Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-12

Krispy Kreme (DNUT)

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.

$3,693,795
Joshua Charlesworth total, FY2025
10th
CEO pay percentile vs peers
111:1
CEO-to-median pay ratio
98.77%
Say-on-pay support, latest vote
Companies that benchmark against DNUT
5 companies name DNUT as a compensation peer

Each company listed discloses DNUT 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 DNUT 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
Joshua Charlesworth$1,000,000$0$2,124,677$553,000$0$0$16,118$3,693,795
President and Chief Executive Officer
Raphael Duvivier572,17101,714,609474,0000050,5022,811,282
Chief Financial Officer
Nicola Steele382,69101,604,080395,00023,2420186,9912,592,004
Chief Operating Officer
Alison Holder408,17301,443,077316,0000015,4672,182,717
Chief Brand and Product Officer
Theresa Zandhuis550,00001,242,609316,0000016,1162,124,725
Former Chief People Officer
Jeremiah Ashukian362,5000748,25600014,3331,125,089
Former Chief Financial 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
Joshua Charlesworth$3,693,795$2,510,455$11,115,289+1,183,340
Raphael Duvivier2,811,2821,486,6263,193,658+1,324,656
Nicola Steele2,592,004
Alison Holder2,182,717
Theresa Zandhuis2,124,7252,167,871−43,146
Jeremiah Ashukian1,125,0891,777,4866,463,610−652,397

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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Alison HolderRSU2025-10-01104,439$400,001
Raphael DuvivierOPTION2025-07-14300,0001,590,000
Theresa ZandhuisOPTION2025-07-14200,000960,000
Raphael DuvivierRSU2025-04-1069,931300,004
Nicola SteelePSU2025-05-05199,072
Nicola SteeleRSU2025-04-10139,862600,008
Joshua CharlesworthRSU2025-04-10116,551500,004
Jeremiah AshukianPSU2025-05-0587,413373,254
Jeremiah AshukianRSU2025-04-1087,413375,002
Nicola SteeleOPTION2025-07-14250,0001,200,000
Joshua CharlesworthOPTION2025-07-14350,0001,680,000
Alison HolderOPTION2025-07-14200,000960,000
Theresa ZandhuisPSU2025-05-0569,931298,605
Alison HolderRSU2025-04-1046,621200,004
Joshua CharlesworthPSU2025-05-05116,551497,673
Alison HolderPSU2025-05-0546,621199,072
Raphael DuvivierPSU2025-05-0569,931298,605
Theresa ZandhuisRSU2025-04-1069,931300,004
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Alison Holder$600,005$199,072$960,00011.3%
Raphael Duvivier300,004298,6051,590,00013.6%
Theresa Zandhuis300,004298,605960,00019.2%
Nicola Steele600,008199,0721,200,00010.0%
Joshua Charlesworth500,004497,6731,680,00018.6%
Jeremiah Ashukian375,002373,254049.9%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Raphael DuvivierOption300,0003.22
Theresa ZandhuisRSU100,000428,000
Alison HolderOption200,0003.22
Joshua CharlesworthRSU116,551498,838
Nicola SteeleRSU46,621199,538
Theresa ZandhuisRSU13,30756,954
Alison HolderPSU8,33935,691
Alison HolderPSU100,000428,000
Alison HolderRSU46,621199,538
Joshua CharlesworthRSU492,1422,106,368
Theresa ZandhuisRSU86,726371,187
Joshua CharlesworthRSU175,000749,000
Alison HolderRSU100,000428,000
Raphael DuvivierPSU150,000642,000
Theresa ZandhuisPSU20,01485,660
Joshua CharlesworthRSU24,672105,596
Nicola SteelePSU125,000535,000
Theresa ZandhuisRSU11,04247,260
Nicola SteeleRSU9664,134
Raphael DuvivierRSU196,584841,380
Joshua CharlesworthRSU140,545601,533
Nicola SteeleRSU139,862598,609
Joshua CharlesworthOption350,0003.22
Raphael DuvivierRSU28,259120,949
Theresa ZandhuisOption33,14614.61
Theresa ZandhuisPSU100,000428,000
Raphael DuvivierRSU69,931299,305
Theresa ZandhuisRSU69,931299,305
Joshua CharlesworthRSU26,613113,904
Raphael DuvivierRSU20,01485,660
Nicola SteelePSU10,00742,830
Joshua CharlesworthOption66,29314.61
Alison HolderRSU104,439446,999
Theresa ZandhuisOption200,0003.22
Joshua CharlesworthPSU175,000749,000
Theresa ZandhuisPSU9,86942,239
Alison HolderRSU8,33935,691
Joshua CharlesworthRSU13,80359,077
Raphael DuvivierPSU4,93521,122
Nicola SteelePSU4,93521,122
Raphael DuvivierPSU20,01485,660
Nicola SteeleRSU125,000535,000
Raphael DuvivierRSU95,970410,752
Nicola SteeleOption250,0003.22
Joshua CharlesworthRSU33,356142,764
Joshua CharlesworthPSU33,356142,764
Nicola SteeleRSU31,799136,100
Theresa ZandhuisRSU19,73784,474
Alison HolderRSU15,53466,486
Joshua CharlesworthPSU12,33652,798
Nicola SteeleRSU10,00742,830
Raphael DuvivierRSU4,14117,723
Alison HolderPSU4,11217,599
Alison HolderRSU2,76111,817
05

