | | * | | | | | $ | 165,824 | | |
| Zachary Koff | | | | | 35% | | | | | $ | 114,912 | | | | | | 117% | | | | | | 100% | | | | | $ | 130,503 | | |
| Tara Comonte | | | | | 50% | | | | | $ | 70,161 | | | | | | 83.6% | | | | | | * | | | | | $ | 58,650 | | |
Performance Metrics
|
| |
Weighting
|
| |||
Total Revenue* | | | | | 50% | | |
Adjusted EBITDA** | | | | | 50% | | |
|
Financial
Performance Metric |
| |
Target
Performance Goal ($) |
| |
Range of Performance Achievement
|
| |
Actual % of
Achievement |
| |
Actual %
of Payout |
| ||||||||||||||||||||||||
|
Threshold
|
| |
Target
|
| |
Maximum
|
| ||||||||||||||||||||||||||||||
| Total Revenue | | | | $ | 720,431,894 | | | | | | 95% | | | | | | 100% | | | | | | 105% | | | | | | 102.7% | | | | | | 113.51% | | |
| Adjusted EBITDA | | | | $ | 60,999,687 | | | | | | 95% | | | | | | 100% | | | | | | 120% | | | | | | 110.7% | | | | | | 113.38% | | |
| Total Payout | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 113.44% | | |
| | |
Target PSUs Granted for 2021
|
| |
Actual PSUs Earned for 2021
|
| ||||||||||||
NEO
|
| |
PSUs (#)
|
| |
PSUs ($)
|
| |
PSUs (#)
|
| |||||||||
Randy Garutti | | | | | 11,568 | | | | | $ | 1,500,138 | | | | | | 13,124 | | |
Zachary Koff | | | | | 3,471 | | | | | $ | 450,119 | | | | | | 3,935 | | |
Tara Comonte | | | | | 5,206 | | | | | $ | 675,114 | | | | | | 0 | | |
Performance Metrics
|
| |
Weighting
|
| |||
Total Revenue* | | | | | 50% | | |
Adjusted EBITDA** | | | | | 50% | | |
|
Named Executive
Officer and Principal Position |
| |
Year
|
| |
Salary
($)(1) |
| |
Bonus
($)(2) |
| |
Stock
Awards ($)(3) |
| |
Option
Awards ($)(4) |
| |
Non-Equity
Incentive Plan Compensation ($)(5) |
| |
Nonqualified
Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($)(6) |
| |
Total
($) |
| |||||||||||||||||||||||||||
|
Randy Garutti
Chief Executive Officer |
| | | | 2021 | | | | | | 630,250 | | | | | | — | | | | | | 3,549,992 | | | | | | — | | | | | | 623,103 | | | | | | — | | | | | | 663,217 | | | | | | 5,466,562 | | |
| | | 2020 | | | | | | 611,552 | | | | | | 30,000 | | | | | | 1,500,013 | | | | | | — | | | | | | 94,538 | | | | | | — | | | | | | 494,684 | | | | | | 2,730,786 | | | |||
| | | 2019 | | | | | | 600,233 | | | | | | — | | | | | | 787,506 | | | | | | — | | | | | | 706,527 | | | | | | — | | | | | | 221,650 | | | | | | 2,315,916 | | | |||
|
Katherine Fogertey
Chief Financial Officer |
| | | | 2021 | | | | | | 238,846 | | | | | | — | | | | | | 2,650,010 | | | | | | — | | | | | | 165,824 | | | | | | — | | | | | | 1,015 | | | | | | 3,055,695 | | |
|
Zachary Koff
Chief Operating Officer |
| | | | 2021 | | | | | | 328,024 | | | | | | — | | | | | | 1,350,071 | | | | | | — | | | | | | 130,503 | | | | | | — | | | | | | 1,977 | | | | | | 1,810,576 | | |
| | | 2020 | | | | | | 305,655 | | | | | | 15,000 | | | | | | 400,056 | | | | | | — | | | | | | 37,050 | | | | | | — | | | | | | 1,631 | | | | | | 743,342 | | | |||
| | | 2019 | | | | | | 300,000 | | | | | | — | | | | | | 420,034 | | | | | | — | | | | | | 135,074 | | | | | | — | | | | | | 1,631 | | | | | | 856,738 | | | |||
|
Tara Comonte
Former President, Chief Financial Officer |
| | | | 2021 | | | | | | 210,960 | | | | | | — | | | | | | 1,550,169 | | | | | | 100,046 | | | | | | 58,650 | | | | | | — | | | | | | 3,933 | | | | | | 1,923,758 | | |
| | | 2020 | | | | | | 534,362 | | | | | | 30,000 | | | | | | 1,100,038 | | | | | | 100,014 | | | | | | 55,070 | | | | | | — | | | | | | 9,440 | | | | | | 1,828,924 | | | |||
| | | 2019 | | | | | | 524,475 | | | | | | — | | | | | | 1,025,046 | | | | | | 100,000 | | | | | | 400,930 | | | | | | — | | | | | | 8,933 | | | | | | 2,059,383 | | |
| | | | | | | | | | | | | | |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards |
| |
All
Other Stock Awards: Number of Shares of Stock or Units |
| |
All
