X0306 4 2023-02-24 0001528930 Franchise Group, Inc. FRG FRGAP 0001511698 Laurence Andrew M 109 INNOVATION COURT, SUITE J DELAWARE OH 43015 true true false false EXECUTIVE VICE PRESIDENT Restricted Stock Units 2023-02-24 4 A 0 18629 0 A Common Stock 18629 18629 D Performance Restricted Stock Units 2023-02-24 4 A 0 18629 0 A Common Stock 18629 18629 D Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock. The restricted stock units shall become fully vested on February 24, 2026, provided that the reporting person is in the employ of the Issuer at the time of such vesting Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock ("Common Stock"). The maximum number of PRSUs is presented in the table. The resulting number of shares acquired upon vesting of the PRSU is measured based upon the achievement of certain performance metrics tied to adjusted EBITDA and free cash flow, as determined by the Compensation Committee at the time of grant, over a three-year performance period commencing on January 1, 2023 and ending on January 3, 2026 (the "Performance Period"). Vesting of the target level PRSUs will accelerate upon death, disability or qualified retirement in an amount equal to the proportion of days in the Performance Period worked. Vesting of the target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the Performance Period. /s/ Andrew M. Laurence 2023-02-28