Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

First Watch Restaurant Group (FWRG)

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.

$11,523,150
Chris Tomasso total, FY2025
79th
CEO pay percentile vs peers
CEO-to-median pay ratio
63.44%
Say-on-pay support, latest vote
Companies that benchmark against FWRG
7 companies name FWRG as a compensation peer

Each company listed discloses FWRG 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 FWRG 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
Chris Tomasso$932,793$0$9,576,365$0$963,610$0$50,382$11,523,150
President and Chief Executive Officer
Jay Wolszczak474,39202,641,6280311,859036,4853,464,364
Chief Legal Officer, General Counsel and Secretary
Eric Hartman448,88002,423,5720295,088038,5753,206,115
Chief Development Officer
Laura Sorensen448,18902,351,4380294,634039,5523,133,813
Chief People Officer
Mel Hope459,6590799,9990302,174034,2901,596,122
Chief Financial Officer and Treasurer

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
Chris Tomasso$11,523,150$4,922,838$4,928,318+6,600,312
Jay Wolszczak3,464,3641,442,0261,365,556+2,022,338
Eric Hartman3,206,115
Laura Sorensen3,133,813
Mel Hope1,596,1221,615,6671,783,977−19,545

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

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Irene Chang BrittDirector2026-05-21A12,345$0$0CommonForm 4 ↗
Rachel TipographDirector2026-05-21A12,34500CommonForm 4 ↗
Ralph AlvarezDirector2026-05-21A17,63600CommonForm 4 ↗
Stephanie LilakDirector2026-05-21A12,34500CommonForm 4 ↗
William KussellDirector2026-05-21A12,34500CommonForm 4 ↗
Charles JemleyDirector2026-05-21A12,34500CommonForm 4 ↗
Jostein SolheimDirector2026-05-21A12,34500CommonForm 4 ↗
Michael FleisherDirector2026-05-21A12,34500CommonForm 4 ↗
Ashlee Suzanne WeisserChief Financial Officer2026-06-08A26,59500CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mel HopeRSU2025-03-1348,721$799,999
Jay WolszczakRSU2025-03-1325,883424,999
Eric HartmanRSU2025-12-28128,7602,048,572
Eric HartmanRSU2025-03-1322,838375,000
Chris TomassoRSU2025-03-13194,8843,199,995
Laura SorensenRSU2025-12-28125,7982,001,446
Laura SorensenRSU2025-03-1321,315349,992
Chris TomassoRSU2025-04-10365,4086,376,370
Jay WolszczakRSU2025-12-28139,3232,216,629
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mel Hope$799,999$0$00.0%
Jay Wolszczak2,641,628000.0%
Eric Hartman2,423,572000.0%
Chris Tomasso9,576,365000.0%
Laura Sorensen2,351,438000.0%

% 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
TomassoRSU365,408$5,813,641
TomassoRSU194,8843,100,604
Jay WolszczakRSU139,3232,216,629
Eric HartmanRSU128,7602,048,572
Laura SorensenRSU125,7982,001,446
TomassoRSU80,6771,283,571
TomassoRSU53,695854,287
Mel HopeRSU48,721775,151
Jay WolszczakRSU25,883411,799
Eric HartmanRSU22,838363,353
Mel HopeRSU21,514342,288
Laura SorensenRSU21,315339,122
Mel HopeRSU17,182273,366
Eric HartmanRSU10,084160,436
Laura SorensenRSU10,084160,436
Jay WolszczakRSU10,084160,436
Laura SorensenRSU9,412149,745
Jay WolszczakRSU9,412149,745
Eric HartmanRSU9,076144,399
Eric HartmanRSU8,054128,139
Laura SorensenRSU7,517119,595
Jay WolszczakRSU7,517119,595
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program is designed to align the interests of NEOs with those of stockholders and support long-term growth by using a balanced mix of fixed and variable compensation. The Committee places a greater emphasis on variable, performance-based compensation to reinforce a strong pay-for-performance philosophy and link realized compensation to financial, operational, and stock price performance.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantAon Consulting Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2031,155,49717,633,414317,52563.44%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
20262026-05-2063.44%a

