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Director Nominees | | Class | | Age | | Position | | Year Elected to Current Term | | Current Term Expiration | | Expiration of Term for which Nominated | | | Class | | Age | | Position | | Year Elected to Current Term | | Current Term Expiration | | Expiration of Term for which Nominated | | ||||||||||||||||||||||||||||||||||||
Daniel Meyer(1) | | I | | | | 61 | | | Chairman of the Board of Directors | | | | 2016 | | | | | 2019 | | | | | 2022 | | | |||||||||||||||||||||||||||||||||||||
Randy Garutti | | II | | | | 45 | | | Chief Executive Officer and Director | | | | 2017 | | | | | 2020 | | | | | 2023 | | | |||||||||||||||||||||||||||||||||||||
Joshua Silverman(1) | | II | | | | 51 | | | Director | | | | 2017 | | | | | 2020 | | | | | 2023 | | | |||||||||||||||||||||||||||||||||||||
Jonathan D. Sokoloff(2) | | II | | | | 62 | | | Director | | | | 2017 | | | | | 2020 | | | | | 2023 | | | |||||||||||||||||||||||||||||||||||||
Continuing Directors | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||
Daniel Meyer(3) | | I | | | | 62 | | | Chairman of the Board of Directors | | | | 2016 | | | | | 2022 | | | | | - | | | |||||||||||||||||||||||||||||||||||||
Anna Fieler(2) | | I | | | | 47 | | | Director | | | | 2017 | | | | | 2019 | | | | | 2022 | | | | I | | | | 48 | | | Director | | | | 2017 | | | | | 2022 | | | | | - | | | ||||||||||||
Jeff Flug(3) | | I | | | | 56 | | | Director | | | | 2016 | | | | | 2019 | | | | | 2022 | | | |||||||||||||||||||||||||||||||||||||
Continuing Directors | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||
Randy Garutti | | II | | | | 44 | | | Chief Executive Officer and Director | | | | 2017 | | | | | 2020 | | | | | - | | | |||||||||||||||||||||||||||||||||||||
Joshua Silverman(4) | | II | | | | 50 | | | Director | | | | 2017 | | | | | 2020 | | | | | - | | | |||||||||||||||||||||||||||||||||||||
Jonathan D. Sokoloff(2) | | II | | | | 61 | | | Director | | | | 2017 | | | | | 2020 | | | | | - | | | |||||||||||||||||||||||||||||||||||||
Jeff Flug(4) | | I | | | | 57 | | | Director | | | | 2016 | | | | | 2022 | | | | | - | | | |||||||||||||||||||||||||||||||||||||
Sumaiya Balbale(5) | | III | | | | 38 | | | Director | | | | 2019 | | | | | 2021 | | | | | - | | | | III | | | | 39 | | | Director | | | | 2019 | | | | | 2021 | | | | | - | | | ||||||||||||
Jenna Lyons(6) | | III | | | | 50 | | | Director | | | | 2015 | | | | | 2021 | | | | | - | | | | III | | | | 51 | | | Director | | | | 2015 | | | | | 2021 | | | | | - | | | ||||||||||||
Robert Vivian(7) | | III | | | | 60 | | | Director | | | | 2015 | | | | | 2021 | | | | | - | | | | III | | | | 61 | | | Director | | | | 2015 | | | | | 2021 | | | | | - | | |
| | The Board of Directors recommends a vote FOR the election of each of the nominated directors. | | |
Name | | Fees earned or paid in cash ($)(1) | | Restricted Stock Unit Awards ($)(2)(3) | | Total ($) | | | Fees earned or paid in cash ($)(1) | | Restricted Stock Unit Awards ($)(2)(3) | | Total ($) | | ||||||||||||||||||||||||
Daniel Meyer | | | | 25,000 | | | | | 24,999 | | | | | 49,999 | | | | | | 25,000 | | | | | 24,991 | | | | | 49,991 | | | ||||||
Sumaiya Balbale | | | | - | | | | | - | | | | | - | | | | | | 37,500 | | | | | 46,808 | | | | | 84,308 | | | ||||||
Anna Fieler | | | | 37,500 | | | | | 37,499 | | | | | 74,999 | | | | | | 37,500 | | | | | 37,454 | | | | | 74,954 | | | ||||||
Jeff Flug | | | | 42,500 | | | | | 42,498 | | | | | 84,998 | | | | | | 42,500 | | | | | 42,465 | | | | | 84,965 | | | ||||||
Jenna Lyons | | | | 37,500 | | | | | 37,499 | | | | | 74,999 | | | | | | 37,500 | | | | | 37,454 | | | | | 74,954 | | | ||||||
Joshua Silverman | | | | 37,500 | | | | | 37,499 | | | | | 74,999 | | | | | | 37,500 | | | | | 37,454 | | | | | 74,954 | | | ||||||
Jonathan D. Sokoloff | | | | 25,000 | | | | | 24,999 | | | | | 49,999 | | | | | | 25,000 | | | | | 24,991 | | | | | 49,991 | | | ||||||
Robert Vivian | | | | 47,500 | | | | | 47,498 | | | | | 94,998 | | | | | | 47,500 | | | | | 47,477 | | | | | 94,977 | | |
| | 2018 | | 2017 | | | 2019 | | 2018 | | ||||||||||||||||
Audit Fees(1) | | | $ | 1,221,520 | | | | $ | 946,808 | | | | | $ | 1,282,867 | | | | $ | 1,221,520 | | | ||||
Audit Related Fees(2) | | | | 31,400 | | | | | 48,475 | | | | | | - | | | | | 31,400 | | | ||||
