The Company maintains a stock-based compensation plan, which authorizes the granting of various equity-based incentives, including restricted stock units (“RSUs”) and performance stock units (“PSUs”). Stock-based compensation expense is amortized on a straight line basis over the service period, which is generally the vesting period. The fair value of the Company’s RSU and PSU awards is measured at the market price of the Company’s common stock on the grant date. PSUs are earned based on the achievement of certain performance metrics in relation to a set target, and stock compensation expense may fluctuate based on the forecasted achievement prior to vesting or actual achievement of these target metrics upon vesting.

RSU grants to employees generally vest ratably on an annual basis over a three-year period following the grant date, although some awards may vest ratably on an annual basis over two years or cliff vest at the end of a shorter time period.

RSU grants to non-employee directors typically vest at the end of a one-year period. PSU grants generally cliff vest at the end of a three-year period following the grant date. Forfeitures are recorded as they occur.

Stock-based compensation expense totaled approximately $2.2 million and $1.6 million for the fiscal three-month periods ended March 29, 2026 and March 30, 2025, respectively.


	RSUs	PSUs
	Shares	Weighted Average Grant Date Fair Value (Per Unit)		Shares	Weighted Average Grant Date Fair Value (Per Unit)
As of December 29, 2024	342,679	$	20.40	—	N/A
Granted	448,180	$	17.54	118,406	$	17.70


As of March 30, 2025	790,859	$	18.78	118,406	$	17.70

As of December 28, 2025	864,387	$	17.87	110,292	$	17.71
Granted	78,579	$	30.90	323,426	$	31.29
Vested	(215,204)	$	16.65	—	N/A
PSUs converted to RSUs (1)	115,051	$	17.72	(109,516)	$	17.72
Forfeited	(11,289)	$	17.55	(2,329)	$	26.36
As of March 29, 2026	831,524	$	19.41	321,873	$	31.29

(1)PSUs granted under the Company’s 2025 Omnibus Incentive Plan were initially measured assuming target achievement of the applicable performance goals. One‑third of the total units were eligible to be earned based on performance for the fiscal year ended December 28, 2025. Following certification of performance results for this one-year period, earned units were converted into RSUs based on the level of achievement (105.1% of target) certified, as only the passage of time remains.