How many shares of Brueggers Bagels options were outstanding on December 27, 2022?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
e Plan and Executive Ownership Plan*
Stock option activity during the fiscal years ended December 31, 2024 and December 26, 2023 is as follows (in thousands, except per share and life data):
| Options Outstanding | Number of Shares | Weighted Average Exercise Price | Weighted Average Contract Life | |
|---|---|---|---|---|
| Outstanding, December 27, 2022 | 109 | $ | 31.28 | 7.7 years |
| Granted | - | - | ||
| Exercised | (9) | 29.17 | ||
| Canceled | - | - | ||
| Forfeited | - | - | ||
| Outstanding, December 26, 2023 | 100 | $ | 31.28 | 7.5 ye |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, there were multiple instances of options outstanding on December 27, 2022. 109 shares were outstanding with a weighted average exercise price of $31.28 and a weighted average contract life of 7.7 years. Additionally, 75 shares were outstanding with a weighted average exercise price of $29.29 and a weighted average contract life of 6.8 years. Finally, 3 shares were outstanding with a weighted average exercise price of $62.31 and a weighted average contract life of 4.3 years.
These figures represent stock options granted to employees or other parties, giving them the right to purchase shares of the company's stock at a predetermined price. The weighted average exercise price indicates the average cost to exercise these options, while the contract life reflects the remaining time before the options expire.
For a prospective Brueggers Bagels franchisee, understanding these figures provides insight into the company's equity structure and potential dilution. It also highlights the incentives provided to employees through stock options, which can impact their motivation and alignment with the company's goals. Reviewing these details can help a franchisee assess the overall financial health and management practices of Brueggers Bagels.