Companies European Wax Center, Inc.
European Wax Center (EWC): executive pay, fiscal 2025
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CEO pay, last three years
- $4,413,602FY2024
- $12,252,083FY2025
CEO total pay was $12,252,083 in fiscal 2025 (Christopher Morris), up from $4,413,602 in fiscal 2024 (David Berg, the CEO that year).
FY2025: salary $795,000 · bonus $0 · stock awards $3,846,000 · option awards $6,844,500
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Christopher Morris | $795,000 | $0 | $3,846,000 | $6,844,500 | $763,128 | $0 | $3,455 | $12,252,083 |
| Chief Executive Officer and Chairman | ||||||||
| Thomas Kim | 356,935 | 0 | 702,000 | 1,528,125 | 238,324 | 0 | 510 | 2,825,894 |
| Chief Financial Officer | ||||||||
| Katie Mullen | 402,462 | 0 | 638,400 | 1,364,400 | 259,378 | 0 | 50,580 | 2,715,220 |
| Chief Commercial Officer | ||||||||
| David Berg | 13,832 | 0 | 0 | 0 | 0 | 0 | 11,719 | 25,551 |
| Former Chief Executive Officer and Executive Chair | ||||||||
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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Christopher Morris | $12,252,083 | — | — | — |
| Thomas Kim | 2,825,894 | — | — | — |
| Katie Mullen | 2,715,220 | — | — | — |
| David Berg | 25,551 | 4,413,602 | — | ↓ −4,388,051 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation program is designed to attract, retain and reward key employees, to incentivize them to achieve key performance goals, and to align their interests with the interests of our stockholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Christopher Morris | OPTION | 2025-01-08 | — | — | 425,000 | — | $1,615,000 |
| Christopher Morris | OPTION | 2025-01-08 | — | — | 425,000 | — | 1,725,500 |
| Christopher Morris | OPTION | 2025-01-08 | — | — | 800,000 | — | 3,504,000 |
| Katie Mullen | OPTION | 2025-03-21 | — | — | 180,000 | — | 370,800 |
| Katie Mullen | OPTION | 2025-03-21 | — | — | 180,000 | — | 399,600 |
| Katie Mullen | OPTION | 2025-03-21 | — | — | 220,000 | — | 594,000 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Christopher Morris | $0 | $0 | $6,844,500 | 0.0% |
| Katie Mullen | 0 | 0 | 1,364,400 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Katie Mullen | RSU | 160,000 | — | $550,400 |
| Katie Mullen | Option | 180,000 | 9 | — |
| Katie Mullen | Option | 180,000 | 12 | — |
| Thomas Kim | RSU | 200,000 | — | 688,000 |
| Thomas Kim | Option | 212,500 | 9 | — |
| Thomas Kim | Option | 212,500 | 12 | — |
| Katie Mullen | Option | 220,000 | 3.99 | — |
| Thomas Kim | Option | 310,000 | 3.51 | — |
| Christopher Morris | Option | 425,000 | 9 | — |
| Christopher Morris | Option | 425,000 | 12 | — |
| Christopher Morris | RSU | 600,000 | — | 2,064,000 |
| Christopher Morris | Option | 800,000 | 6.41 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dorvin D. LivelyIndependent · Audit (Chair) · Nominating and Governance | $70,000 | $125,000 | — | — | — | $195,000 |
| Julia HunterIndependent · Nominating and Governance | 50,000 | 125,000 | — | — | — | 175,000 |
| Laurie Ann GoldmanIndependent · Audit · Compensation | 50,000 | 125,000 | — | — | — | 175,000 |
| Nital ScottIndependent · Audit | 50,000 | 125,000 | — | — | — | 175,000 |
| Alexa BartlettIndependent · Compensation · Nominating and Governance | 0 | 0 | — | — | — | — |
| Andrew CrawfordIndependent · Compensation (Chair) · Nominating and Governance (Chair) | 0 | 0 | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $220,000 |
| Equity awards (grant-date value) | $500,000 |
| All other compensation | $0 |
| Total cost of the board | $720,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names European Wax Center as a peer
Companies that benchmark against EWC
- ONESPAWORLD HOLDINGS LtdOSWFY2025
Each company listed discloses EWC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | European Wax Center, Inc. | 2025 | Christopher Morris | $795,000 | $3,846,000 | $6,844,500 | $763,128 | $12,252,083 |
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.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (20 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Christopher Morris. 10-K, filed 2026-04-27. Section “Executive Compensation” · page 10. As printed: 12,252,083. View filing ↗
- Section 01, Thomas Kim. 10-K, filed 2026-04-27. Section “Executive Compensation” · page 10. As printed: 2,825,894. View filing ↗
- Section 01, Katie Mullen. 10-K, filed 2026-04-27. Section “Executive Compensation” · page 10. As printed: 2,715,220. View filing ↗
- Section 01, David Berg. 10-K, filed 2026-04-27. Section “Executive Compensation” · page 10. As printed: 25,551. View filing ↗
- Section 03, Christopher Morris OPTION. 10-K, filed 2026-04-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Morris OPTION. 10-K, filed 2026-04-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Morris OPTION. 10-K, filed 2026-04-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Katie Mullen OPTION. 10-K, filed 2026-04-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Katie Mullen OPTION. 10-K, filed 2026-04-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Katie Mullen OPTION. 10-K, filed 2026-04-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Dorvin D. Lively. 10-K, filed 2026-04-27. Section “Director Compensation”. As printed: 195,000. View filing ↗
- Section 08, Julia Hunter. 10-K, filed 2026-04-27. Section “Director Compensation”. As printed: 175,000. View filing ↗
- Section 08, Laurie Ann Goldman. 10-K, filed 2026-04-27. Section “Director Compensation”. As printed: 175,000. View filing ↗
- Section 08, Nital Scott. 10-K, filed 2026-04-27. Section “Director Compensation”. As printed: 175,000. View filing ↗
- Section 08, Alexa Bartlett. 10-K, filed 2026-04-27. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Andrew Crawford. 10-K, filed 2026-04-27. Section “Director Compensation”. As printed: —. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 220,000 + equity 500,000 + all other 0 = 720,000, summed across the director compensation table rows.
- European Wax Center, Inc. (subject), Section 10b CEO total. 10-K, filed 2026-04-27. CEO total compensation as printed in European Wax Center, Inc.'s own proxy. As printed: 12,252,083. View filing ↗