Tax Fees | | | | - | | | | | - | | | | | | - | | | | | - | | | ||||
All Other Fees(3) | | | | 75,784 | | | | | - | | | | | | - | | | | | 75,884 | | | ||||
Total Fees | | | $ | 1,328,704 | | | | $ | 995,283 | | | | | $ | 1,282,867 | | | | $ | 1,328,704 | | | ||||
|
| | The Board of Directors recommends a vote FOR the ratification of the appointment of Ernst & Young LLP. | | |
| | The Board of Directors recommends a vote FOR the approval, on an advisory basis, of the compensation of the Named Executive Officers as disclosed in this Proxy Statement. | | |
| | | Shares of Class A Common Stock Beneficially Owned | | | Shares of Class B Common Stock Beneficially Owned | | | Combined Voting Power(1) | | |||||||||||||||||||||
Name of Beneficial Owner | | | Number | | | Percentage | | | Number | | | Percentage | | ||||||||||||||||||
Named Executive Officers and Directors | | | | | | ||||||||||||||||||||||||||
Daniel Meyer(2)(3) | | | | | 325,661 | | | | | | 1.1% | | | | | | 4,551,320 | | | | | | 61.1% | | | | | | 13.1% | | |
Randy Garutti(2)(4) | | | | | 590,581 | | | | | | 2.0% | | | | | | 400,023 | | | | | | 5.4% | | | | | | 2.7% | | |
Tara Comonte(5) | | | | | 14,183 | | | | | | * | | | | | | - | | | | | | - | | | | | | * | | |
Zachary Koff(6) | | | | | 42,053 | | | | | | * | | | | | | - | | | | | | - | | | | | | * | | |
Sumaiya Balbale | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
Anna Fieler(7) | | | | | 989 | | | | | | * | | | | | | - | | | | | | - | | | | | | * | | |
Jeff Flug(2)(8) | | | | | 5,078 | | | | | | * | | | | | | 100,000 | | | | | | 1.3% | | | | | | * | | |
Jenna Lyons(9) | | | | | 16,928 | | | | | | * | | | | | | - | | | | | | - | | | | | | * | | |
Joshua Silverman(10) | | | | | 2,656 | | | | | | * | | | | | | - | | | | | | - | | | | | | * | | |
Jonathan D. Sokoloff(2)(11)(12) | | | | | 724,375 | | | | | | 2.4% | | | | | | 1,267,416 | | | | | | 17.0% | | | | | | 5.4% | | |
Robert Vivian(2)(13) | | | | | 26,892 | | | | | | * | | | | | | 50,851 | | | | | | * | | | | | | * | | |
All directors and executive officers as a group (ten persons) | | | | | 1,749,333 | | | | | | 5.9% | | | | | | 6,369,610 | | | | | | 85.5% | | | | | | 21.9% | | |
Other 5% Stockholders | | | | | | | |||||||||||||||||||||||||
Green Equity Investors VI, L.P., Green Equity Investors Side VI, L.P., and LGP Malted Coinvest LLC(2)(11) | | | | | 713,089 | | | | | | 2.4% | | | | | | 1,267,416 | | | | | | 17.0% | | | | | | 5.3% | | |
12 West Capital Management LP(14) | | | | | 2,597,736 | | | | | | 8.7% | | | | | | - | | | | | | - | | | | | | 7.0% | | |
The Vanguard Group(15) | | | | | 2,893,408 | | | | | | 9.7% | | | | | | - | | | | | | - | | | | | | 7.8% | | |
Blackrock, Inc.(16) | | | | | 3,611,724 | | | | | | 12.2% | | | | | | - | | | | | | - | | | | | | 9.7% | | |
Gilder, Gagnon, Howe & Co. LLC(17) | | | | | 2,026,068 | | | | | | 6.8% | | | | | | - | | | | | | - | | | | | | 5.5% | | |
| | | Shares of Class A Common Stock Beneficially Owned | | | Shares of Class B Common Stock Beneficially Owned | | | Combined Voting Power(1) | | | | | | | | |||||||||||||||||||||
Name of Beneficial Owner | | | Number | | | Percentage | | | Number | | | Percentage | | | | | | ||||||||||||||||||||
Named Executive Officers and Directors | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Daniel Meyer(2) | | | | | 2,690,671 | | | | | | 7.8% | | | | | | 1,861,057 | | | | | | 59.7% | | | | | | 12.1% | | | | | ||||
Randy Garutti(3) | | | | | 578,746 | | | | | | 1.7% | | | | | | 310,023 | | | | | | 9.9% | | | | | | 2.4% | | | | | ||||
Tara Comonte(4) | | | | | 16,778 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
Zachary Koff(5) | | | | | 39,595 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
Sumaiya Balbale(6) | | | | | 741 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
Anna Fieler(7) | | | | | 1,557 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
Jeff Flug(8) | | | | | 5,722 | | | | | | * | | | | | | 50,000 | | | | | | 1.6% | | | | | | * | | | | | ||||
Jenna Lyons(9) | | | | | 12,371 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
Joshua Silverman(10) | | | | | 3,224 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
Jonathan D. Sokoloff(11) | | | | | 11,665 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
Robert Vivian(12) | | | | | 55,424 | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | | | | ||||
