Sundar PichaiSundar Pichai earned $164M in 2023

David L. Willis is the current CEO of European Wax Center, a role he assumed on September 30, 2023, after serving as the President and Chief Operating Officer. He joined the company in 2016 and has held several key positions,...

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David L. Willis

Ex-CEO of European Wax Center

Education

B.B.A. in accounting from the University of Oklahoma, M.B.A. from the University of Tulsa

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Defensive

CEO of European Wax Center for

1 year 3 months (Sep 2023 - Jan 2025)

Previous Experience

Served as Chief Financial Officer, Chief Operating Officer, and President at European Wax Center, Inc.

Rivals

Competitors/colleagues of David L. Willis

Holdings

See how much did David L. Willis make over time.

David L. Willis has been actively involved in insider trading at European Wax Center, reflecting his confidence in the company's prospects. His trading peaked during a series of high-value transactions in 2022, where he recorded sales close to $1.4 million...

Total Stock Sold

$847.00K

EWCZ

$847.00K

35,000 EWCZ shares

What if they kept their stock?

If David L. Willis didn't sell their stock, today they would have:
Extra EWCZ35,000 shares worth $748.65K.
This is -11.61% and $98.35K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David L. Willis.

EWCZ

38,481 shares

EWCZ

Mar 7, 2024

Received

EWCZ

5,015 shares

EWCZ

Sep 30, 2023

Received

EWCZ

20,074 shares

EWCZ

Mar 14, 2023

Received

EWCZ

$752.50K

EWCZ at $21.50/share

May 24, 2022

Sale

EWCZ

10,000 shares

EWCZ

Feb 16, 2022

Received

EWCZ

$204.00K

EWCZ at $17.00/share

Aug 5, 2021

Purchase

EWCZ

26,471 shares

EWCZ

Aug 5, 2021

Received

Compensation History

See how much did David L. Willis make over time.

In 2023, David L. Willis received a total compensation package worth $828,606 as the CEO of European Wax Center. This included a base salary of $509,554 along with a bonus of $288,365, which was based on various performance metrics. The compensation structure is designed to align his interests with those of the shareholders, rewarding him for achieving specific corporate goals. Notably, David's compensation represents a competitive package in the industry, reflecting his pivotal role in guiding the company forward amidst changing market conditions. In his prior roles, he has consistently been recognized for his contributions, ensuring European Wax Center remains a leader in its field.

Year

2023

Total Compensation

$812.61K

Salary

$509.55K

Board Justification

The compensation program is designed to attract, retain, and reward key employees, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$288.37K

Board Justification

Annual bonus based on the attainment of corporate performance goals, with performance goals met at between 67.88% and 105.26% of target.

Other

$14.69K

Board Justification

Includes life insurance premium payments and employer matching contributions to the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2023 is included in the total compensation calculation.

Performance Metrics

Performance metrics included adjusted EBITDA, new center openings, same store sales, and system-wide sales.