According to the 2025 FDD, Benjamin Franklin Plumbing's stock-based compensation expenses for the year 2022 were $4,409. This figure reflects the expenses recognized by the company for equity-based compensation plans offered to employees or executives. These plans typically involve granting stock options, restricted stock, or other equity instruments, and the expense represents the value of these instruments as they vest over time. Stock-based compensation is a non-cash expense, meaning it does not involve an actual outflow of cash, but it does impact the company's reported earnings.

In 2022, Benjamin Franklin Plumbing also had specific stock-based compensation expenses related to its 2018 Equity Plan. The company recognized $1,149 in stock-based compensation expense for the settlement of time-vesting awards and $4,030 for performance-vesting awards. Of these amounts, $3,244 was allocated by specific unit holder allocation, and $1,935 was allocated based on revenue. Additionally, modifications to Class B Profit Interests granted to management team members resulted in a stock-based compensation expense of approximately $1,215 for the same year.

Furthermore, the company's 2022 Equity Plan involved Class B Profit Interest Units, where a portion vested over time based on continued employment and achieving a set return on invested capital. The remaining awards vested upon achieving multiples of invested capital, contingent on a change in control event. However, for the years ended December 31, 2024, 2023, and 2022, Benjamin Franklin Plumbing determined that it was not probable that any change in control events would occur. Consequently, compensation expenses related to the portion of awards conditioned upon these events were not recognized in the consolidated financial statements for those years. This indicates that the company's stock-based compensation expenses can vary depending on the vesting conditions and the likelihood of certain events occurring.