All directors and executive officers as a group (eleven persons) | | | | | 3,416,494 | | | | | | 9.9% | | | | | | 2,221,080 | | | | | | 71.3% | | | | | | 15.0% | | | | | ||||
Other 5% Stockholders | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
12 West Capital Management LP(13) | | | | | 2,597,736 | | | | | | 7.5% | | | | | | — | | | | | | — | | | | | | 6.9% | | | | | ||||
The Vanguard Group(14) | | | | | 3,028,033 | | | | | | 8.8% | | | | | | — | | | | | | — | | | | | | 8.0% | | | | | ||||
BlackRock, Inc.(15) | | | | | 4,504,578 | | | | | | 13.0% | | | | | | — | | | | | | — | | | | | | 12.0% | | | | | ||||
Gilder, Gagnon, Howe & Co. LLC(16) | | | | | 2,256,088 | | | | | | 6.5% | | | | | | — | | | | | | — | | | | | | 6.0% | | | | |
Name | | | Age | | | Position | |
Randy Garutti | | | | | Chief Executive Officer and Director | | |
Tara Comonte | | | | | President and Chief Financial Officer | | |
Zachary Koff | | | | | Chief Operating Officer | |
NEO | | | Title | |
Randy Garutti | | | Chief Executive Officer | |
Tara Comonte | | | President and Chief Financial Officer | |
Zachary Koff | | | Chief Operating Officer | |
| | | | | How It’s Paid | | | | Purpose | | | ||
| | Base Salary | | | | Cash (Fixed) | | | | Provides a competitive fixed rate of pay relative to similar positions in the market, and enables the Company to attract and retain critical executive talent | | ||
| |||||||||||||
| | Annual Cash Incentive | | | | Cash (Variable) | | | | Focuses executives on achieving annual financial, strategic and individual goals that drive long-term stockholder value | | ||
| |||||||||||||
| | Long-Term Incentives | | | | Mix of Equity (Variable) | | | | Provides incentives for executives to execute on longer-term financial/strategic growth goals that drive stockholder value creation and support the Company’s leadership retention objectives | | |
| | | | |||||||||
| | | | Ruth’s Hospitality Group, Inc. | | | ||||||
| | | | Texas Roadhouse, Inc. | | | ||||||
| | | ||||||||||
| | The Cheesecake Factory | ||||||||||
| | |||||||||||
| | Etsy, Inc. | | | Vail Resorts, Inc. | | | |||||
| | Floor & Décor Holdings, Inc. | | | | Wingstop Inc. | | | ||||
| | Grubhub Inc. | | | | YETI Holdings, Inc. | | | ||||
| | Planet Fitness, Inc. | | | | | | |
| | | Peer Data ($M)(1) | | | Peer Data ($M)(1) | | | ||||||||||||||||||||||||||||||||||||||||
| | | | | | Corporate Revenue | | | Enterprise Value | | | Market Cap | | | | | | | Corporate Revenue | | | | Enterprise Value | | | | Market Cap | | | |||||||||||||||||||
| | | | Median | | | | $ | 902 | | | | | $ | 2,085 | | | | | $ | 1,881 | | | | Median | | | | | $ | 914 | | | | | | $ | 4,360 | | | | | | $ | 3,950 | | | |
| | | | SHAK | | | | $ | 459 | | | | | $ | 1,310 | | | | | $ | 1,334 | | | | SHAK | | | | | $ | 595 | | | | | | $ | 2,500 | | | | | | $ | 2,240 | | | |
| | | | Estimated Percentile Rank of SHAK within Peer Group | | | | | 31st | | | | | | 40th | | | | | | 42nd | | | | Estimated Percentile Rank of SHAK within Peer Group | | | | | | 29th | | | | | | | 21st | | | | | | | 29th | | | |
NEO | | | 2017 Base Pay | | | 2018 Base Pay | | | % Change | | |||||||||
Randy Garutti | | | | $ | 525,000 | | | | | $ | 540,750 | | | | | | 3% | | |
Tara Comonte | | | | $ | 450,000 | | | | | $ | 472,500 | | | | | | 5% | | |
Zachary Koff | | | | $ | 250,000 | | | | | $ | 275,000 | | | | | | 10% | | |
NEO | | | 2018 Base Pay | | | 2019 Base Pay | | | % Change | | |||||||||
Randy Garutti | | | | $ | 540,750 | | | | | $ | 600,233 | | | | | | 11% | | |
Tara Comonte | | | | $ | 472,500 | | | | | $ | 524,475 | | | | | | 11% | | |
Zachary Koff | | | | $ | 275,000 | | | | | $ | 300,000 | | | | | | 9% | | |
| | Target Annual Cash Award Opportunity (as% of Base Salary) | | | Target Annual Cash Award Opportunity (as % of Base Salary) | | ||||||||||||||||||||||||||||||||
NEO | | Threshold | | Target | | Maximum | | | Threshold | | Target | | Maximum | | ||||||||||||||||||||||||
Randy Garutti | | | | 0% | | | | | 55% | | | | | 110% | | | | | | 0% | | | | | 75% | | | | | 150% | | | ||||||
Tara Comonte | | | | 0% | | | | | 50% | | | | | 100% | | | | | | 0% | | | | | 50% | | | | | 100% | | | ||||||
Zachary Koff | | | | 0% | | | | | 35% | | | | | 58.45% | | | | | | 0% | | | | | 35% | | | | | 58.45% | | |
| | | Weighting | | |||||||||
