XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment Based On:
Year(1)
Summary Compensation Table Total for PEO
Compensation Actually Paid to PEO (2) (3)
Average Summary Compensation Table Total for non-PEO NEOs
Average Compensation Actually Paid to non-PEO NEOs (2)(3)
Total Shareholder Return (5)
Peer Group Total Shareholder Return (5)
Net Income (Loss)
Adjusted EBITDA (6)
($)($)($)($)($)($)($)($)
2024910,550 52,279,549 
(4)
2,173,466 9,187,848 
(4)
116 103 (90,373,000)18,708,000 
2023622,548 6,744,537 
(4)
1,080,321 1,570,321 
(4)
40 89 (113,384,000)(2,795,000)
2022350,144 (61,516,400)
(4)
649,693 (5,807,584)
(4)
32 76 (190,441,000)(49,934,000)
202138,834,483 111,254,241 
(4)
38,814,481 111,234,239 
(4)
112 98 (153,175,000)(63,099,000)
     
Company Selected Measure Name Adjusted EBITDA      
Named Executive Officers, Footnote Our PEO and other NEOs included in the above compensation columns reflect the following:
YearPEONon-PEOs
2024Jonathan NemanMitch Reback, Wouleta Ayele, Adrienne Gemperle, and Rossann Williams
2023Jonathan NemanMitch Reback, Wouleta Ayele, Adrienne Gemperle, and Jim McPhail
2022Jonathan NemanMitch Reback, Wouleta Ayele, Jim McPhail, and Daniel Shlossman
2021Jonathan NemanNicolas Jammet and Nathaniel Ru
     
Peer Group Issuers, Footnote Peer group TSR reflects the S&P 600 Restaurants Index as reflected in our 2024 Form 10-K pursuant to Item 201(e) of Regulation S-K. Each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on our IPO date of November 19, 2021 through the last day of the fiscal year presented.      
PEO Total Compensation Amount $ 910,550 $ 622,548 $ 350,144 $ 38,834,483
PEO Actually Paid Compensation Amount $ 52,279,549 6,744,537 (61,516,400) 111,254,241
Adjustment To PEO Compensation, Footnote "Compensation Actually Paid" to our PEO (Jonathan Neman) and the average “Compensation Actually Paid” to our non-PEO NEOs in 2024, 2023, 2022, and 2021 reflect the following adjustments from total compensation reported in the Summary Compensation Table (in thousands):
2024202320222021
PEOAverage Non-PEOPEOAverage Non-PEOPEOAverage Non-PEOPEOAverage Non-PEO
Total Reported in Summary Compensation Table (SCT)$910,550$2,173,466$622,548$1,080,321$350,144$649,693$38,834,483$38,814,481
Less, Value of Stock and Option Awards reported in SCT$(1,445,702)$(555,610)$(240,953)$(38,142,732)$(38,142,732)
Plus, Year-End Fair Value of Awards Granted During Fiscal Year that are Unvested and Outstanding$4,546,299$612,484$68,574$77,526,763$77,526,763
Plus, Change in Fair Value (from Prior Fiscal Year-End to Current Fiscal Year-End) of Prior Year Awards that are Outstanding and Unvested$30,769,608$1,937,709$5,878,490$232,898$(57,677,180)$(4,941,831)$7,770,827$7,770,827
Plus, Vesting Date Fair Value of Awards Granted During Fiscal Year and that Vested During Fiscal Year$418,991$28,967$21,083
Plus, Change in Fair Value (from Prior Fiscal Year-End to Vesting Date) of Prior Year Awards that Vested During Fiscal Year$20,599,391$1,557,085$243,499$171,261$(4,189,364)$(1,364,150)$25,264,900$25,264,900
Less Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year
Total Adjustments$51,368,999$7,014,382$6,121,989$490,000$(61,866,544)$(6,457,277)$72,419,758$72,419,758
"Compensation Actually Paid” for Fiscal Year $52,279,549$9,187,848$6,744,537$1,570,321$(61,516,400)$(5,807,584)$111,254,241$111,234,239
     
