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

Black Rock Coffee Bar (BRCB)

CEO Mark Davis was paid $20,897,082 in fiscal year 2025 (SEC filing 0001628280-26-025374 ↗): 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
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Sample answer — “What is the CEO’s total compensation?”
- Mark Davis (Chief Executive Officer), FY2025 total compensation $20,897,082 (base salary $621,370) [exec_comp, SEC accession 0001628280-26-025374, filed 2026-04-16]

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BRCB's next annual pay disclosure, estimated April 16, 2027.est. Filing ↗

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 FY2024→2025
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.

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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.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Andrew BraithwaiteIndependent Director$96,250
Bryan PereboomDirector$1,414,420
Daniel BrandDirector$1,414,420
Jake SpellmeyerDirector$1,414,420
Jeffrey HernandezDirector$1,414,420
Kristina CashmanIndependent Director$71,603
Richard FedericoIndependent Director$106,250
Sarah Goldsmith-GroverIndependent Director$56,250
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
Rodd BoothOption76,21920—
Sam SeiberlingRSU37,500—834,375
Mark DavisRSU187,500—4,171,875
Sam SeiberlingRSU40,248—895,529
Sam SeiberlingOption76,21920—
Rodd BoothRSU37,500—834,375
Mark DavisOption381,09720—
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
Daniel BrandNot independent · Culture and Compensation (Chair)$40,000$56,250——$1,318,170$1,414,420
Bryan PereboomNot independent40,00056,250——1,318,1701,414,420
Jeffrey HernandezNot independent40,00056,250——1,318,1701,414,420
Jake SpellmeyerNot independent40,00056,250——1,318,1701,414,420
Richard FedericoIndependent · Audit · Culture and Compensation50,00056,250——0106,250
Andrew BraithwaiteIndependent · Culture and Compensation40,00056,250——096,250
Kristina CashmanIndependent · Audit (Chair)15,35356,250——071,603
Sarah Goldsmith-GroverIndependent · Audit · Culture and Compensation056,250——056,250
Mark DavisEmployee director—————0
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 guideline$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.

10d

Frequently asked questions

Who was the highest-paid executive at Black Rock Coffee Bar in fiscal 2025?
As disclosed, Mark Davis (Chief Executive Officer) was the highest-paid executive at Black Rock Coffee Bar in fiscal 2025, with total compensation of $20,897,082.
How much does Black Rock Coffee Bar spend in total on board compensation for fiscal 2025?
As disclosed, Black Rock Coffee Bar reported total board compensation of $5,988,033 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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, Daniel BrandDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 274919–275052
6Section 08, Bryan PereboomDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 289616–289749
7Section 08, Jeffrey HernandezDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 287171–287304
8Section 08, Jake SpellmeyerDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 1,414,420. Filing ↗machine: span 292410–292543
9Section 08, Richard FedericoDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 106,250. Filing ↗machine: span 282276–282407
10Section 08, Andrew BraithwaiteDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 96,250. Filing ↗machine: span 277392–277522
11Section 08, Kristina CashmanDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 71,603. Filing ↗machine: span 279834–279964
12Section 08, Sarah Goldsmith-GroverDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 56,250. Filing ↗machine: span 283635–283765
13Section 08, Mark DavisDEF 14A2026-04-160001628280-26-025374Section “Director Compensation”. As printed: 0. Filing ↗
14Section 09b board cost (computed)Computed——Cash 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

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