v3.25.4
Award Timing Disclosure
12 Months Ended
Dec. 26, 2025
Feb. 14, 2025
USD ($)
$ / shares
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure
Policies and Practices Related to the Grant of Certain Equity Awards
We do not have any formal policy that requires us to grant, or avoid granting, equity awards to our executive officers at certain times. Consistent with our annual compensation cycle, the MOCC typically grants annual equity awards, in the form of stock options, to our executive officers at the MOCC’s first regular meeting of the year, typically in February. The dates for these committee meetings are set more than a year in advance on a fairly consistent cadence year over year. The dates of the committee meetings generally occur after we have issued our earnings release announcing our fourth quarter and full year financial results; however, the meetings may occur closer in time to the filing of our related Annual Report on Form
10-K,
which we generally do not believe includes additional material information beyond what we disclosed in our earnings release.
The timing of any equity grants to executive officers in connection with new hires, promotions, or other
non-routine
grants is tied to the event giving rise to the award (such as an executive officer’s commencement of employment or promotion effective date).
As a result, in all cases, the timing of the grant of stock options, occurs independent of the release of any material,
non-public
information, and we do not time the disclosure of material
non-public
information for the purpose of affecting the value or exercise price of stock options.
As disclosed in the table below, the annual stock option grant on February 14, 2025 occurred two business days before we filed our Annual Report on Form
10-K
for the fiscal year ended December 27, 2024. However, because we issued our earnings release with our financial results for the fourth quarter and fiscal year ended December 27, 2024 on January 27, 2025, there was no material,
non-public
information at the time these annual grants were made.
 
     
 Grant Date 
  
Number of
Securities
 Underlying the 
Award (#)
  
 Exercise Price 
($)
  
 Grant Date Fair 
Value of the
Award (#)
  
Percentage Change in the Closing
Market Price of the Securities
 Underlying the Award Between the 
Trading Day Ending Immediately
Prior to the Disclosure of Material
Nonpublic Information and the
Trading Day Beginning Immediately
Following the Disclosure of Material
Nonpublic Information
(1)
Mark W. Sheahan
       2/14/2025          204,910           86.06          5,749,775                  (1.6200)%  
David M. Lowe
       2/14/2025        33,850        86.06        949,831        (1.6200)%  
Angela F. Wordell
       2/14/2025        18,700        86.06        524,722        (1.6200)%  
Peter J. O’Shea
       2/14/2025        18,700        86.06        524,722        (1.6200)%  
Ronita Banerjee
       2/14/2025        18,700        86.06        524,722        (1.6200)%  
 
(1)
The table requires disclosure of these option grants; however, we do not believe that the heading of this column applies as we believe that the Annual Report on Form
10-K
for the year ended December 27, 2024 did not contain any material,
non-public
information as the material information about the fiscal year was reported when we released earnings on January 27, 2025.
 
Award Timing Method We do not have any formal policy that requires us to grant, or avoid granting, equity awards to our executive officers at certain times. Consistent with our annual compensation cycle, the MOCC typically grants annual equity awards, in the form of stock options, to our executive officers at the MOCC’s first regular meeting of the year, typically in February.  
Award Timing Predetermined true  
Award Timing MNPI Considered false  
MNPI Disclosure Timed for Compensation Value false  
Mark W. Sheahan [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Mark W. Sheahan
Underlying Securities   204,910
Exercise Price | $ / shares   $ 86.06
Fair Value as of Grant Date   $ 5,749,775
Underlying Security Market Price Change   (0.0162)
David M. Lowe [Member]    
Awards Close in Time to MNPI Disclosures    
Name   David M. Lowe
Underlying Securities   33,850
Exercise Price | $ / shares   $ 86.06
Fair Value as of Grant Date   $ 949,831
Underlying Security Market Price Change   (0.0162)
Angela F. Wordell [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Angela F. Wordell
Underlying Securities   18,700
Exercise Price | $ / shares   $ 86.06
Fair Value as of Grant Date   $ 524,722
Underlying Security Market Price Change   (0.0162)
Peter J. O'Shea [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Peter J. O’Shea
Underlying Securities   18,700
Exercise Price | $ / shares   $ 86.06
Fair Value as of Grant Date   $ 524,722
Underlying Security Market Price Change   (0.0162)
Ronita Banerjee [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Ronita Banerjee
Underlying Securities   18,700
Exercise Price | $ / shares   $ 86.06
Fair Value as of Grant Date   $ 524,722
Underlying Security Market Price Change   (0.0162)