Quarterly report pursuant to Section 13 or 15(d)

Equity Compensation (Tables)

v3.24.3
Equity Compensation (Tables)
9 Months Ended
Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity
RSUs are subject to a vesting period between one and four years. RSU activity for the nine month period ended September 28, 2024 is as follows:
(amounts in millions, except share and per share data)
RSUs
Weighted-Average Grant Date Fair Value
Unvested, outstanding at December 30, 2023
944,810  $ 10.6 
Granted 1,373,124  14.4 
Vested (337,017) 10.2 
Forfeited (64,253) 12.0 
Unvested, outstanding at September 28, 2024
1,916,664  $ 13.4 
PSUs activity for the nine month period ended September 28, 2024 is as follows:
(amounts in millions, except share and per share data)
PSUs Weighted-Average Grant Date Fair Value
Unvested, outstanding at December 30, 2023
482,014  $ 10.0 
Granted 232,702  14.8 
Vested —  — 
Forfeited (41,008) 11.0 
Unvested, outstanding at September 28, 2024(1)(2)
673,708  $ 11.6 
(1) This number excludes 242,353 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards.
(2) This number includes 431,355 performance stock units, which are projecting to payout at 0% due to performance results from previously-granted PSU awards.
Schedule of Stock Option Activity
Stock option activity for the nine month period ended September 28, 2024 is as follows:
(amounts in millions, except share and per share data) Stock Options Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price, per share Weighted Average Remaining Contractual Life (in years)
Aggregate Intrinsic Value
Outstanding at December 30, 2023
719,525  $ 4.5  $ 9.4  8.4 $ 2.6 
Granted —  —  —  —  — 
Exercised (2,069) 4.5  9.5  7.7 — 
Forfeited (40,871) 4.9  10.0  8.0 — 
Outstanding at September 28, 2024
676,585  $ 4.5  $ 9.4  7.7 $ 0.6 
Outstanding, unvested 339,340  $ 4.5  $ 9.4  7.7 $ 0.3 
Outstanding, vested 337,245  $ 4.5  $ 9.4  7.7 $ 0.3