As of December 29, 2024, how many time-based awards were outstanding for Bojangles?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, 2024 | 182,960 |
|---|---|
| Vested as of December 29, 2024 | 134,847 |
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, as of December 29, 2024, there were 182,960 time-based awards outstanding. These awards are part of Bojangles' incentive plan for officers, directors, employees, and consultants. These awards vest over time, with 40% vesting in equal annual installments over four to five years.
These time-based awards are Class B Share-Based Unit awards. As of December 29, 2024, the FDD states that 134,847 of these time-based awards were vested. The weighted-average fair value of the time-based awards on the dates of the grant ranged from $30.14 to $64.92.
For prospective franchisees, this information is unlikely to directly impact their operations. However, it provides insight into Bojangles' overall financial health and how it incentivizes its leadership and employees. Understanding the company's compensation structure can offer a glimpse into its values and priorities.