What was the weighted average exercise price for Benihana shares outstanding at December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
n expense for the year ended December 31, 2021 included $0.4 million of employer payroll taxes associated with stock option and restricted stock units ("RSU") activity and $0.3 million of compensation costs for the vesting of market condition-based stock options and RSUs.
Stock Option Activity
Changes in outstanding stock options during the years ended December 31, 2021 and 2020 were as follows:
| Shares | Weighted average exercise price | Weighted average remaining contractual life | Intrinsic value (thousands) |
|---|
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the weighted average exercise price for shares outstanding at December 31, 2021, was $3.36. At that time, 1,252,352 shares were outstanding. The weighted average remaining contractual life was 3.92 years, and the intrinsic value was $11,581 (thousands). Also at that time, 1,126,685 shares were exercisable at a weighted average exercise price of $3.48 with a weighted average remaining contractual life of 3.72 years and an intrinsic value of $10,283 (thousands).