All activity and amounts reported in this footnote include both continuing and discontinued operations, unless otherwise noted. For information relating to the divestiture of the Company’s car wash businesses, refer to Note 12.

Annual equity grants, including restricted stock units (“RSUs”) and performance stock units (“PSUs”), which have historically been awarded in the first quarter of the fiscal year, have not been awarded as of June 27, 2026. The Company did not grant new awards during the three months ended June 27, 2026 and granted new awards consisting of 13,450 RSUs during the six months ended June 27, 2026. The Company granted new awards during the three months ended June 28, 2025, consisting of 306,947 RSUs and 397,615 PSUs. The Company granted new awards during the six months ended June 28, 2025, consisting of 847,999 RSUs and 1,061,998 PSUs.

Awards are eligible to vest provided that the employee remains in continuous service on each vesting date. RSUs typically vest ratably over a period of one to three years from the grant date. The PSUs generally vest after a three-year performance period. The number of PSUs that vest is contingent on the Company achieving certain performance goals specified in the award agreement, typically, one goal is a performance condition and the other is a market condition. The number of PSUs that may vest ranges from 0% to 200% of the original target grant, based upon the level of performance. Certain awards are considered probable of meeting vesting requirements, and therefore, the Company has started recognizing expense. For both RSUs and PSUs, the award agreements generally provide that if the grantee’s continuous service terminates for any reason, the grantee will forfeit all right, title, and interest in any unvested units as of the termination date.

The fair value of the total RSUs granted during the six months ended June 27, 2026 was less than $1 million. The fair value of the total RSUs, performance-based PSUs, and market-based PSUs granted during the three months ended June 28, 2025 was $5 million, $6 million, and $2 million, respectively. The fair value of the total RSUs, performance-based PSUs, and market-based PSUs granted during the six months ended June 28, 2025 was $14 million, $12 million, and $9 million, respectively. The Company based the fair value of the RSUs and performance-based PSUs on the Company’s stock price on the grant date.


	Six Months Ended
		June 28, 2025
Annual dividend yield		—%
Expected term (years)		2.5 - 2.8
Risk-free interest rate		3.82% - 3.89%
Expected volatility		50.3% - 51.7%
Correlation to the index peer group		37.4% - 41.4%