Other Option Awards: Number of Securities Underlying Options |
| |
Exercise
or Base Price of Option Awards |
| |
Grant
Date Fair Value of Stock and Option Awards |
| ||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | |
Grant
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||||||||||||||||||||||||||||||||||||||
Named
Executive Officer |
| |
Type
|
| |
Date
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
(#)(1)
|
| |
(#)(1)
|
| |
(#)(1)
|
| |
(#)(2)
|
| |
(#)(2)
|
| |
($/Sh)
|
| |
($)(2)
|
| ||||||||||||||||||||||||||||||||||||
Randy Garutti
|
| | | |
Cash Incentive |
| | | | | 12/31/2020 | | | | |
|
—
|
| | | | | 472,688 | | | | | | 945,376 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | — | | |
| | | | | RSUs | | | | | | 3/15/2021 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,784 | | | | | | — | | | | |
|
—
|
| | | | | 750,069 | | |
| | | | | PSUs | | | | | | 3/15/2021 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | 11,568 | | | | | | 14,460 | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | 1,500,139 | | |
| | | | | PSUs | | | | | | 11/15/2021 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | 17,701 | | | | | | 35,402 | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | 1,299,784 | | |
Katherine
Fogertey |
| | | |
Cash Incentive |
| | | | | 6/14/2021 | | | | |
|
—
|
| | | | | 123,008 | | | | | | 246,016 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | — | | |
| | | | | RSUs | | | | | | 7/15/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,497 | | | | | | — | | | | |
|
—
|
| | | | | 2,000,081 | | |
| | | | | PSUs | | | | | | 11/15/2021 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | 8,851 | | | | | | 17,702 | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | 649,929 | | |
Zachary Koff
|
| | | |
Cash Incentive |
| | | | | 12/31/2020 | | | | |
|
—
|
| | | | | 114,912 | | | | | | 191,902 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | — | | |
| | | | | RSUs | | | | | | 3/15/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,928 | | | | | | — | | | | |
|
—
|
| | | | | 250,023 | | |
| | | | | PSUs | | | | | | 3/15/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,471 | | | | | | 4,339 | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | 450,119 | | |
| | | | | PSUs | | | | | | 11/15/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,851 | | | | | | 17,702 | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | 649,929 | | |
Tara
Comonte |
| | | |
Cash Incentive |
| | | | | 12/31/2020 | | | | |
|
—
|
| | | | | 70,161 | | | | | | 140,322 | | | | |
|
—
|
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | — | | |
| | | | | RSUs | | | | | | 1/4/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,066 | | | | | | — | | | | |
|
—
|
| | | | | 500,020 | | |
| | | | | RSUs | | | | | | 3/15/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,892 | | | | | | — | | | | |
|
—
|
| | | | | 375,035 | | |
| | | | | PSUs | | | | | | 3/15/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,206 | | | | | | 6,508 | | | | | | — | | | | | | — | | | | |
|
—
|
| | | | | 675,114 | | |
| | | | | Options | | | | | | 3/22/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,698 | | | | | | 58.92 | | | | | | 100,046 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| |||||||||||||||||||||||||||||||||||||||
Named Executive
Officer |
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(1) |
| |
Number of
Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Market or
Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| |||||||||||||||||||||
Randy Garutti | | | | | | | | | | | | | | | | | | | | | | | | | | 23,230 | | | | | | 1,628,655(2) | | | | | | 29,269 | | | | | | 2,052,050(3) | | |
Katherine Fogertey | | | | | | | | |
|
| | | | | | | | | | | | | | | | 21,497 | | | | | | 1,507,155(4) | | | | | | 8,851 | | | | | | 620,544(5) | | |