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against this proposal.”.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ralph AlvarezIndependent · Board Chair · Audit · Compensation · Nominating and Corporate Governance$178,500$199,989$0$378,489
Charles JemleyIndependent · Audit (Chair)110,000139,9920249,992
Stephanie LilakIndependent · Compensation (Chair)105,000139,9920244,992
Irene Chang BrittIndependent · Nominating and Corporate Governance (Chair)102,000139,9920241,992
Michael FleisherIndependent · Audit · Compensation100,000139,9920239,992
Jostein SolheimIndependent · Audit95,000139,9920234,992
William KussellIndependent · Nominating and Corporate Governance91,000139,9920230,992
Christopher A. TomassoEmployee director0
Rachel TipographIndependent
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$140,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 22,000
Stock ownership guidelineho are subject to the Stock Ownership Guidelines have five years following the date they become subject to the guidelines to comply with the applicable guideline ownership level.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$781,500
Equity awards (grant-date value)$1,039,941
All other compensation$0
Total cost of the board$1,821,441

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 First Watch Restaurant Group 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 First Watch Restaurant Group.

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
1Wingstop Inc.2025Michael Skipworth$959,231$32,590,697$0$1,708,800$35,288,595
2Brinker International, Inc.2025Kevin Hochman991,15426,499,87902,929,61530,465,768
3Dave & Buster's Entertainment, Inc.2025Tarun Lal452,3087,590,7636,458,289014,502,745
4First Watch Restaurant Group2025Chris Tomasso932,7939,576,3650963,61011,523,150
5The Cheesecake Factory Inc.2025David Overton1,030,0005,902,12401,445,6058,419,852
6Shake Shack Inc.2025Robert Lynch1,000,0005,000,16101,011,7507,210,818
7Cracker Barrel Old Country Store, Inc.2025Julie Masino1,030,0002,858,160952,7461,380,5866,362,615
8Bloomin' Brands, Inc.2025Michael Spanos1,000,0003,333,33701,155,0005,495,861
9Dine Brands Global, Inc.2025John Peyton1,000,0002,213,57702,158,5005,417,315
10Denny's Corporation2023Kelli Valade905,9623,769,0670615,1485,363,088
11Jack in the Box Inc.2025Lance Tucker624,0383,636,0950310,5215,271,591
12CAVA Group, Inc.2025Brett Schulman861,538999,9061,000,040982,1063,859,478
13Krispy Kreme, Inc.2025Joshua Charlesworth1,000,0002,124,677553,00003,693,795
14BJ's Restaurants, Inc.2025Lyle Tick710,7691,567,179319,590637,1433,441,781
15Chuy's Holdings, Inc.2023Steve Hislop745,498559,0880745,4982,068,041
16Portillo's Inc.2025Michael Miles Jr.16,3191,320,000001,467,689
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
First Watch Restaurant Groupnot disclosedRSU 100not disclosedAon Consulting Inc.
BJ's Restaurants, Inc.100%PSU 60 · RSU 20 · Options 20Yes — Relative Total Shareholder Return (TSR)Frederic W. Cook & Co., Inc.
Bloomin' Brands, Inc.66%PSU 67 · RSU 33NoFW Cook
Brinker International, Inc.200%PSU 60 · RSU 40NoPearl Meyer & Partners
CAVA Group, Inc.not disclosedRSU 50 · PSU 50not disclosedPearl Meyer & Partners, LLC
Chuy's Holdings, Inc.100%RSU 100not disclosedMercer
Cracker Barrel Old Country Store, Inc.89%PSU 50 · RSU 50NoFW Cook
Dave & Buster's Entertainment, Inc.not disclosedRSU 33 · PSU 33 · Options 33NoFW Cook
Denny's Corporation68.0%PSU 50 · RSU 50YesFW Cook
Dine Brands Global, Inc.91.96%Cash LTI 75 · RSU 25NoExequity LLP
Dutch Bros Inc.not disclosednot disclosednot disclosednot disclosed
Jack in the Box Inc.47.6%PSU 50 · RSU 50NoMeridian Compensation Partners
Krispy Kreme, Inc.0%PSU 50 · RSU 50NoFW Cook
Portillo's Inc.not disclosedPSU 50 · RSU 50 · Option 50not disclosedMeridian Compensation Partners, LLC
Shake Shack Inc.67.5%PSU 60 · RSU 40NoPearl Meyer & Partners
The Cheesecake Factory Inc.100.25%PSU 50 · RSU 50NoFW Cook
Wingstop Inc.142%PSU 60 · RSU 40NoFW Cook

