Quarterly report [Sections 13 or 15(d)]

Stock Incentive Plans

v3.26.1
Stock Incentive Plans
6 Months Ended
Jul. 12, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Incentive Plans Stock Incentive Plans
The Company maintains the 2024 Performance Incentive Plan (the "2024 Stock Plan"), under which it may grant restricted stock units ("RSUs"), performance stock units ("PSUs"), phantom restricted stock units ("PRSUs"), phantom performance stock units ("PPSUs"), stock appreciation rights ("SARs"), and other stock-based awards to employees, non-employee directors and consultants. Additional information regarding the Company's stock incentive plans is included in Note 14. Stock Incentive Plans, in the Company's Annual Report on Form 10-K for the fiscal year ended December 28, 2025.
Awards Granted
The following table summarizes stock-based awards granted during the first and second quarters of fiscal 2026:
Sixteen Weeks Ended April 19, 2026
Twelve Weeks Ended July 12, 2026
Award Type Awards Granted Weighted-Average Grant-Date Fair Value Awards Granted Weighted-Average Grant-Date Fair Value
Equity-classified awards
Restricted stock units (RSUs) 250,000  $ 3.12  279,927  $ 4.08 
Performance stock units (PSUs) —  $ —  79,155  $ 5.64 
Liability-classified awards
Phantom restricted stock units (PRSUs) 789,381  $ 3.12  1,231  $ 7.73 
Phantom performance stock units (PPSUs) 361,082  $ 3.12  —  $ — 
Cash-settled stock appreciation rights (SARs) 100,000  $ 4.05  —  $ — 
During the first and second quarters of fiscal 2026, the Company granted equity-classified awards under the 2024 Stock Plan. The RSUs vest over one to three years and have a service-based vesting condition. The PSUs vest over three years and have performance-based and service-based vesting conditions. Equity-classified awards are included within paid-in capital on the Company's Condensed Consolidated Balance Sheets.
During the first and second quarters of fiscal 2026, the Company also granted liability-classified awards under the 2024 Stock Plan. The PRSUs vest over two to three years and have a service-based vesting condition. The PPSUs vest over three years and have performance-based and service-based vesting conditions. Cash-settled SARs vest over one year and have performance-based and service-based vesting conditions. Liability-classified awards are included within accrued liabilities and other and other non-current liabilities on the Company's Condensed Consolidated Balance Sheets.