What was the amount of Budget's net activity related to restricted stock units in 2023?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Commo | n Stock | Additional Pald-in | Retained Earnings | Accumulated Other | Treasur | y Sto | Stockholders' Equity Attributable to Avis Budget | Non-controlling Interests | Total Stoci | cholders' Equity | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amou | int | Capital | . ( | (Accumulated Deficit) | (Loss) | Shares | _ | Amount | Group, Inc. $ (220) | ÷ | 11 | 3 | (209) | ||
| Balance at January 1, 2022 | 137.1 | $ | 1 | $ 6,676 | $ | (185) | $ | (133) | (81,2) | $ | (6,579) | $ (220) | • | • | . | |
| Comprehensive Income: | _ | 2.764 | _ | _ | _ | 2.764 | (8) | 2,756 32 | ||||||||
| Net income | _ | _ | _ | _ | 32 | _ | - | 32 | _ | 2,789 | ||||||
| Other comprehensive income | _ | _ | 2,784 | 32 | 2,796 | (8) | 2,700 | |||||||||
| Total comprehensive income | _ | _ | 24 | _ | _ | _ | _ | 24 | _ | (36) | ||||||
| Contributions from non-controlling interests | _ | (34) | _ | _ | 0.3 | (2) | (38) | (3.267) | ||||||||
| Net activity related to restricted stock units | _ | _ | - | (16.7) | _ | (3,287) | _ | |||||||||
| Repurchases of common stock | ||||||||||||||||
| Balance at December 31, 2022 | 137.1 | 5 | 1 | $ 6,868 | 5 | 2.579 | $ | (101) | (97.6) | $ | (9,848) | $ (703) | $ | 3 | $ | (700) |
| Comprehensive income: | _ | 1,632 | 3 | 1,635 | ||||||||||||
| Net income | _ | - | _ | 1,632 | 7 | _ | 5 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the net activity related to restricted stock units in 2023 was ($897). This figure represents the financial impact of transactions involving restricted stock units, which are a form of equity compensation, during that year. Restricted stock units (RSUs) are awards granted to employees that give them the right to receive shares of company stock after a vesting period is complete.
For a prospective Budget franchisee, this information provides insight into the company's financial management and employee compensation strategies. While it may not directly impact the day-to-day operations of a franchise, it reflects the overall financial health and compensation practices of Budget's corporate structure. Understanding how Budget manages its equity and compensation can help franchisees assess the stability and long-term vision of the company.
The inclusion of this information in Budget's financial statements demonstrates transparency and adherence to accounting standards. Franchisees can use this data, along with other financial metrics, to evaluate the financial performance and stability of Budget as a franchisor. However, it is important to consider this figure in the context of the company's overall financial performance and compensation policies, rather than in isolation.