v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jul. 18, 2026
Performance-Contingent Restricted Stock Awards

The table below presents the TSR modifier share adjustment (a 13.25% final payout), ROIC modifier share adjustment (a 125% final payout), accumulated dividends on vested shares, and the tax benefit at vesting of the performance-contingent restricted stock awards (amounts in thousands, except for share data):

 

Award Granted

 

 

Fiscal Year
Vested

 

 

TSR Modifier
Decrease
Shares

 

 

ROIC Modifier
Increase
Shares

 

 

Dividends at
Vesting

 

 

Tax
Expense

 

 

Fair Value at
Vesting

 

 

2023

 

 

 

2026

 

 

 

(300,150

)

 

 

86,316

 

 

$

1,352

 

 

$

(4,497

)

 

$

4,609

 

 

Performance-Contingent Restricted Stock Activity

The company’s performance-contingent restricted stock activity for the twenty-eight weeks ended July 18, 2026 is presented below (amounts in thousands, except price data):

 

 

 

Shares

 

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested shares at January 3, 2026

 

 

1,721

 

 

$

25.53

 

Granted

 

 

1,090

 

 

$

11.56

 

Grant increase for achieving the ROIC modifier

 

 

86

 

 

$

27.85

 

Grant decrease for not achieving the TSR modifier

 

 

(300

)

 

$

27.85

 

Vested

 

 

(478

)

 

$

27.85

 

Forfeited

 

 

(75

)

 

$

21.17

 

Nonvested shares at July 18, 2026

 

 

2,044

 

 

$

17.15

 

Time-Based Restricted Stock Units Awards

The following TBRSU Shares have been granted under the plans during the twenty-eight weeks ended July 18, 2026 (amounts in thousands, except price data):

 

Grant Date

 

Shares Granted

 

 

Vesting Date

 

Fair Value
per Share

 

1/4/2026

 

 

2,173

 

 

Equally over 3 years

 

$

10.32

 

6/15/2026

 

 

26

 

 

Equally over 3 years

 

$

7.70

 

 

Time-Based Restricted Stock Units Activity

The TBRSU Shares activity for the twenty-eight weeks ended July 18, 2026 is set forth below (amounts in thousands, except price data):

 

 

 

TBRSU Shares

 

 

Weighted
Average
Fair
Value

 

 

Weighted
Average
Remaining
Contractual
Term (Years)

 

 

Unrecognized
Compensation
Cost

 

Nonvested shares at January 3, 2026

 

 

1,544

 

 

$

20.57

 

 

 

 

 

 

 

Vested

 

 

(576

)

 

$

22.12

 

 

 

 

 

 

 

Granted

 

 

2,199

 

 

$

10.32

 

 

 

 

 

 

 

Forfeitures

 

 

(219

)

 

$

15.80

 

 

 

 

 

 

 

Nonvested shares at July 18, 2026

 

 

2,948

 

 

$

13.27

 

 

 

2.15

 

 

$

24,302

 

Vesting of Time-Based Restricted Stock Units

The table below presents the accumulated dividends on vested shares and the tax expense at vesting of the time-based restricted stock units (amounts in thousands).

 

Award Granted

 

 

Fiscal Year
Vested

 

 

Dividends at
Vesting

 

 

Tax
Expense

 

 

Fair Value at
Vesting

 

 

2025

 

 

 

2026

 

 

$

270

 

 

$

(693

)

 

$

2,830

 

 

2024

 

 

 

2026

 

 

$

443

 

 

$

(697

)

 

$

2,365

 

 

2023

 

 

 

2026

 

 

$

195

 

 

$

(478

)

 

$

706

 

Summary of Company's Stock Based Compensation Expense

The following table summarizes the company’s stock-based compensation expense for the twelve and twenty-eight weeks ended July 18, 2026 and July 12, 2025, (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

 

July 18, 2026

 

 

July 12, 2025

 

Performance-contingent restricted stock awards

 

$

2,706

 

 

$

3,479

 

TBRSU Shares

 

 

4,071

 

 

 

3,276

 

Deferred and restricted stock

 

 

303

 

 

 

413

 

Total stock-based compensation

 

$

7,080

 

 

$

7,168

 

 

 

 

 

 

 

 

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 18, 2026

 

 

July 12, 2025

 

Performance-contingent restricted stock awards

 

$

7,342

 

 

$

10,597

 

TBRSU Shares

 

 

11,149

 

 

 

7,591

 

Deferred and restricted stock

 

 

838

 

 

 

981

 

Total stock-based compensation

 

$

19,329

 

 

$

19,169

 

Performance-Contingent Total Shareholder Return Shares  
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent TSR Shares have been granted during the twenty-eight weeks ended July 18, 2026 under the Omnibus Plan (amounts in thousands, except price data):

 

Grant Date

 

Shares
Granted

 

 

Vesting Date

 

Fair Value
per Share

 

1/4/2026

 

 

545

 

 

3/1/2029

 

$

12.24

 

 

Return On Invested Capital  
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards

The following performance-contingent ROIC Shares have been granted under the Omnibus Plan during the twenty-eight weeks ended July 18, 2026 (amounts in thousands, except price data):

 

Grant Date

 

Shares
Granted

 

 

Vesting Date

 

Fair Value
per Share

 

1/4/2026

 

 

545

 

 

3/1/2029

 

$

10.88