{"schema_version":"secwatch.filing_event.v1","accession":"0001789940-25-000025","form_type":"8-K","ticker":"FWRG","cik":"0001789940","company_name":"First Watch Restaurant Group, Inc.","filed_at":"2025-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.878998+00:00","generated_at":"2026-05-24T18:44:10.008951+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"First Watch adopts executive severance plan with CEO receiving 2x salary on non-CIC termination","bullets":["CEO gets 2x base salary + target bonus on qualifying termination; other execs 1.5x; VPs 1x and 0.75x.","On change in control (CIC), CEO gets 2.5x base salary + 2.5x target bonus; other execs 2x; VPs 1.5x and 0.75x.","CIC termination within 2 years triggers full vesting of unvested equity awards under the 2021 plan.","Severance conditioned on execution of general release and compliance with 12-month non-compete and non-solicit.","Plan supersedes previous severance arrangements; requires participation agreement for each executive."],"urls":{"canonical":"https://secwatch.observer/filing/0001789940-25-000025","json":"https://secwatch.observer/filing/0001789940-25-000025.json","markdown":"https://secwatch.observer/filing/0001789940-25-000025.md","text":"https://secwatch.observer/filing/0001789940-25-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789940/000178994025000025/0001789940-25-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789940/000178994025000025/fwrg-20250305.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T18:44:10.008951+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}