Performance Metrics | | | CEO | | | Other NEOs | | ||||||
Total Revenue vs Budget* | | | | | 50% | | | | | | 40% | | |
Adjusted EBITDA vs Budget** | | | | | 50% | | | | | | 40% | | |
Individual Performance (Individual Performance and Goal Achievement) | | | | | 0% | | | | | | 20% | | |
| Financial Performance Metric | | Target Performance Goal ($) | | | Range of Performance Achievement | | | Actual% of Achievement | | Actual % of Payout | | Financial Performance Metric | | Target Performance Goal ($) | | | Range of Performance Achievement | | | Actual % of Achievement | | Actual % of Payout | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Threshold | | Target | | Maximum | | | Threshold | | Target | | Maximum | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | | | $ | 445,563,990 | | | | | 90% | | | | | 100% | | | | | 110% | | | | | 103.1% | | | | | 130.9% | | | Total Revenue | | | $ | 572,467,655 | | | | | 90% | | | | | 100% | | | | | 105% | | | | | 103.9% | | | | | 177.0% | | | ||||||||||||
| Adjusted EBITDA | | | $ | 74,805,500 | | | | | 90% | | | | | 100% | | | | | 120% | | | | | 107.4% | | | | | 137.2% | | | Adjusted EBITDA | | | $ | 84,787,722 | | | | | 90% | | | | | 100% | | | | | 115% | | | | | 105.5% | | | | | 136.9% | | | ||||||||||||
| Total Payout | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 134.0% | | | Total Payout | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 156.9% | | |
| NEO | | Base Salary | | Target Annual Award (% of Base Salary) | | Target Annual Incentive Value ($) | | Financial Performance Actual Achievement | | Individual Performance Actual Achievement | | Total Award Payout Value | | NEO | | Base Salary | | Target Annual Award (% of Base Salary) | | Target Annual Incentive Value ($) | | Financial Performance Actual Achievement | | Individual Performance Actual Achievement | | Total Award Payout Value | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Randy Garutti | | | $ | 540,750 | | | | | 55% | | | | $ | 297,413 | | | | | 134.0% | | | | | 159% | | | | $ | 413,427 | | | Randy Garutti | | | $ | 600,233 | | | | | 75% | | | | $ | 450,175 | | | | | 156.9% | | | | | N/A | | | | $ | 706,527 | | | ||||||||||||
| Tara Comonte | | | $ | 472,500 | | | | | 50% | | | | $ | 236,250 | | | | | 134.0% | | | | | 188% | | | | $ | 341,910 | | | Tara Comonte | | | $ | 524,475 | | | | | 50% | | | | $ | 257,740 | | | | | 156.9% | | | | | 150% | | | | $ | 400,930 | | | ||||||||||||
| Zachary Koff | | | $ | 275,000 | | | | | 35% | | | | $ | 96,250 | | | | | 122.8% | | | | | 95% | | | | $ | 112,844 | | | Zachary Koff | | | $ | 300,000 | | | | | 35% | | | | $ | 103,486 | | | | | 145.8% | | | | | 100% | | | | $ | 135,074 | | |
Performance Metrics | | | Weighting | | |||
Total Revenue* | | | | | 50% | | |
Adjusted EBITDA** | | | | | 50% | | |
| Financial Performance Metric | | Target Performance Goal ($) | | | Range of Performance Achievement | | | Actual% of Achievement | | Actual % of Payout | | Financial Performance Metric | | Target Performance Goal ($) | | | Range of Performance Achievement | | | Actual % of Achievement | | Actual % of Payout | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Threshold | | Target | | Maximum | | | Threshold | | Target | | Maximum | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | | | $ | 445,563,990 | | | | | 95% | | | | | 100% | | | | | 110% | | | | | 103.1% | | | | | 107.7% | | | Total Revenue | | | $ | 572,467,655 | | | | | 95% | | | | | 100% | | | | | 105% | | | | | 103.9% | | | | | 119.3% | | | ||||||||||||
| Adjusted EBITDA | | | $ | 69,890,818 | | | | | 95% | | | | | 100% | | | | | 120% | | | | | 105.7% | | | | | 107.1% | | | Adjusted EBITDA | | | $ | 84,787,722 | | | | | 95% | | | | | 100% | | | | | 120% | | | | | 105.5% | | | | | 106.9% | | | ||||||||||||
| Total Payout | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 107.4% | | | Total Payout | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 113.1% | | |
| | | Target PSUs Granted for 2018 | | Actual RSUs Earned for 2018 | | | | Target PSUs Granted for 2019 | | Actual PSUs Earned for 2019 | | ||||||||||||||||||||||||||
NEO | | PSUs (#) | | PSUs ($) | | RSUs (#) | | | PSUs (#) | | PSUs ($) | | PSUs (#) | | ||||||||||||||||||||||||
Randy Garutti | | | | 5,132 | | | | $ | 300,017 | | | | | 5,514 | | | | | | 7,147 | | | | $ | 375,003 | | | | | 8,077 | | | ||||||
