The Company generally grants time-vesting stock awards (“Deferred Awards”) and performance-based stock awards (“Performance Awards”) to employees at senior management levels. The Company also grants Deferred Awards to its non-employee independent directors.

The following table summarizes the Company’s stock-based compensation expense (benefit):


	Thirteen Weeks Ended
	May 2, 2026		May 3, 2025
	(in thousands)
Deferred Awards	$	96	$	1,239
Performance Awards	(521)		507
Total stock-based compensation expense (benefit) (1)	$	(425)	$	1,746

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(1)Stock-based compensation expense (benefit) recorded within Cost of sales (exclusive of depreciation and amortization) amounted to $(0.2) million and $0.3 million in the First Quarter 2026 and First Quarter 2025, respectively. All other stock-based compensation expense (benefit) is included in Selling, general, and administrative expenses.