Sweetgreen, Inc. DEF 14A Filing

TL;DR

<b>Sweetgreen, Inc. files its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

Sweetgreen, Inc. (SG) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. This filing is a Definitive Proxy Statement (DEF 14A) for Sweetgreen, Inc. The report covers the fiscal year ending December 31, 2023. The filing date is April 19, 2024. The company's principal executive offices are located at 3101 W. Exposition Boulevard, Los Angeles, CA 90018. The filing includes information related to executive compensation and equity awards.

Why It Matters

For investors and stakeholders tracking Sweetgreen, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, director nominations, and other corporate governance matters, enabling informed voting decisions. The detailed breakdown of equity awards and their valuations for both principal executive officers (PEO) and non-PEO named executive officers is essential for understanding potential dilution and incentive structures.

Risk Assessment

Risk Level: low — Sweetgreen, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate financial or operational red flags apparent from the header information.

Analyst Insight

Review the detailed executive compensation tables and equity award valuations to assess potential impacts on shareholder value and dilution.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-19 — Filing Date (Filed As Of Date)
• 001-41069 — SEC File Number (SEC File Number for Sweetgreen, Inc.)
• 271159215 — IRS Number (IRS Number for Sweetgreen, Inc.)

Key Players & Entities

• Sweetgreen, Inc. (company) — Filer of the DEF 14A
• 3101 W. Exposition Boulevard (location) — Business and Mail Address
• Los Angeles (location) — City for Business and Mail Address
• CA (location) — State for Business and Mail Address
• 90018 (location) — ZIP Code for Business and Mail Address

FAQ

Industry Context

Sweetgreen, Inc. operates in the fast-casual restaurant sector, focusing on salads and bowls.

Regulatory Implications

This filing is a standard DEF 14A, a requirement under the Securities Exchange Act of 1934 for public companies soliciting proxies from shareholders.

What Investors Should Do

1. Analyze the compensation details for Named Executive Officers (NEOs).
2. Review the proposals being presented to shareholders for a vote.
3. Examine any changes in board composition or governance policies.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the DEF 14A.
• 2024-04-19: Filing Date — Date the DEF 14A was filed with the SEC.

Year-Over-Year Comparison

This is the initial DEF 14A filing for the fiscal year ending December 31, 2023, following the previous year's filings.

Filing Documents

• sg-20240419.htm (DEF 14A) — 835KB
• sg-20240419_g1.jpg (GRAPHIC) — 20KB
• sg-20240419_g2.jpg (GRAPHIC) — 16KB
• sg-20240419_g3.jpg (GRAPHIC) — 47KB
• sg-20240419_g4.jpg (GRAPHIC) — 64KB
• sg-20240419_g5.jpg (GRAPHIC) — 52KB
• sg-20240419_g6.jpg (GRAPHIC) — 55KB
• sg-20240419_g7.jpg (GRAPHIC) — 61KB
• sg-20240419_g8.jpg (GRAPHIC) — 70KB
• 0001628280-24-016941.txt (&nbsp;) — 2389KB
• sg-20240419.xsd (EX-101.SCH) — 1KB
• sg-20240419_htm.xml (XML) — 141KB

Executive Compensation : Compensation Discussion and Analysis

Executive Compensation : Compensation Discussion and Analysis 22 Fiscal Year 202 3 Summary Compensation Table 34 Grants of Plan-Based Awards 35 Outstanding Equity Awards at Fiscal Year End 36 Options Exercised and Stock Vested 38 Potential Payments and Benefits Upon Termination or Change of Control 39 Pay Versus Performance Table 40

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 44 Equity Compensation Plan Information 46 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 46 Related Person Transactions Policy and Procedures 46 Certain Related Person Transactions 46 Stockholders' Agreement 47 Lease Agreements 47 Indemnification 47 HOUSEHOLDING OF PROXY MATERIALS 47 DELIQUENT SECTION 16(a) REPORTS 48 Other Matters 49 QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS AND VOTING Why did I receive a notice regarding the availability of proxy materials on the Internet? Pursuant to rules adopted by the Securities and Exchange Commission (the "SEC"), we have elected to provide access to our proxy materials over the Internet. Accordingly, we have sent you a Notice of Internet Availability of Proxy Materials (the "Notice") because the Board of Directors (the "Board") of Sweetgreen, Inc. (sometimes referred to as the "Company" or "Sweetgreen") is soliciting your proxy to vote at the 2024 Annual Meeting of Stockholders, including at any adjournments or postponements of the meeting. All stockholders will have the ability to access the proxy materials on the website referred to in the Notice or request to receive a printed set of the proxy materials. Instructions on how to access the proxy materials over the Internet or to request a printed copy may be found in the Notice. We intend to mail the Notice on or about April 19, 2024 to all stockholders of record entitled to vote at the Annual Meeting. Will I receive any other proxy materials by mail? We may send you a proxy card, along with a second Notice, on or after April 29, 2024. How do I attend the Annual Meeting? This year's Annual Meeting will be a virtual meeting, which will be conducted entirely online via audio webcast to allow greater participation. You may attend, vote, and ask questions at the Annual Meeting by following the instructions provided on the Notice of Internet Availability,

View Full Filing

View this DEF 14A filing on SEC EDGAR