Note N - Share-based Compensation |
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Share-Based Payment Arrangement [Text Block] |
NOTE N – SHARE-BASED COMPENSATION
Total share-based compensation during each of the thirteen and thirty-nine week periods ended December 25, 2022 and December 26, 2021 was $65 and $8, and $81 and $66, respectively. As of December 25, 2022, there was $3,409 of unamortized compensation expense related to share-based incentive awards. We expect to recognize this expense over approximately months, which represents the weighted average remaining requisite service periods for such awards.
During the thirty-nine week period ended December 25, 2022, the Company granted 50,000 restricted stock units at a fair value of $67.59 per unit representing the closing price on the date of grant, which will be fully vested years from the date of grant. The restricted stock units vest ratably over a five-year period as follows: 10,000 restricted stock units on December 8, 2023; 10,000 restricted stock units on December 8, 2024; 10,000 restricted stock units on December 8, 2025; 10,000 restricted stock units on December 8, 2026; and 10,000 restricted stock units on December 8, 2027.
The Company recognizes compensation cost for unvested stock-based incentive awards on a straight-line basis over the requisite service period. Compensation cost charged to expense under all stock-based incentive awards is as follows (in thousands):
Stock options:
There were no new share-based awards granted during the thirty-nine week period ended December 25, 2022.
Transactions with respect to stock options for the thirty-nine weeks ended December 25, 2022 are as follows:
Restricted stock units:
Transactions with respect to restricted stock units for the thirty-nine weeks ended December 25, 2022 are as follows:
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