Quarterly report [Sections 13 or 15(d)]

Equity Compensation (Tables)

v3.26.1
Equity Compensation (Tables)
3 Months Ended
Apr. 04, 2026
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 three month period ended April 4, 2026 is as follows:

(amounts in millions, except share and per share data) RSUs Weighted-Average Grant Date Fair Value
Unvested, outstanding at January 3, 2026
2,122,722  $ 11.3 
Granted(1)
3,073,290  6.4 
Vested (649,910) 11.2 
Forfeited (37,671) 6.9 
Unvested, outstanding at April 4, 2026
4,508,431  $ 8.0 
(1) This amount includes 1,806,570 RSUs granted in conjunction with the Kiwi II acquisition during the period ended April 4, 2026.
PSU activity for the three month period ended April 4, 2026 is as follows:

(amounts in millions, except share and per share data) PSUs Weighted-Average Grant Date Fair Value
Unvested, outstanding at January 3, 2026
1,390,192  $ 9.5 
Granted 612,664  5.6 
Units lost based on performance (193,548) 10.6 
Unvested, outstanding at April 4, 2026(1)
1,809,308  $ 8.0 
This amount includes 215,845 performance stock units, which are projected to payout at 0% due to performance results from previously-granted PSU awards in fiscal year 2024.