Incentive-plan design — the Compensation Discussion & Analysis

The overarching objective of our executive compensation program is to attract, retain, and motivate superior executive talent essential to drive sustained growth and stockholder value creation. Our executive compensation principles, actions, pay elements, and governance practices are designed to support this objective while maintaining competitiveness.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-10106,613,8201,323,67377,26498.77%Passed
20252025-06-17113,335,224592,83041,97199.44%Passed
20242024-06-18115,310,7213,193,95583,79897.24%Passed
20232023-06-22105,400,863701,69721,79299.32%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1098.77%a
20252025-06-1799.44%b
20242024-06-1897.24%c

a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will not be counted as having been voted on this proposal and therefore will have no effect on the vote.”.

b. Approved under the standard stated in the filing — “An abstention will be counted as having been voted on Proposal 2 and therefore will have the effect of a vote against the applicable proposal.”.

c. Approved under the standard stated in the filing — “For the other proposals, an abstention will be counted as having been voted on the applicable proposal, and therefore will have the effect of a vote against the applicable proposal, assuming a quorum is present.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)111 : 1
CEO total compensation
Median employee compensation$33,327
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Patricia CapelNot independent · Board Chair$113,228$250,003$0$0$363,231
Bernardo HeesNot independent · Strategy and Operating (Chair)72,692250,00300322,695
Gerhard PleuhsIndependent · Lead Independent Director · Audit and Finance · Compensation, Nomination, and Governance · Not standing for re-election92,885130,00200222,887
David DenoIndependent · Audit and Finance (Chair)83,269130,00200213,271
Marissa AndradaIndependent · Compensation, Nomination, and Governance (Chair) · Not standing for re-election78,077130,00200208,079
Patrick GrismerIndependent · Audit and Finance40,371130,00200170,373
Easwaran SundaramIndependent · Audit and Finance · Compensation, Nomination, and Governance · Strategy and Operating37,692130,00200167,694
Gordon von BrettenDeparted during FY37,692130,00200167,694
Olivier GoudetNot independent · Departed during FY100,000000100,000
Paul MichaelsIndependent · Departed during FY40,00000040,000
Philip TelferDeparted during FY32,50000032,500
Debbie RobertsDeparted during FY30,00000030,000
Melissa WerneckIndependent · Compensation, Nomination, and Governance30,00000030,000
Michelle WeeseDeparted during FY30,00000030,000
David BellDeparted during FY30,00000030,000
David ShearIndependent · Compensation, Nomination, and Governance · Newly elected00000
Joshua CharlesworthEmployee director · Strategy and Operating00000
09

Board fee structure and ownership guideline

Annual cash retainer$70,000
Annual equity retainer$130,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)85,000 / 80,000
Stock ownership guidelinestock ownership guidelines
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$848,406
Equity awards (grant-date value)$1,280,018
All other compensation$0
Total cost of the board$2,128,424

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

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Krispy Kreme names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Krispy Kreme.

