Ulta Beauty, Inc. (ULTA)

Kecia L. Steelman Equity award

Christopher J. Del Orefice Equity award

Rene G. Cásares Equity award

Anita J. Ryan Equity award

Paula M. Oyibo Equity award

Kecia L. Steelman grant (Equity)

Christopher J. Del Orefice — Offer Letter | Annual base salary of $980,000.; Eligible for an annual cash incentive with a target of 125% of base salary and a maximum of 200% of target, starting in fiscal year 2026.; Eligible for long-term incentive program with a 2026 target grant value of 450% of base salary, expected to be granted in March 2026.; Equity awards expected in March 2026: 50% RSUs vesting March 15, 2029; 50% stock options vesting over four years starting March 15, 2027.; Sign-on cash payment of $1,000,000, repayable if terminated voluntarily or for cause in the first year.; Sign-on equity grants: $1,100,000 in RSUs vesting on the first anniversary of the grant date, and $2,200,000 in RSUs vesting on the second anniversary.; Relocation expenses reimbursement for 12 months and up to $20,000 in attorneys' fees.; Severance benefits commensurate with executive level if involuntarily separated for reasons other than cause, subject to release of claims.

Martin Brok — Director Compensation | Appointed as an independent director to the Board of Directors.; Initial term expires at the Company's 2026 Annual Meeting of Stockholders.; Will serve on the Audit and Compensation Committees.; Will receive cash and equity compensation under the Company's non-employee director compensation program.; Determined to be independent under Nasdaq and SEC rules.