How many total options for Batteries Plus Bulbs were forfeited in 2022?

According to the 2025 Batteries Plus Bulbs FDD, the number of forfeited options is not explicitly disclosed. However, the document does provide information on stock option activity during 2023 and 2022, as well as the call option value and exercise price for service and performance options as of December 31, 2023, and 2022. The FDD mentions that as of December 31, 2023, and 2022, approximately 100,810 and 110,643 performance-based options were outstanding, respectively. These options vest upon achieving a realization value, and no expense has been recognized for these awards as of December 31, 2023, because management is uncertain about the probability of achieving this value.

To determine the exact number of forfeited options in 2022, a prospective franchisee should consider asking Batteries Plus Bulbs for clarification on the specific number of options forfeited during that year. Understanding the forfeiture rate can provide insights into employee turnover and the achievement of performance targets within the company. This information can be valuable in assessing the overall health and stability of the franchise system.

Further inquiry could also include understanding the reasons behind any forfeitures and the criteria for vesting and exercising stock options. This would provide a more comprehensive view of the stock option plan and its impact on employees and the company's financial performance. Knowing the details of the stock option plan can help a franchisee understand the incentives and compensation structures within Batteries Plus Bulbs.