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
1Yum! Brands, Inc.2025David Gibbs$1,380,769$12,459,226$3,750,012$3,024,000$20,861,526
2Monster Beverage Corporation2025Hilton Schlosberg1,250,00010,687,4603,493,3513,750,00019,282,630
3Chipotle Mexican Grill, Inc.2025Scott Boatwright1,095,3857,800,0025,200,0071,155,00015,455,736
4Restaurant Brands International Inc.2025Joshua Kobza950,00012,317,91201,869,27615,159,780
5Texas Roadhouse, Inc.2025Gerald Morgan1,356,5388,410,9280909,41310,822,133
6Cheesecake Factory, Inc.2025David Overton1,030,0005,902,12401,445,6058,419,852
7YETI Holdings, Inc.2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
8Shake Shack, Inc.2025Robert Lynch1,000,0005,000,16101,011,7507,210,818
9Jack in the Box Inc.2025Lance Tucker624,0383,636,0950310,5215,271,591
10Krispy Kreme2025Joshua Charlesworth1,000,0002,124,677553,00003,693,795
11Sweetgreen, Inc.2025Jonathan Neman550,00002,675,93703,226,081
Dutch Bros Inc.not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Krispy Kreme0%PSU 50 · RSU 50NoFW Cook
Cheesecake Factory, Inc.100.25%PSU 50 · RSU 50NoFW Cook
Chipotle Mexican Grill, Inc.53%PSU 60 · Options 20 · RSU 20NoMeridian Compensation Partners, LLC
Dutch Bros Inc.not disclosednot disclosednot disclosednot disclosed
Jack in the Box Inc.47.6%PSU 50 · RSU 50NoMeridian Compensation Partners
Monster Beverage Corporation188%PSU 50 · RSU 25 · Options 25NoFrederic W. Cook & Co., Inc. (FW Cook)
Restaurant Brands International Inc.98%not disclosedYes — Relative TSR vs S&P 500Frederic W. Cook & Co., Inc.
Shake Shack, Inc.67.5%PSU 60 · RSU 40NoPearl Meyer & Partners
Sweetgreen, Inc.not disclosedOptions 100not disclosedSemler Brossy Consulting Group LLC
Texas Roadhouse, Inc.65%RSU 50 · PSU 50NoFW Cook
YETI Holdings, Inc.71.0%PBRSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR)FW Cook
Yum! Brands, Inc.68%PSU 50 · RSU 25 · Options 25Yes — TSR relative to S&P 500 Consumer Discretionary IndexMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

