Quarterly report [Sections 13 or 15(d)]

Equity Compensation (Tables)

v3.25.1
Equity Compensation (Tables)
 3 Months Ended
Mar. 29, 2025
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 March 29, 2025 is as follows:
(amounts in millions, except share and per share data)
 RSUs
Weighted Average Grant Date Fair Value
Unvested, outstanding at December 28, 2024
 1,954,846  $ 13.1 
Granted 742,652  8.3 
Vested (399,346) 13.3 
Forfeited (8,889) 11.6 
Unvested, outstanding at March 29, 2025
 2,289,263  $ 11.5 
PSUs activity for the three month period ended March 29, 2025 is as follows:
(amounts in millions, except share and per share data)
 PSUs
Weighted Average Grant Date Fair Value
Unvested, outstanding at December 28, 2024
 1,273,451  $ 9.9 
Granted 341,325  8.3 
Incremental units granted based on performance
 242,353  9.4 
Vested (484,708) 9.4 
Unvested, outstanding at March 29, 2025(1)
1,372,421  $ 9.5 
(1) This number includes 431,355 performance stock units, which are projecting to payout at 0% due to performance results from previously-granted PSU awards.