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    Brett Schulman

    Chief Executive Officer & President at CAVA Group Inc
    Board
    Since 2010
    Age
    52 years
    Education
    Holds a B.A. in Behavioral and Social Sciences from the University of Maryland.
    Tenure
    Co-founded CAVA in 2010 and has served as Chief Executive Officer, President, and a member of the Board of Directors since then.

    Also at CAVA Group Inc

    TX
    Theodore Xenohristos
    Chief Concept Officer
    JS
    Jennifer Somers
    Chief Operations Officer
    RB
    Robert Bertram
    Chief Legal Officer & Secretary

    About

    Brett Schulman is the Chief Executive Officer, President, and a member of the Board of Directors at CAVA. He co-founded the company in 2010 and has led its growth and development since then, demonstrating extensive expertise in leadership and finance.

    With a solid educational foundation, he earned a B.A. in Behavioral and Social Sciences from the University of Maryland. His academic background has played a key role in shaping his approach to business and strategic management.

    Before embarking on his journey with CAVA, he held several influential positions in the financial sector, including roles at Deutsche Bank Alex. Brown and a significant tenure at Snikiddy Snacks, where he contributed as both a Partner and Chief Operating Officer from 2006 to 2015.

    Throughout his career, his leadership at CAVA has been marked by innovative strategic decisions and a commitment to operational excellence, making him a central figure in the company's continued success.

    $CAVA Performance Under Brett Schulman

    Past Roles

    Organization Role Date Range Details
    Snikiddy SnacksPartner2006-2015 Nationally distributed snack food company
    Snikiddy SnacksChief Operating Officer2006-2010
    Deutsche Bank Alex. BrownVice PresidentN/A Held various financial positions

    Fixed Compensation

    Data from  FY 2023
    Component NameAmount ($)Payment ScheduleAdditional Details
    Base Salary647,362 Annual (2023)Fixed base salary for 2023
    Company 401(k) Match692 Annual (2023)Component of All Other Compensation
    Life Insurance Premiums1,526 Annual (2023)Component of All Other Compensation
    Value of Benefits Discount16,849 Annual (2023)Component of All Other Compensation
    Executive Physical4,200 Annual (2023)Component of All Other Compensation
    Executive Cybersecurity2,000 Annual (2023)Component of All Other Compensation

    Performance Compensation

    Data from  FY 2023

    Annual Performance-Based Cash Bonus

    MetricValueAdditional Details [Citations]
    Bonus Threshold50% of base salary
    Bonus Target100% of base salary
    Bonus Maximum200% of base salary
    Company Performance Weight75%
    Individual Performance Weight25%
    Adjusted EBITDA Achievement200% of target achieved
    Payout Multiplier (Company portion)150%
    Total Bonus Earned$1,300,000
    Payment ScheduleAnnual (2023)
    VestingN/A (cash-based bonus)

    CAVA Short-Term Incentive Plan

    MetricValueAdditional Details [Citations]
    Bonus Threshold50% of base salary
    Bonus Target100% of base salary
    Bonus Maximum200% of base salary
    Company Performance Weight75%
    Individual Performance Weight25%
    Adjusted EBITDA Achievement200% of target achieved
    Payout Multiplier (Company portion)150%
    Vesting ScheduleNot detailed

    CEO IPO Award

    MetricValueAdditional Details [Citations]
    Grant DateJune 14, 2023
    Grant Date Fair Value$14,625,000
    Grant Components50% RSUs, 50% Stock Options
    Number of Awards332,386 RSUs, 647,123 stock options
    Grant Date Stock Price$22.00 (for stock options)
    Vesting ScheduleFive equal annual installments starting June 14, 2024
    Acceleration ConditionsAccelerated vesting upon qualifying termination or change in control
    Performance MetricsNot applicable (time-based award)