Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-16

Black Rock Coffee Bar (BRCB)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$20,897,082
Mark Davis total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against BRCB
1 company names BRCB as a compensation peer

Each company listed discloses BRCB in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BRCB in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mark Davis$621,370$4,000,000$3,750,000$3,750,000$8,751,050$0$24,662$20,897,082
Chief Executive Officer
Rodd Booth307,1230750,000750,000281,644017,3622,106,129
Chief Financial Officer
Sam Seiberling285,7530771,385750,000187,76308,4272,003,328
Chief Legal Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Mark Davis$20,897,082
Rodd Booth2,106,129
Sam Seiberling2,003,328

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mark DavisRSU187,500$4,171,875
Sam SeiberlingRSU40,248895,529
Rodd BoothRSU37,500834,375
Sam SeiberlingRSU37,500834,375
Mark DavisOption381,09720
Rodd BoothOption76,21920
Sam SeiberlingOption76,21920
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policyThe Company maintains a compensation recovery policy that, consistent with the SEC and Nasdaq Rules, requires the clawback of certain erroneously awarded compensation received by the Company's current and former executive officers in the event the Company is required to prepare a qualifying accounting restatement.
Anti-hedgingThe Insider Trading Compliance Policy prohibits the Company's directors, officers and employees and any entities they control from engaging in hedging transactions involving the Company's securities, such as prepaid variable forward contracts, equity swaps, collars and exchange funds, or other transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of the Company's equity securities.
Anti-pledging
07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jake SpellmeyerNot independent · Departed during FY$40,000$56,250$1,318,170$1,414,420
Daniel BrandNot independent · Compensation (Chair)40,00056,2501,318,1701,414,420
Jeffrey HernandezNot independent · Board Chair40,00056,2501,318,1701,414,420
Bryan PereboomNot independent · Departed during FY40,00056,2501,318,1701,414,420
Richard FedericoIndependent · Compensation · Audit50,00056,250106,250
Andrew BraithwaiteIndependent · Compensation40,00056,25096,250
Kristina CashmanIndependent · Audit (Chair)15,35356,25071,603
Sarah Goldsmith-GroverIndependent · Compensation · Audit56,25056,250
Mark DavisEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline5x annual cash retainer ($250,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$265,353
Equity awards (grant-date value)$450,000
All other compensation$5,272,680
Total cost of the board$5,988,033

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Black Rock Coffee Bar2025Mark Davis$621,370$3,750,000$3,750,000$8,751,050$20,897,082

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Mark DavisDEF 14A2026-04-160001628280-26-025374Section “Executive Compensation”. As printed: 20,897,082. Filing ↗machine: span 450786–450796
2Section 01, Rodd BoothDEF 14A2026-04-160001628280-26-025374Section “Executive Compensation”. As printed: 2,106,129. Filing ↗machine: span 461901–461910
3Section 01, Sam SeiberlingDEF 14A2026-04-160001628280-26-025374Section “Executive Compensation”. As printed: 2,003,328. Filing ↗machine: span 473886–473895
4Section 07, pay ratio10-K2026-03-040001628280-26-014380Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 08, Jake SpellmeyerDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 292521–292530
6Section 08, Daniel BrandDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 275030–275039
7Section 08, Jeffrey HernandezDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 287282–287291
8Section 08, Bryan PereboomDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 289727–289736
9Section 08, Richard FedericoDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 106,250. Filing ↗machine: span 282387–282394
10Section 08, Andrew BraithwaiteDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 96,250. Filing ↗machine: span 277503–277509
11Section 08, Kristina CashmanDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 71,603. Filing ↗machine: span 279945–279951
12Section 08, Sarah Goldsmith-GroverDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 56,250. Filing ↗
13Section 08, Mark DavisDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 0. Filing ↗
14Section 09b board cost (computed)ComputedcomputedCash 265,353 + equity 450,000 + all other 5,272,680 = 5,988,033, summed across the director compensation table rows.machine: formula: Σ = 5,988,033
15Black Rock Coffee Bar (subject), Section 10b CEO totalDEF 14A2026-04-160001628280-26-025374CEO total compensation as printed in Black Rock Coffee Bar's own proxy. As printed: 20,897,082. Filing ↗machine: span 450786–450796