Quarterly report pursuant to Section 13 or 15(d)

Equity Compensation (Tables)

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Equity Compensation (Tables)
 3 Months Ended
Mar. 30, 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 three month period ended March 30, 2024 is as follows:
(dollar 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 804,131  14.8 
Vested (163,309) 10.6 
Forfeited (10,834) 10.7 
Unvested, outstanding at March 30, 2024
 1,574,798  $ 12.8 
PSUs activity for the three month period ended March 30, 2024 is as follows:
(dollar 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 225,959  14.8 
Vested —  — 
Forfeited (14,217) 10.6 
Unvested, outstanding at March 30, 2024 (1)
693,756  $ 11.6 
1) This number excludes 252,923 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards.
Schedule of Stock Option Activity
Stock option activity for the three month period ended March 30, 2024 is as follows:
(dollar 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
Unvested, outstanding at December 30, 2023
 544,350  $ 4.5  $ 9.4  8.4 $ 2.0 
Granted —  —  —  —  — 
Exercised —  —  —  —  — 
Vested —  —  —  —  — 
Forfeited (18,796) 5.3  10.6  9.0 0.1 
Unvested, outstanding at March 30, 2024
 525,554  $ 4.5  $ 9.4  8.1 $ 3.1 
Vested not exercised at March 30, 2024
 175,175  $ 4.5  $ 9.4  8.1 $ 1.0