Tara Comonte | | | | 2,566 | | | | $ | 150,008 | | | | | 2,760 | | | | | | 4,765 | | | | $ | 250,020 | | | | | 5,385 | | | ||||||
Zachary Koff | | | | 2,327 | | | | $ | 136,036 | | | | | 2,501 | | | | | | 3,812 | | | | $ | 200,016 | | | | | 4,310 | | |
| Named Executive Officer and Principal Position | | Year | | Salary ($) | | Bonus ($)(1) | | Stock Awards ($)(2) | | Option Awards ($)(3) | | Non-Equity Incentive Plan Compensation ($) | | Nonqualified Deferred Compensation Earnings ($) | | All Other Compensation ($)(4) | | Total ($) | | Named Executive Officer and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(1) | | Option Awards ($)(2) | | Non-Equity Incentive Plan Compensation ($) | | Nonqualified Deferred Compensation Earnings ($) | | All Other Compensation ($)(3) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Randy Garutti Chief Executive Officer | | | | | 2018 | | | | | 540,750 | | | | | 2,450,000 | | | | | 303,362 | | | | | — | | | | | 413,427 | | | | | — | | | | | 97,872 | | | | | 3,805,411 | | | Randy Garutti Chief Executive Officer | | | | | 2019 | | | | | 600,233 | | | | | | | | | | 787,506 | | | | | — | | | | | 706,527 | | | | | — | | | | | 221,650 | | | | | 2,315,916 | | | ||||||||||||||||
| | | 2017 | | | | | 525,000 | | | | | — | | | | | 285,452 | | | | | — | | | | | 263,600 | | | | | — | | | | | — | | | | | 1,074,052 | | | | | | 2018 | | | | | 540,750 | | | | | 2,450,000 | | | | | 303,362 | | | | | — | | | | | 413,427 | | | | | — | | | | | 97,872 | | | | | 3,805,411 | | | |||||||||||||||||||||
| | | 2016 | | | | | 500,000 | | | | | — | | | | | 351,821 | | | | | — | | | | | 368,750 | | | | | — | | | | | — | | | | | 1,220,571 | | | | | | 2017 | | | | | 525,000 | | | | | — | | | | | 285,452 | | | | | — | | | | | 263,600 | | | | | — | | | | | — | | | | | 1,074,052 | | | |||||||||||||||||||||
| Tara Comonte Chief Financial Officer | | | | | 2018 | | | | | 472,067 | | | | | — | | | | | 651,686 | | | | | 100,015 | | | | | 341,910 | | | | | — | | | | | 12,719 | | | | | 1,078,392 | | | Tara Comonte President, Chief Financial Officer | | | | | 2019 | | | | | 524,475 | | | | | — | | | | $ | 1,025,046 | | | | | 100,000 | | | | | 400,930 | | | | | — | | | | | 8,933 | | | | | 2,059,383 | | | ||||||||||||||||
| | | 2017 | | | | | 247,500 | | | | | 351,250 | | | | | 1,635,621 | | | | | 100,003 | | | | | 123,750 | | | | | — | | | | | 12,673 | | | | | 2,470,797 | | | | | | 2018 | | | | | 472,067 | | | | | — | | | | | 651,686 | | | | | 100,015 | | | | | 341,910 | | | | | — | | | | | 12,719 | | | | | 1,078,392 | | | |||||||||||||||||||||
| Zachary Koff Chief Operating Officer | | | | | 2018 | | | | | 274,519 | | | | | — | | | | | 137,553 | | | | | — | | | | | 112,844 | | | | | — | | | | | 815 | | | | | 525,731 | | | | | | 2017 | | | | | 247,500 | | | | | 351,250 | | | | | 1,635,621 | | | | | 100,003 | | | | | 123,750 | | | | | — | | | | | 12,673 | | | | | 2,470,797 | | | ||||||||||||||||||
| | | 2017 | | | | | 249,591 | | | | | — | | | | | 130,705 | | | | | — | | | | | 79,748 | | | | | — | | | | | — | | | | | 460,044 | | | Zachary Koff Chief Operating Officer | | | | | 2019 | | | | | 300,000 | | | | | — | | | | | 420,034 | | | | | — | | | | | 135,074 | | | | | — | | | | | | | | | | 856,738 | | | |||||||||||||||||||
| | | 2016 | | | | | 228,757 | | | | | — | | | | | 139,826 | | | | | — | | | | | 81,984 | | | | | — | | | | | — | | | | | 450,567 | | | | | | 2018 | | | | | 274,519 | | | | | — | | | | | 137,553 | | | | | — | | | | | 112,844 | | | | | — | | | | | 815 | | | | | 525,731 | | | |||||||||||||||||||||
| | | | 2017 | | | | | 249,591 | | | | | — | | | | | 130,705 | | | | | — | | | | | 79,748 | | | | | — | | | | | — | | | | | 460,044 | | |
| | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards | | Estimated Future Payouts Under Equity Incentive Plan Awards | | | All Other Stock Awards: Number of Shares of Stock or Units | | All Other Option Awards: Number of Securities Underlying Options | | Exercise or Base Price of Option Awards | | Grant Date Fair Value of Stock and Option Awards | | | | | | | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards | | Estimated Future Payouts Under Equity Incentive Plan Awards | | | All Other Stock Awards: Number of Shares of Stock or Units | | All Other Option Awards: Number of Securities Underlying Options | | Exercise or Base Price of Option Awards | | Grant Date Fair Value of Stock and Option Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Grant | | Threshold | | Target | | Maximum | | Threshold | | Target | | Maximum | | | | | | | | | Grant | | Threshold | | Target | | Maximum | | Threshold | | Target | | Maximum | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Named Executive Officer | | Date | | ($) | | ($) | | ($) | | (#)(1) | | (#)(1) | | (#)(1) | | (#)(2) | | (#)(2) | | ($/Sh) | | ($)(2) | | | Type | | Date | | ($) | | ($) | | ($) | | (#)(1) | | (#)(1) | | (#)(1) | | (#)(2) | | (#)(2) | | ($/Sh) | | ($)(2) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Randy Garutti | | | | 1/1/2018 | | | | | — | | | | | 297,413 | | | | | 594,825 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | Cash Bonus | | | | | 1/1/2019 | | | | | — | | | | | 487,175 | | | | | 900,350 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | | |||||||||||||||||||||||||||
| | | | 5/18/2018 | | | | | — | | | | | — | | | | | — | | | | | 1,026 | | | | | 5,132 | | | | | 6,415 | | | | | — | | | | | — | | | | | — | | | | | 303,362 | | | | | | RSUs | | | | | 3/1/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,147 | | | | | — | | | | | — | | | | | 375,003 | | | |||||||||||||||||||||||
| | | | PSUs | | | | | 3/1/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,147 | | | | | 8,934 | | | | | — | | | | | — | | | | | — | | | | | 412,503 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tara Comonte | | | | 1/1/2018 | | | | | — | | | | | 236,250 | | | | | 472,500 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | | | | | Cash Bonus | | | | | 1/1/2019 | | | | | — | | | | | 257,740 | | | | | 515,479 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | | |||||||||||||||||||||||
| | | | RSUs | | | | | 1/3/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 11,413 | | | | | — | | | | | — | | | | | 500,004 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 1/3/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 11,447 | | | | | — | | | | | — | | | | | 500,005 | | | | | | RSUs | | | | | 3/1/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,765 | | | | | — | | | | | — | | | | | 250,020 | | | |||||||||||||||||||||||
| | | | 3/22/2018 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,036 | | | | | 39.91 | | | | | 100,015 | | | | | | PSUs | | | | | 3/1/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,765 | | | | | 5,956 | | | | | — | | | | | — | | | | | — | | | | | 275,022 | | | |||||||||||||||||||||||
| | | | 5/18/2018 | | | | | — | | | | | — | | | | | — | | | | | 513 | | | | | 2,566 | | | | | 3,208 | | | | | — | | | | | — | | | | | — | | | | | 151,681 | | | | | | Options | | | | | 3/22/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,785 | | | | | 54.36 | | | | | 100,000 | | | |||||||||||||||||||||||
Zachary Koff | | | | 1/1/2018 | | | | | — | | | | | 96,250 | | | | | 160,738 | | | | | — | | | | | | | Cash Bonus | | | | | 1/1/2019 | | | | | — | | | | | 103,486 | | | | | 172,821 | | | | | — | | | | | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 5/18/2018 | | | | | — | | | | | — | | | | | — | | | | | 465 | | | | | 2,327 | | | | | 2,909 | | | | | — | | | | | — | | | | | — | | | | | 137,553 | | | | | | RSUs | | | | | 3/1/2019 | | | | | — | | | | | — | | | | | — | | | | | �� | | | | | — | | | | | — | | | | | 3,812 | | | | | — | | | | | — | | | | | 200,016 | | | |||||||||||||||||||||||
| | | | PSUs | | | | | 3/1/2019 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,812 | | | | | 4,765 | | | | | — | | | | | — | | | | | — | | | | | 220,017 | | |
| | | Option Awards | | Stock Awards | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Named Executive Officer | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($) | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(1) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Randy Garutti | | | | 411,000 | | | | | 274,000(2) | | | | | 21.00 | | | | | 1/29/2025 | | | | | 13,273 | | | | | 573,526(3) | | | | | — | | | | | — | | | | | | 398,000 | | | | | 137,000(2) | | | | | 21.00 | | | | | 1/29/2025 | | | | | 13,184 | | | | | 790,381(3) | | | | | 7,147 | | | | | 428,463(9) | | | ||||||||||||||||
