Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of the stock option activity under the 2014 Equity Inventive Plan for the year ended December 31, 2022 is presented below (share amounts in thousands):
Number of Shares Weighted Avg.
Exercise Price per Share
(in whole dollars)
Weighted Avg.
Remaining Contractual Term
Outstanding at December 25, 2021
13,476  8.15  7.14 years
Granted — 
Exercised (182)
Forfeited or expired (757)
Outstanding at December 31, 2022
12,537  8.14  6.23 years
Exercisable at December 31, 2022
7,119  8.07  6.13 years
A summary of the stock option activity under the 2021 Equity Inventive Plan for the year ended December 31, 2022 is presented below (share amounts in thousands):
Number of Shares Weighted Avg.
Exercise Price per Share
(in whole dollars)
Weighted Avg.
Remaining Contractual Term
Outstanding at December 25, 2021
—  $ —  — 
Granted 781 
Exercised — 
Forfeited or expired (30)
Outstanding at December 31, 2022
751  $ 9.98  9.08 years
Exercisable at December 31, 2022
—  $ —  — 
Summary of Restricted Stock Activity
A summary of the restricted stock activity under the 2014 Equity Incentive Plan for the year ended December 31, 2022 is presented below (share amounts in thousands):
Number of Shares Weighted Avg.
Grant Date Fair Value
(in whole dollars)
Unvested at December 25, 2021
89  $ 7.09 
Awarded — 
Vested (89)
Forfeited or expired — 
Unvested at December 31, 2022
—  $ — 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the restricted stock unit activity under the 2014 Equity Incentive Plan for the year ended December 31, 2022 is presented below (share amounts in thousands):
Number of Shares Weighted Avg.
Grant Date Fair Value
(in whole dollars)
Outstanding at December 25, 2021
323  $ 10.00 
Granted — 
Vested — 
Forfeited or expired (111)
Outstanding at December 31, 2022
212  $ 10.00 
A summary of the restricted stock unit activity under the 2021 Equity Incentive Plan for the year ended December 31, 2022 is presented below (share amounts in thousands):
Number of Shares Weighted Avg.
Grant Date Fair Value
(in whole dollars)
Outstanding at December 25, 2021
73  $ 11.75 
Granted 1,152 
Vested (50)
Forfeited or expired (66)
Outstanding at December 31, 2022
1,109  $ 9.85 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes the key assumptions used in the valuation model for valuing the Company's stock compensation awards under the 2014 Equity Incentive Plan:
Dividend yield 0%
Risk free interest rate 0.40% - 1.81%
Expected volatility 31.50%
Expected terms 6.25 years
The following table summarizes the key assumptions used in the valuation model for valuing the Company's stock compensation awards under the 2021 Equity Incentive Plan:
Dividend yield 0%
Risk free interest rate 1.71%
Expected volatility 30.00%
Expected terms 6.25 years