Brett Schulman

Chief Executive Officer & President at CAVA GROUP

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

Theodore Xenohristos

Chief Concept Officer

Jennifer Somers

Chief Operations Officer

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 Snacks	Partner	2006-2015	Nationally distributed snack food company
Snikiddy Snacks	Chief Operating Officer	2006-2010
Deutsche Bank Alex. Brown	Vice President	N/A	Held various financial positions

Fixed Compensation

Data from FY 2023

Component Name	Amount ($)	Payment Schedule	Additional Details
Base Salary	647,362	Annual (2023)	Fixed base salary for 2023
Company 401(k) Match	692	Annual (2023)	Component of All Other Compensation
Life Insurance Premiums	1,526	Annual (2023)	Component of All Other Compensation
Value of Benefits Discount	16,849	Annual (2023)	Component of All Other Compensation
Executive Physical	4,200	Annual (2023)	Component of All Other Compensation
Executive Cybersecurity	2,000	Annual (2023)	Component of All Other Compensation

Performance Compensation

Data from FY 2023

Annual Performance-Based Cash Bonus

Metric	Value	Additional Details [Citations]
Bonus Threshold	50% of base salary
Bonus Target	100% of base salary
Bonus Maximum	200% of base salary
Company Performance Weight	75%
Individual Performance Weight	25%
Adjusted EBITDA Achievement	200% of target achieved
Payout Multiplier (Company portion)	150%
Total Bonus Earned	$1,300,000
Payment Schedule	Annual (2023)
Vesting	N/A (cash-based bonus)

CAVA Short-Term Incentive Plan

Metric	Value	Additional Details [Citations]
Bonus Threshold	50% of base salary
Bonus Target	100% of base salary
Bonus Maximum	200% of base salary
Company Performance Weight	75%
Individual Performance Weight	25%
Adjusted EBITDA Achievement	200% of target achieved
Payout Multiplier (Company portion)	150%
Vesting Schedule	Not detailed

CEO IPO Award

Metric	Value	Additional Details [Citations]
Grant Date	June 14, 2023
Grant Date Fair Value	$14,625,000
Grant Components	50% RSUs, 50% Stock Options
Number of Awards	332,386 RSUs, 647,123 stock options
Grant Date Stock Price	$22.00 (for stock options)
Vesting Schedule	Five equal annual installments starting June 14, 2024
Acceleration Conditions	Accelerated vesting upon qualifying termination or change in control
Performance Metrics	Not applicable (time-based award)