European Wax Center, Inc. (NASDAQ: EWCZ) announced on March 21, 2025, that its Board of Directors approved inducement grants to Katie Mullen, the company's newly appointed Chief Commercial Officer. These grants were made under the company’s 2025 Inducement Plan, in accordance with Nasdaq Listing Rule 5635(c)(4).
The compensation package for Ms. Mullen includes restricted stock units (RSUs) covering 160,000 shares of Class A common stock and non-qualified stock option awards to purchase 580,000 shares. The stock options have exercise prices of $3.99, $9.00, and $12.00.
The RSUs will vest in equal installments on each of the first four anniversaries of January 28, 2025, while the stock options will vest in full on the fourth anniversary of the same date. These grants are contingent upon Ms. Mullen's continued employment and are designed to align her incentives with the company's long-term performance.
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