Janus International Group Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan and Unit Option Plan (Tables)

6 Months Ended

Jul. 02, 2022

RSUs are subject to one or four years’ service vesting period. RSUs activity for the six months ended July 2, 2022 is as follows:


	Six Months Ended July 2, 2022
	RSUs	Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2022	275,370	$	11.9
Granted	330,462	9.9
Vested	(69,687)	11.9
Forfeited	(8,410)	11.3
Outstanding at July 2, 2022	527,735	$	10.6
Unvested at July 2, 2022	527,735	$	10.6

As of July 2, 2022, PSUs activity for the six months ended July 2, 2022 is as follows:


	Six Months Ended July 2, 2022
	PSUs	Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2022	—	$	—
Granted	269,863	9.4
Vested	—	—
Forfeited	—	—
Outstanding at July 2, 2022	269,863	$	9.4
Unvested at July 2, 2022	269,863	$	9.4

A summary of the assumptions used in determining the fair value of stock options is as follows


	Six Months Ended July 2, 2022
Expected life of option (years)	6.25
Risk-free interest rate	2.9% - 3.01%
Expected volatility of the Company’s stock	45	%
Expected dividend yield on the Company’s stock	—	%

Stock options activity for the six months ended July 2, 2022 is as follows:


	Six Months Ended July 2, 2022
	Stock Options	Weighted-Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (in years)	Intrinsic value
Outstanding at January 1, 2022	—	$	—		$	—
Granted	736,105	4.5		10.0	—
Vested	—	—			—
Forfeited	—	—			—
Outstanding at July 2, 2022	736,105	$	4.5	9.8	$	—
Unvested at July 2, 2022	736,105	$	4.5	9.8	$	—