Zachary Koff | | | | | 24,000 | | | | | | | | | 21.00 | | | | | | 1/29/2025 | | | | | | 8,609 | | | | | | 603,577(6) | | | | | | 12,322 | | | | | | 863,895(7) | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Named Executive Officer
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value
Realized on Exercise ($) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($) |
| ||||||||||||
Randy Garutti | | | | | 285,000 | | | | | | 27,429,430 | | | | | | 8,992 | | | | | | 1,004,373 | | |
Zachary Koff | | | | | 7,300 | | | | | | 511,000 | | | | | | 3,736 | | | | | | 416,598 | | |
Tara Comonte | | | | | 2,999 | | | | | | 175,402 | | | | | | 10,073 | | | | | | 985,196 | | |
Named Executive
Officer |
| |
Named
Executive Officer Contributions In Fiscal 2021($) |
| |
Registrant
Contributions inFiscal 2021 ($) |
| |
Aggregate
Earnings inFiscal 2021 ($) |
| |
Aggregate
Withdrawals/ Distributions ($) |
| |
Aggregate
Balance at December 29, 2021($) |
| |||||||||||||||
Randy Garutti | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Tara Comonte | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Zachary Koff | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| |
Potential Payments Upon Termination without Cause or Resignation with Good Reason(1)
|
| | |||||||||||||||||||||
| |
Compensation Element
|
| | |
Mr. Garutti(2)
|
| | |
Ms. Fogertey
|
| | |
Mr. Koff
|
| | |||||||||
| | Accrued and Unpaid Salary and Other Benefits ($) | | | | | | 44,805 | | | | | | | 15,049 | | | | | | | 30,571 | | | |
| | Short-Term Bonus ($) | | | | | | 118,172 | | | | | | | 56,250 | | | | | | | 23,153 | | | |
| | Salary through Employment Term ($) | | | | | | 945,375 | | | | | | | 112,500 | | | | | | | 330,750 | | | |
| |
Total Cash Payments ($)
|
| | | | | 1,108,352 | | | | | | | 183,799 | | | | | | | 384,474 | | | |
| |
Acceleration of Unvested Equity Awards ($)(3)
|
| | | | | 1,601,593 | | | | | | | — | | | | | | | 223,725 | | | |
| |
COBRA ($)
|
| | | | | 22,910 | | | | | | | — | | | | | | | 23,182 | | | |
| |
TOTAL
|
| | | | | 2,732,855 | | | | | | | 183,799 | | | | | | | 631,381 | | | |
| |
Potential Payments Upon Termination Due to Death or Disability(4)
|
| | |||||||||||||||||||||
| | Compensation Element | | | |
Mr. Garutti
|
| | |
Ms. Fogertey
|
| | |
Mr. Koff
|
| | |||||||||
| | Acceleration of Unvested Equity Awards ($)(3) | | | | | | 202,758 | | | | | | | — | | | | | | | 67,586 | | | |
| |
TOTAL ($)
|
| | | | | 2,935,613 | | | | | | | 183,799 | | | | | | | 698,967 | | | |
| | |
Number of securities to be issued
upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-average exercise price
of outstanding options, warrants and rights (b) |
| |
Number of securities remaining
available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)(2) |
| |||||||||
Equity compensation plans approved by security holders(1)
|
| | | | 154,231 | | | | | $ | 21.77 | | | | | | 2,999,817 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 154,231 | | | | | $ | 21.77 | | | | | | 2,999,817 | | |
| |
Redeeming Owners of SSE Holdings
|
| | |
Effective Dates of Redemption
|
| | |
Shares of Class A Common Stock Issued upon Redemption
|
| |
| | Joan W. Harris Revocable Trust Dated 4/1/93 | | | |
January 25, 2021
|
| | |
2,400
|
| |
| | Isaac Weiss-Meyer Qualified Minor’s Trust Dated 12/22/05 | | | |
February 25, 2021
|
| | |
600
|
| |
| | Amy Weiss-Meyer Qualified Minor’s Trust Dated 12/22/05 | | | |
February 25, 2021
|
| | |
600
|
| |
| | David A. Swinghamer | | | |
February 25, 2021
|
| | |
5,000
|
| |
| | Richard Coraine 2012 Family Trust | | | |
February 25, 2021
|
| | |
10,000
|
| |
| | Nancy Meyer | | | |
February 25, 2021
|
| | |
3,000
|
| |
| | Roxanne H. Frank Revocable Trust Dated 9/30/75 | | | |
March 25, 2021
|
| | |
8,000
|
| |
| | Erin Moran | | | |
June 25, 2021
|
| | |
1
|
| |