Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

v3.22.1
Equity-Based Compensation (Tables)
6 Months Ended
Apr. 02, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

The following tables summarizes our Stock Option activity under the Plan during the six months ended (in thousands, except per share amounts):

 

 

April 2, 2022

 

 

 

Number of Options

 

 

Weighted Average
Exercise Price

 

Outstanding, Beginning

 

 

4,877

 

 

$

18.22

 

Granted

 

 

 

 

 

 

Exercised

 

 

(19

)

 

 

17.00

 

Forfeited

 

 

(334

)

 

 

18.33

 

Balance, Ending

 

 

4,524

 

 

$

18.22

 

 

 

 

 

 

 

 

Vested as of April 2, 2022(1)

 

 

1,363

 

 

$

17.71

 

(1)
Includes 550,736 stock options that were subject to the Company’s achievement of the fiscal 2021 net income target which was deemed to have been met during the six months ended April 2, 2022.

 

 

 

As of April 2, 2022

 

Aggregate intrinsic value of options outstanding

 

$

12,009

 

Unamortized value of unvested stock options

 

$

12,122

 

Weighted average period (years) that expense is expected to be recognized

 

 

2.1

 

Weighted average remaining contractual life (years) for options outstanding

 

 

9.0

 

 

Summary of RSU Activity under Plan

The following table summarizes our RSU activity under the Plan during the six months ended (in thousands, except per share amounts):

 

 

April 2, 2022

 

 

 

Number of RSUs

 

 

Weighted Average
Grant Date Fair Value

 

Outstanding, Beginning

 

 

3,135

 

 

$

6.90

 

Granted

 

 

455

 

 

 

19.94

 

Vested

 

 

(444

)

 

 

4.13

 

Forfeited

 

 

(276

)

 

 

6.76

 

Balance, Ending

 

 

2,870

 

 

$

9.41

 

 

 

 

As of April 2, 2022

 

Unamortized value of unvested RSUs

 

$

22,701

 

Weighted average period (years) expense is expected to be recognized

 

 

3.2