Tara Comonte | | | | 1,030 | | | | | 4,120(4) | | | | | 38.91 | | | | | 6/12/2027 | | | | | 47,243 | | | | | 2,041,370(5) | | | | | — | | | | | — | | | | | | 60 | | | | | 3,090(4) | | | | | 38.91 | | | | | 6/12/2027 | | | | | 51,404 | | | | | 3,081,670(5) | | | | | 4,765 | | | | | 285,662(9) | | | ||||||||||||||||
| | | | — | | | | | 5,036(6) | | | | | 39.91 | | | | | 3/22/2028 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | 1,007 | | | | | 4,029(6) | | | | | 39.91 | | | | | 3/22/2028 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||
| | | | | | | | | 3,785(7) | | | | | 54.36 | | | | | 3/22/2029 | | | | | — | | | | | — | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Zachary Koff | | | | 24,600 | | | | | 42,400(2) | | | | | 21.00 | | | | | 1/29/2025 | | | | | 5,872 | | | | | 253,729(7) | | | | | — | | | | | — | | | | | | 10,800 | | | | | 21,200(2) | | | | | 21.00 | | | | | 1/29/2025 | | | | | 6,561 | | | | | 393,332(8) | | | | | 3,812 | | | | | 228,529(9) | | |
| | | Option Awards | | Stock Awards | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||
Named Executive Officer | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($) | | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($) | | ||||||||||||||||||||||||||||||||
Randy Garutti | | | | — | | | | | — | | | | | 5,397 | | | | | 275,845 | | | | | | 150,000 | | | | | 11,127,392 | | | | | 7,236 | | | | | 439,177 | | | ||||||||
Tara Comonte | | | | — | | | | | — | | | | | 8,808 | | | | | 564,593 | | | | | | 2,000 | | | | | 90,374 | | | | | 12,017 | | | | | 740,202 | | | ||||||||
Zachary Koff | | | | 11,000 | | | | | 363,000 | | | | | 2,286 | | | | | 117,902 | | | | | | 35,000 | | | | | 1,879,991 | | | | | 3,123 | | | | | 189,317 | | |
Named Executive Officer | | | Named Executive Officer Contributions In Last Fiscal Year ($) | | | Registrant Contributions in Last Fiscal Year ($) | | | Aggregate Earnings in Fiscal | | | Aggregate Withdrawals/ Distributions ($) | | | Aggregate Balance at December | | |||||||||||||||
Randy Garutti | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | — | | | |
Tara Comonte | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Zachary Koff | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | Potential Payments Upon Termination without Cause or Resignation with Good Reason(1) | | ||||||||||||||||||
| | | | Compensation Element | | | Mr. Garutti(3) | | | Ms. Comonte | | | Mr. Koff | | |||||||||
| | | | Accrued and Unpaid Salary and Other Benefits ($) | | | | | 20,798 | | | | | | 19,044 | | | | | | 29,615 | | |
| | | | Annual Bonus ($) | | | | | 413,427 | | | | | | 341,910 | | | | | | 112,844 | | |
| | | | Salary through Employment Term ($) | | | | | 811,125 | | | | | | 472,500 | | | | | | 275,000 | | |
| | | | Total Cash Payments ($) | | | | | 1,245,350 | | | | | | 833,454 | | | | | | 417,459 | | |
| | | | Acceleration of Unvested Equity Awards ($)(2) | | | | | 6,579,690 | | | | | | 90,655 | | | | | | 392,384 | | |
| | | | Company portion of 12 months of COBRA ($) | | | | | 8,745 | | | | | | 8,745 | | | | | | 8,745 | | |
| | | | TOTAL | | | | | 7,833,785 | | | | | | 932,854 | | | | | | 818,588 | | |
| | | | Potential Payments Upon Termination Due to Death or Disability(4) | | ||||||||||||||||||
| | | | Compensation Element | | | Mr. Garutti | | | Ms. Comonte | | | Mr. Koff | | |||||||||
| | | | Acceleration of Unvested Equity Awards ($)(5) | | | | | 79,377 | | | | | | 39,796 | | | | | | 35,994 | | |
| | | | TOTAL ($) | | | | | 7,913,162 | | | | | | 972,650 | | | | | | 854,582 | | |
| | Potential Payments Upon Termination without Cause or Resignation with Good Reason(1) | | | |||||||||||||||||||||
| | Compensation Element | | | | Mr. Garutti(3) | | | | Ms. Comonte | | | | Mr. Koff | | | |||||||||
| | Accrued and Unpaid Salary and Other Benefits ($) | | | | | | 22,976 | | | | | | | 46,396 | | | | | | | 31,276 | | | |
| | Annual Bonus ($) | | | | | | 706,527 | | | | | | | 400,930 | | | | | | | 135,074 | | | |
| | Salary through Employment Term ($) | | | | | | 900,350 | | | | | | | 524,755 | | | | | | | 300,000 | | | |
| | Total Cash Payments ($) | | | | | | 1,629,852 | | | | | | | 971,800 | | | | | | | 466,350 | | | |
| | Acceleration of Unvested Equity Awards ($)(2) | | | | | | 5,912,329 | | | | | | | 607,342 | | | | | | | 866,747 | | | |
| | Company portion of 12 months of COBRA ($) | | | | | | 8,745 | | | | | | | 8,745 | | | | | | | 8,745 | | | |