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, Joshua CharlesworthDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 3,693,795. Filing ↗machine: t135 · r3 · c39 · span 743100–743109
2Section 01, Raphael DuvivierDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,811,282. Filing ↗machine: r7 · c39 · span 755715–755724
3Section 01, Nicola SteeleDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,592,004. Filing ↗machine: r17 · c39 · span 785255–785264
4Section 01, Alison HolderDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,182,717. Filing ↗machine: r15 · c39 · span 781100–781109
5Section 01, Theresa ZandhuisDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,124,725. Filing ↗machine: r19 · c39 · span 789496–789505
6Section 01, Jeremiah AshukianDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 1,125,089. Filing ↗machine: r11 · c39 · span 768428–768437
7Section 03, Alison Holder RSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t144 · r34 · c44 · span 930198–930205
8Section 03, Raphael Duvivier OPTIONDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r3 · c9 · span 586815–586822
9Section 03, Theresa Zandhuis OPTIONDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t121 · r6 · c34 · span 648466–648473
10Section 03, Raphael Duvivier RSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r3 · c19 · span 588493–588499
11Section 03, Nicola Steele PSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t144 · r40 · c34 · span 946858–946865
12Section 03, Nicola Steele RSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t144 · r38 · c44 · span 941953–941960
13Section 03, Joshua Charlesworth RSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r2 · c19 · span 583884–583891
14Section 03, Jeremiah Ashukian PSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r4 · c19 · span 593076–593082
15Section 03, Jeremiah Ashukian RSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r4 · c19 · span 593076–593082
16Section 03, Nicola Steele OPTIONDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t121 · r5 · c34 · span 642224–642231
17Section 03, Joshua Charlesworth OPTIONDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t121 · r2 · c34 · span 623450–623457
18Section 03, Alison Holder OPTIONDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r5 · c9 · span 596002–596009
19Section 03, Theresa Zandhuis PSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r7 · c19 · span 606866–606872
20Section 03, Alison Holder RSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r5 · c19 · span 597680–597686
21Section 03, Joshua Charlesworth PSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r2 · c19 · span 583884–583891
22Section 03, Alison Holder PSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r5 · c19 · span 597680–597686
23Section 03, Raphael Duvivier PSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r3 · c19 · span 588493–588499
24Section 03, Theresa Zandhuis RSUDEF 14A2026-04-270001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t117 · r7 · c19 · span 606866–606872
25Section 07, pay ratioDEF 14A2026-04-27000119312526182138Section “CEO Pay Ratio”. As printed: 111 : 1. Filing ↗machine: span 1312900–1312908
26Section 08, Patricia CapelDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 363,231. Filing ↗machine: t50 · r4 · c11 · span 272690–272697
27Section 08, Bernardo HeesDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 322,695. Filing ↗machine: t50 · r8 · c11 · span 286120–286127
28Section 08, Gerhard PleuhsDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 222,887. Filing ↗machine: t50 · r10 · c11 · span 293082–293089
29Section 08, David DenoDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 213,271. Filing ↗machine: t50 · r5 · c11 · span 276028–276035
30Section 08, Marissa AndradaDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 208,079. Filing ↗machine: t50 · r2 · c11 · span 265996–266003
31Section 08, Patrick GrismerDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 170,373. Filing ↗machine: t50 · r7 · c11 · span 282728–282735
32Section 08, Easwaran SundaramDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 167,694. Filing ↗machine: t50 · r12 · c11 · span 299896–299903
33Section 08, Gordon von BrettenDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 167,694. Filing ↗machine: t50 · r13 · c11 · span 303318–303325
34Section 08, Olivier GoudetDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 100,000. Filing ↗machine: t50 · r6 · c3 · span 277404–277411
35Section 08, Paul MichaelsDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 40,000. Filing ↗machine: t50 · r9 · c3 · span 287596–287602
36Section 08, Philip TelferDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 32,500. Filing ↗machine: t50 · r14 · c3 · span 304731–304737
37Section 08, Debbie RobertsDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗machine: t50 · r11 · c3 · span 294483–294489