Non-PEO NEO Average Total Compensation Amount $ 2,173,466 1,080,321 649,693 38,814,481
Non-PEO NEO Average Compensation Actually Paid Amount $ 9,187,848 1,570,321 (5,807,584) 111,234,239
Adjustment to Non-PEO NEO Compensation Footnote "Compensation Actually Paid" to our PEO (Jonathan Neman) and the average “Compensation Actually Paid” to our non-PEO NEOs in 2024, 2023, 2022, and 2021 reflect the following adjustments from total compensation reported in the Summary Compensation Table (in thousands):
2024202320222021
PEOAverage Non-PEOPEOAverage Non-PEOPEOAverage Non-PEOPEOAverage Non-PEO
Total Reported in Summary Compensation Table (SCT)$910,550$2,173,466$622,548$1,080,321$350,144$649,693$38,834,483$38,814,481
Less, Value of Stock and Option Awards reported in SCT$(1,445,702)$(555,610)$(240,953)$(38,142,732)$(38,142,732)
Plus, Year-End Fair Value of Awards Granted During Fiscal Year that are Unvested and Outstanding$4,546,299$612,484$68,574$77,526,763$77,526,763
Plus, Change in Fair Value (from Prior Fiscal Year-End to Current Fiscal Year-End) of Prior Year Awards that are Outstanding and Unvested$30,769,608$1,937,709$5,878,490$232,898$(57,677,180)$(4,941,831)$7,770,827$7,770,827
Plus, Vesting Date Fair Value of Awards Granted During Fiscal Year and that Vested During Fiscal Year$418,991$28,967$21,083
Plus, Change in Fair Value (from Prior Fiscal Year-End to Vesting Date) of Prior Year Awards that Vested During Fiscal Year$20,599,391$1,557,085$243,499$171,261$(4,189,364)$(1,364,150)$25,264,900$25,264,900
Less Prior Year Fair Value of Prior Year Awards that Failed to Vest this Year
Total Adjustments$51,368,999$7,014,382$6,121,989$490,000$(61,866,544)$(6,457,277)$72,419,758$72,419,758
"Compensation Actually Paid” for Fiscal Year $52,279,549$9,187,848$6,744,537$1,570,321$(61,516,400)$(5,807,584)$111,254,241$111,234,239
     
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. Total Sharehold Return.jpg
     
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Net Income.jpg
     
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. Adjusted EBITDA.jpg
     
Total Shareholder Return Vs Peer Group
Compensation Actually Paid vs. Total Sharehold Return.jpg
     
Total Shareholder Return Amount $ 116 40 32 112
Peer Group Total Shareholder Return Amount 103 89 76 98
Net Income (Loss) $ (90,373,000) $ (113,384,000) $ (190,441,000) $ (153,175,000)
Company Selected Measure Amount 18,708,000 (2,795,000) (49,934,000) (63,099,000)
Adjustment to Compensation, Amount     $ (6,457,277)  
PEO Name Jonathan Neman Jonathan Neman Jonathan Neman Jonathan Neman
Additional 402(v) Disclosure Except as described in footnote (3) below, fair value or change in fair value, as applicable, of equity awards in the "Compensation Actually Paid" columns was calculated in accordance with ASC Topic 718, and the valuation methods used to calculate the fair values did not materially differ from those disclosed at the time of grant.For the portion of "Compensation Actually Paid" that represents compensation based on year-end stock prices, the following prices were used: for 2024, $32.06 (184% increase from prior year), for 2023, $11.30 (28% increase from prior year); for 2022, $8.83 (72% reduction from prior year); and for 2021, $31.36 (304% increase from IPO date).
We believe the “Compensation Actually Paid” in each of the years reported above is reflective of the Compensation Committee’s emphasis on “pay-for-performance” as the “Compensation Actually Paid” is in line with business performance, primarily due our stock price performance and our achievement against pre-established performance goals under our annual bonus plan. See “—Compensation Discussion and Analysis” above for additional information regarding our annual bonus plan and other elements of our executive compensation program.
     
Measure:: 1        
Pay vs Performance Disclosure        
Name Revenue      
Non-GAAP Measure Description Adjusted EBITDA, a non-GAAP measure, is defined as net loss adjusted to exclude income tax expense, interest income, interest expense, depreciation and amortization, stock-based compensation expense, loss on disposal of property and equipment, other (income) expenses, Spyce Food Co. acquisition costs, enterprise resource planning system implementation and related costs, and, in certain periods, impairment and closure costs, restructuring charges, and legal settlements.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Measure:: 3        
Pay vs Performance Disclosure        
Name Sweetgreen stock price performance      
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 51,368,999 $ 6,121,989 $ (61,866,544) $ 72,419,758
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 (38,142,732)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 77,526,763
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 30,769,608 5,878,490 (57,677,180) 7,770,827
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 20,599,391 243,499 (4,189,364) 25,264,900
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,014,382 490,000   72,419,758
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,445,702) (555,610) (240,953) (38,142,732)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,546,299 612,484 68,574 77,526,763
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,937,709 232,898 (4,941,831) 7,770,827
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 418,991 28,967 21,083 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,557,085 171,261 (1,364,150) 25,264,900
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0