| | TOTAL | | | | | | 7,550,927 | | | | | | | 1,587,888 | | | | | | | 1,341,842 | | | |
| | Potential Payments Upon Termination Due to Death or Disability(4) | | | |||||||||||||||||||||
| | Compensation Element | | | | Mr. Garutti | | | | Ms. Comonte | | | | Mr. Koff | | | |||||||||
| | Acceleration of Unvested Equity Awards ($)(5) | | | | | | 107.116 | | | | | | | 71,415 | | | | | | | 57,132 | | | |
| | TOTAL ($) | | | | | | 7,658,043 | | | | | | | 1,659,303 | | | | | | | 1,398,974 | | | |
| | | Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) | | Weighted-average exercise price of outstanding options, warrants and rights (b) | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)(2) | | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) | | Weighted-average exercise price of outstanding options, warrants and rights (b) | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)(2) | | ||||||||||||||||||||||
Equity compensation plans approved by security holders(1) | | | | 1,360,983 | | | | $ | 21.25 | | | | | 3,476,319 | | | | | | 890,267 | | | | $ | 21.44 | | | | | 3,338,374 | | | ||||||
Equity compensation plans not approved by security holders | | | | | — | | | | | — | | | | | — | | | | | | | — | | | | | — | | | | | — | | | ||||
Total | | | | | 1,360,983 | | | | $ | 21.25 | | | | | 3,476,319 | | | | | | | 890,267 | | | | $ | 21.44 | | | | | 3,338,374 | | | |
| | Redeeming Owners of SSE Holdings | | | | Effective Dates of Redemption | | | | Shares of Class A Common Stock Issued upon Redemption | | | ||
| | | | | January 25, | | | 10,000 | | | ||||
| | | | | February | | | 25,000 | | | ||||
| | | | | March 25, 2019 | | | | 50,000 | | | |||
| | Randy Garutti(1) | | | | April 25, 2019 | | | | 15,000 | | | ||
| | Randy Garutti(2) | | | | June 26, | | | | 25,000 | | | ||
| | Randy Garutti(2) | | | | July 25, 2019 | | | | 50,000 | | | ||
| | Gramercy Tavern Corp | | | | August 16, 2019 | | | | 2,690,263 | | | ||
| | Amy Weiss-Meyer Qualified Minor’s Trust Dated 12/22/05 | | | | July 25, 2019 | | | | 1,100 | | | ||
| | Charles Meyer Qualified Minor’s Trust Dated 11/23/05 | | | | July 25, 2019 | | | | 5,160 | | | ||
| | Charles Meyer Qualified Minor’s Trust Dated 11/23/05 | | | | October 1, 2019 | | | | 9,216 | | | ||
| | David A. Swinghamer | | | | March 25, 2019 | | | | 15,000 | | | ||
| | David A. Swinghamer | | | | July 25, 2019 | | | | 15,000 | | | ||
| | David A. Swinghamer | | | | September 25, 2019 | | | | 20,000 | | | ||
| | Erin Moran | | | | | | | 20,000 | | ||||
| ||||||||||||||
| | |||||||||||||
| | | | | 14,342 | | | |||||||
| | Flug 2015 GS Trust U/A/D 12/29/15 | | | July 25, | | | 50,000 | | | ||||
| | | | April 25, | | | 313,283 | | | |||||
| | | | May 25, | | | 313,283 | | | |||||
| | | | December 12, 2019 | | | 554,633 | | | |||||
| | Trust Dated 11/23/05 | | | July 25, | | | 5,160 | | | ||||
| | Trust Dated 11/23/05 | | | October 1, 2019 | | | 9,216 | | | ||||
| | Dated 11/23/05 | | | July 25, 2019 | | | 7,200 | | | ||||
| | Dated 11/23/05 | | | October 1, 2019 | | | 7,176 | | | ||||
| | Trust Dated 12/22/05 | | |||||||||||
| | July 25, | ||||||||||||
| | | | |||||||||||
|
| | Redeeming Owners of SSE Holdings | | | | Effective Dates of Redemption | | | | Shares of Class A Common Stock Issued upon Redemption | | | ||
| | Joan W. Harris Revocable Trust Dated 4/1/93 | | | | | | 10,000 | | | ||||
| | | | October 25, | | | 5,000 | | | |||||
| | |||||||||||||
| | | | |||||||||||
| | 15,000 | | |||||||||||
| ||||||||||||||
| | LGP Malted Coinvest LLC | | | April 25, | | | 22,870 | | | ||||
| | LGP Malted Coinvest LLC | | | May 25, | | | 22,870 | | | ||||
| | LGP Malted Coinvest LLC | | | December 12, 2019 | | | 40,477 | | | ||||
| | Marc Weiss Revocable Trust U/A/D 8/11/2003 | | | October 1, 2019 | | | | 6,354 | | | |||
| | Peyton Meyer Qualified Minor’s Trust Dated 11/23/05 | | | | July 25, 2019 | | | | 6,640 | | | ||
| | Peyton Meyer Qualified Minor’s Trust Dated 11/23/05 | | | | October 1, 2019 | | | | 7,736 | | | ||
| | Richard Coraine 2012 Family Trust | | | | June 25, 2019 | | | | 10,000 | | | ||
| | Richard Coraine 2012 Family Trust | | | | October 25, | | | 10,000 | | | |||
| | Robert Vivian | | | | August 27, 2019 | | | | 25,000 | | | ||
| | VHP Special Trust For Jack Dated 12/31/12 | | | | February 25, 2019 | | | | 3,832 | | | ||
| | Nancy Meyer | | | | July 25, 2019 | | | | 589 | | |