38Section 08, Melissa WerneckDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗
39Section 08, Michelle WeeseDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗machine: t50 · r15 · c3 · span 308149–308155
40Section 08, David BellDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗machine: t50 · r3 · c3 · span 267393–267399
41Section 08, David ShearDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 0. Filing ↗
42Section 08, Joshua CharlesworthDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 0. Filing ↗
43Section 06, 2026 voteForm 8-K2026-06-120001857154-26-000039Item 5.07 · say-on-pay result. As reported: 98.77% (votes for as printed: 106,613,820). Filing ↗
44Section 06, 2025 voteForm 8-K2025-06-200001857154-25-000088Item 5.07 · say-on-pay result. As reported: 99.44% (votes for as printed: 113,335,224). Filing ↗
45Section 06, 2024 voteForm 8-K2024-06-200001857154-24-000072Item 5.07 · say-on-pay result. As reported: 97.24% (votes for as printed: 115,310,721.46). Filing ↗
46Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
47Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
48Section 09b board cost (computed)ComputedcomputedCash 848,406 + equity 1,280,018 + all other 0 = 2,128,424, summed across the director compensation table rows.machine: formula: Σ = 2,128,424
49Yum! Brands, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-142078CEO total compensation as printed in Yum! Brands, Inc.'s own proxy. As printed: 20,861,526. Filing ↗machine: t86 · r7 · c11 · span 1988224–1988234
50Monster Beverage Corporation, Section 10b CEO totalDEF 14A2026-03-270001104659-26-035990CEO total compensation as printed in Monster Beverage Corporation's own proxy. As printed: 19,282,630. Filing ↗machine: span 327775–327785
51Chipotle Mexican Grill, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017294CEO total compensation as printed in Chipotle Mexican Grill, Inc.'s own proxy. As printed: 15,455,736. Filing ↗machine: r2 · c22 · span 1337747–1337758
52Restaurant Brands International Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-171760CEO total compensation as printed in Restaurant Brands International Inc.'s own proxy. As printed: 15,159,780. Filing ↗machine: r3 · c33 · span 809623–809633
53Texas Roadhouse, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041771CEO total compensation as printed in Texas Roadhouse, Inc.'s own proxy. As printed: 10,822,133. Filing ↗machine: t125 · r3 · c14 · span 1328962–1328972
54Cheesecake Factory, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-042016CEO total compensation as printed in Cheesecake Factory, Inc.'s own proxy. As printed: 8,419,852. Filing ↗machine: r1 · c64 · span 783270–783279
55YETI Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011375CEO total compensation as printed in YETI Holdings, Inc.'s own proxy. As printed: 7,697,528. Filing ↗machine: r2 · c22 · span 1046975–1046984
56Shake Shack, Inc., Section 10b CEO totalDEF 14A2026-04-290001104659-26-051572CEO total compensation as printed in Shake Shack, Inc.'s own proxy. As printed: 7,210,818. Filing ↗machine: r1 · c54 · span 604209–604218
57Jack in the Box Inc., Section 10b CEO totalDEF 14A2026-01-210000807882-26-000009CEO total compensation as printed in Jack in the Box Inc.'s own proxy. As printed: 5,271,591. Filing ↗machine: span 1019487–1019496
58Krispy Kreme (subject), Section 10b CEO totalDEF 14A2026-04-270001193125-26-182138CEO total compensation as printed in Krispy Kreme's own proxy. As printed: 3,693,795. Filing ↗machine: t135 · r3 · c39 · span 743100–743109
59Sweetgreen, Inc., Section 10b CEO totalDEF 14A2026-04-230001140361-26-016260CEO total compensation as printed in Sweetgreen, Inc.'s own proxy. As printed: 3,226,081. Filing ↗machine: r2 · c25 · span 758912–758922
60Section 10a, Chipotle Mexican Grill, Inc. reciprocityDEF 14A0001140361-26-017294Chipotle Mexican Grill, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
61Section 10a, Texas Roadhouse, Inc. reciprocityDEF 14A0001104659-26-041771Texas Roadhouse, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
62Section 10a, Yum! Brands, Inc. reciprocityDEF 14A0000950170-25-051113Yum! Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
63Section 10a, Shake Shack, Inc. reciprocityDEF 14A0001104659-26-051572Shake Shack, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
64Section 10a, Monster Beverage Corporation reciprocityDEF 14A0001104659-26-035990Monster Beverage Corporation's most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
65Section 10a, Sweetgreen, Inc. reciprocityDEF 14A0001140361-26-016260Sweetgreen, Inc. names Krispy Kreme in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, Restaurant Brands International Inc. reciprocityDEF 14A0001193125-26-171760Restaurant Brands International Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
67Section 10a, YETI Holdings, Inc. reciprocityDEF 14A0001140361-26-011375YETI Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