Restricted Stock

During the three months ended October 4, 2026, the Company granted 107,074 restricted stock units (“RSUs”) to the Company’s non-executive directors, officers and certain other key employees. Generally, RSUs vest pro-rata over three years for officers and certain other key employees and over one year for non-executive directors. The Company determined the fair value of the RSUs awarded by using the close price of our common stock as of the date of grant. The weighted average grant date fair value of RSUs granted in the three months ended October 4, 2026, was $21.10 per share.

As of October 4, 2026, there was $4.9 million of total unrecognized compensation expense related to nonvested restricted stock. The Company expects this expense to be recognized over a weighted average period of 1.9 years.

Performance Stock Units

Performance stock units (“PSUs”) are a form of long-term incentive compensation awarded to executive officers and certain other key employees designed to directly align the interests of employees to the interests of the Company’s shareholders, and to create long-term shareholder value. The performance period for the awards commences on July 1 and continues for a three-year period, ending on June 30 of the applicable year. The probability of achieving the performance criteria is assessed quarterly.

PSUs of 72,303 and 96,751 awarded in fiscal 2026 and fiscal 2025, respectively, have performance criteria set annually over the three-year performance period. This performance criteria is cumulative and is based upon the respective year’s performance compared to budget, which has not yet been established for certain future performance periods. Therefore, the compensation expense for these awards will not begin until all the key terms and conditions of these awards are known, which will be in year three of the performance period. For PSUs awarded in fiscal 2026 and fiscal 2025, following the determination of the Company’s achievement with respect to the performance criteria, the number of shares awarded is subject to further adjustment based on the application of a total shareholder return (“TSR”) modifier. The grant date fair value is determined based on both the probability assessment of the Company achieving the performance criteria and an estimate of the expected TSR modifier. The TSR modifier estimate is determined using a Monte Carlo Simulation model, which considers the likelihood of numerous possible outcomes of long-term market performance.

PSUs of 55,870 awarded during the Transition Period, have a performance criteria over a three-year performance period. The performance period for the awards commenced on July 1, 2026 and continues for a three-year period, ending on June 30, 2029. Fifty

percent of the awards are based on cumulative diluted adjusted earnings per share performance over the three-year performance period, while the remaining fifty percent are based solely on the Company's relative total shareholder return performance over the same period. Compensation expense related to nonvested PSUs awarded in the Transition Period is recognized ratably over the performance period.

As of October 4, 2026, there was $1.1 million of total unrecognized compensation expense related to related to nonvested PSUs. The Company expects this expense to be recognized over a weighted average period of 2.7 years.