In 2023, David P. Berg earned $1.02M in total compensation at European Wax Center, including $511.06K salary and $474.68K bonus. Most recently acquired 33,829 shares in Mar 2024. Currently holds stock worth $12.01M. Led European Wax Center as CEO for 3 years.
Compensation History
Annual executive compensation data for David P. Berg, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.02M
Salary
$511.06K
Bonus
$474.68K
Other
$30.88K
Salary
$511.06KBoard Justification
The compensation philosophy is designed to attract, retain, and reward key employees, aligning their interests with those of stockholders through performance-based incentives.
Bonus
$474.68KBoard Justification
Annual bonus based on the attainment of corporate performance goals, with a target bonus of 100% of base salary. The performance goals for 2023 included adjusted EBITDA, new center openings, same store sales, and system-wide sales.
Other Compensation
$30.88KBoard Justification
Other compensation includes life insurance premiums and 401(k) matching contributions.
Restricted Stock
Board Justification
No stock awards vested in 2023 as the focus is on cash compensation and bonuses.
Performance Metrics
Performance metrics include adjusted EBITDA, new center openings, same store sales, and system-wide sales.
David P. Berg
Ex-CEO of European Wax Center
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Consumer Defensive
CEO of European Wax Center for
3 years 2 months (Jul 2020 - Sep 2023)
Previous Experience
Previously served as Chief Financial Officer and Chief Operating Officer.
Other European Wax Center CEOs
Holdings
Track David P. Berg's stock holdings and portfolio value over time.
Total Stock Sold
$5.23M
$388.41K
6,291 PLNT shares
$4.84M
200,000 EWCZ shares
What if they kept their stock?
If David P. Berg didn't sell their stock, today they would have:
Extra PLNT6,291 shares worth $698.80K and EWCZ200,000 shares worth $810.00K.
This is -71.14% and $3.72M less than what they got when they sold the stock.
Insider Trading
David P. Berg's recent stock transactions, purchases, and sales filed with the SEC.
33,829 shares
EWCZ
Mar 7, 2024
Received
67,943 shares
EWCZ
Mar 14, 2023
Received
$4.30M
EWCZ at $21.50/share
May 24, 2022
Sale
410 shares
PLNT
Apr 1, 2020
Received
231 shares
PLNT
Jan 2, 2020
Received
296 shares
PLNT
Oct 1, 2019
Received
1,274 shares
PLNT
Sep 17, 2019
Received
230 shares
PLNT
Jul 1, 2019
Received
249 shares
PLNT
Apr 1, 2019
Received
Rivals
Compare David P. Berg with competitor CEOs and industry peers.