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, Chris TomassoDEF 14A2026-04-080001789940-26-000048Section “Summary Compensation Table” · page 30. As printed: 11,523,150. Filing ↗machine: r2 · c48 · span 437281–437291
2Section 01, Jay WolszczakDEF 14A2026-04-080001789940-26-000048Section “Summary Compensation Table” · page 30. As printed: 3,464,364. Filing ↗machine: r16 · c48 · span 462004–462013
3Section 01, Eric HartmanDEF 14A2026-04-080001789940-26-000048Section “Summary Compensation Table” · page 30. As printed: 3,206,115. Filing ↗machine: r10 · c48 · span 453225–453234
4Section 01, Laura SorensenDEF 14A2026-04-080001789940-26-000048Section “Summary Compensation Table” · page 30. As printed: 3,133,813. Filing ↗machine: r13 · c48 · span 457405–457414
5Section 01, Mel HopeDEF 14A2026-04-080001789940-26-000048Section “Summary Compensation Table” · page 30. As printed: 1,596,122. Filing ↗machine: r6 · c48 · span 445254–445263
6Section 03, Mel Hope RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 499704–499711
7Section 03, Jay Wolszczak RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 509707–509714
8Section 03, Eric Hartman RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 503720–503729
9Section 03, Eric Hartman RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 502493–502500
10Section 03, Chris Tomasso RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 496167–496176
11Section 03, Laura Sorensen RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 506915–506924
12Section 03, Laura Sorensen RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 505963–505970
13Section 03, Chris Tomasso RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 497395–497404
14Section 03, Jay Wolszczak RSUDEF 14A2026-04-080001789940-26-000048Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 510934–510943
15Section 08, Ralph AlvarezDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 378,489. Filing ↗machine: span 831780–831787
16Section 08, Charles JemleyDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 249,992. Filing ↗machine: span 836097–836104
17Section 08, Stephanie LilakDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 244,992. Filing ↗machine: span 838958–838965
18Section 08, Irene Chang BrittDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 241,992. Filing ↗machine: span 833224–833231
19Section 08, Michael FleisherDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 239,992. Filing ↗machine: span 834656–834663
20Section 08, Jostein SolheimDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 234,992. Filing ↗machine: span 840399–840406
21Section 08, William KussellDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 230,992. Filing ↗machine: span 837527–837534
22Section 08, Christopher A. TomassoDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Rachel TipographDEF 14A2026-04-080001789940-26-000048Section “Director Compensation”. As printed: —. Filing ↗
24Section 02, Irene Chang Britt 2026-05-21Form 42026-05-220001789940-26-000074Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Rachel Tipograph 2026-05-21Form 42026-05-220001789940-26-000070Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Ralph Alvarez 2026-05-21Form 42026-05-220001789940-26-000072Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Stephanie Lilak 2026-05-21Form 42026-05-220001789940-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, William Kussell 2026-05-21Form 42026-05-220001789940-26-000067Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Charles Jemley 2026-05-21Form 42026-05-220001789940-26-000069Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Jostein Solheim 2026-05-21Form 42026-05-220001789940-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Michael Fleisher 2026-05-21Form 42026-05-220001789940-26-000073Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Ashlee Suzanne Weisser 2026-06-08Form 42026-06-100001789940-26-000079Insider equity transaction reported since the proxy statement. Filing ↗
33Section 06, 2026 voteForm 8-K2026-05-210001789940-26-000065Item 5.07 · say-on-pay result. As reported: 63.44% (votes for as printed: 31,155,497). Filing ↗
34Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 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
36Section 09b board cost (computed)ComputedcomputedCash 781,500 + equity 1,039,941 + all other 0 = 1,821,441, summed across the director compensation table rows.machine: formula: Σ = 1,821,441
37Wingstop Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140360CEO total compensation as printed in Wingstop Inc.'s own proxy. As printed: 35,288,595. Filing ↗machine: t256 · r4 · c39 · span 885907–885917
38Brinker International, Inc., Section 10b CEO totalDEF 14A2025-10-030001193125-25-230105CEO total compensation as printed in Brinker International, Inc.'s own proxy. As printed: 30,465,768. Filing ↗machine: r2 · c39 · span 618636–618646
