What was the weighted average exercise price for Benihana stock options outstanding on January 1, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
on for the year ended December 31, 2022 included $0.2 million of compensation costs for market condition-based restricted stock units ("RSU"). Refer to discussion of CEO RSUs below. In addition, stock-based compensation expense for the year ended December 31, 2021 included $0.4 million of employer payroll taxes associated with stock option and restricted RSU activity and $0.3 mill
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 outstanding stock options on January 1, 2021, was $3.37 per share. At that time, there were 1,707,008 shares outstanding.
This information is relevant to prospective franchisees as it provides insight into the company's stock option structure and potential dilution of equity. While franchisees typically do not directly participate in stock option plans, understanding the overall financial structure of Benihana can be beneficial.
The FDD also provides data on stock options exercised, cancelled, or forfeited, as well as information on non-vested stock options. Reviewing these details can offer a more comprehensive view of Benihana's equity compensation practices. The number of shares, the exercise price, and the remaining contractual life of options can all impact the company's financial health and, indirectly, the franchise system.
It is important to note that stock option data can change over time, so the figures presented in the 2024 FDD reflect a specific point in time. Prospective franchisees should consider this information as part of their overall due diligence, but also recognize that it is just one aspect of the franchise opportunity.