European Wax Center, Inc. (NASDAQ: EWCZ) announced on August 19, 2025, that its Board of Directors approved inducement grants to Angela Jaskolski, the company's Chief Operating Officer, and Kurtis Smith, the Chief Development Officer. These grants were made under the company’s 2025 Inducement Plan.
Ms. Jaskolski received restricted stock units (RSUs) covering 125,000 shares of Class A common stock and non-qualified stock option awards to purchase 465,000 shares, with exercise prices of $4.66, $9.00, and $12.00. Mr. Smith received RSUs covering 95,000 shares and non-qualified stock option awards to purchase 350,000 shares, with exercise prices of $4.69, $9.00, and $12.00.
The RSUs for both executives will vest in equal installments on each of the first four anniversaries of their respective effective dates of employment, while the stock options will vest in full on the fourth anniversary. These grants are designed to align the executives' long-term interests with those of the company and its shareholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.