39Dave & Buster's Entertainment, Inc., Section 10b CEO totalDEF 14A2026-05-060001525769-26-000018CEO total compensation as printed in Dave & Buster's Entertainment, Inc.'s own proxy. As printed: 14,502,745. Filing ↗machine: t109 · r2 · c21 · span 822340–822350
40First Watch Restaurant Group (subject), Section 10b CEO totalDEF 14A2026-04-080001789940-26-000048CEO total compensation as printed in First Watch Restaurant Group's own proxy. As printed: 11,523,150. Filing ↗machine: r2 · c48 · span 437281–437291
41The Cheesecake Factory Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-042016CEO total compensation as printed in The Cheesecake Factory Inc.'s own proxy. As printed: 8,419,852. Filing ↗machine: r1 · c64 · span 783270–783279
42Shake 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
43Cracker Barrel Old Country Store, Inc., Section 10b CEO totalDEF 14A2025-10-070001104659-25-097537CEO total compensation as printed in Cracker Barrel Old Country Store, Inc.'s own proxy. As printed: 6,362,615. Filing ↗machine: span 655168–655177
44Bloomin' Brands, Inc., Section 10b CEO totalDEF 14A2026-03-030001546417-26-000015CEO total compensation as printed in Bloomin' Brands, Inc.'s own proxy. As printed: 5,495,861. Filing ↗machine: span 923483–923492
45Dine Brands Global, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127555CEO total compensation as printed in Dine Brands Global, Inc.'s own proxy. As printed: 5,417,315. Filing ↗machine: r4 · c31 · span 603550–603559
46Denny's Corporation, Section 10b CEO totalDEF 14A0001193125-24-086559CEO total compensation as printed in Denny's Corporation's own proxy. As printed: 5,363,088. Filing ↗machine: t156 · r3 · c27 · span 605566–605575
47Jack 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
48CAVA Group, Inc., Section 10b CEO totalDEF 14A2026-04-240001628280-26-027224CEO total compensation as printed in CAVA Group, Inc.'s own proxy. As printed: 3,859,478. Filing ↗machine: r4 · c24 · span 549451–549460
49Krispy Kreme, Inc., Section 10b CEO totalDEF 14A2026-04-270001193125-26-182138CEO total compensation as printed in Krispy Kreme, Inc.'s own proxy. As printed: 3,693,795. Filing ↗machine: t135 · r3 · c39 · span 743100–743109
50BJ's Restaurants, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-169008CEO total compensation as printed in BJ's Restaurants, Inc.'s own proxy. As printed: 3,441,781. Filing ↗machine: span 2374397–2374406
51Chuy's Holdings, Inc., Section 10b CEO totalDEF 14A0001524931-24-000072CEO total compensation as printed in Chuy's Holdings, Inc.'s own proxy. As printed: 2,068,041. Filing ↗machine: t17 · r2 · c19 · span 276662–276671
52Portillo's Inc., Section 10b CEO totalDEF 14A2026-04-170001871509-26-000024CEO total compensation as printed in Portillo's Inc.'s own proxy. As printed: 1,467,689. Filing ↗machine: r5 · c45 · span 1091132–1091141
53Section 10a, BJ's Restaurants, Inc. reciprocityDEF 14A0001193125-26-169008BJ's Restaurants, Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗
54Section 10a, Portillo's Inc. reciprocityDEF 14A0001871509-26-000024Portillo's Inc. names First Watch Restaurant Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
55Section 10a, Chuy's Holdings, Inc. reciprocityDEF 14A0001524931-24-000072Chuy's Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗
56Section 10a, Dine Brands Global, Inc. reciprocityDEF 14A0001193125-26-127555Dine Brands Global, Inc. names First Watch Restaurant Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
57Section 10a, Wingstop Inc. reciprocityDEF 14A0001193125-26-140360Wingstop Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗
58Section 10a, Dave & Buster's Entertainment, Inc. reciprocityDEF 14A0001525769-26-000018Dave & Buster's Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗
59Section 10a, CAVA Group, Inc. reciprocityDEF 14A0001628280-26-027224CAVA Group, Inc. names First Watch Restaurant Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Shake Shack Inc. reciprocityDEF 14A0001104659-26-051572Shake Shack Inc. names First Watch Restaurant Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Bloomin' Brands, Inc. reciprocityDEF 14A0001546417-26-000015Bloomin' Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗
62Section 10a, Brinker International, Inc. reciprocityDEF 14A0001193125-25-230105Brinker International, Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗
63Section 10a, Cracker Barrel Old Country Store, Inc. reciprocityDEF 14A0001104659-23-107368Cracker Barrel Old Country Store, Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗
64Section 10a, Krispy Kreme, Inc. reciprocityDEF 14A0001193125-26-182138Krispy Kreme, Inc.'s most recent proxy was read; its disclosed peer group does not include First Watch Restaurant Group. Filing ↗