How many SARs were outstanding for Caption By Hyatt as of December 31, 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
follows:
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| SARs | $ | 1 | $ | 1 | $ | — | ||
| RSUs | 7 | 5 | 5 | |||||
| PSUs | 1 | 2 | 1 | |||||
| Total | $ | 9 | $ | 8 | $ | 6 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, as of December 31, 2023, there were 3,883,347 SARs (Stock Appreciation Rights) outstanding. The weighted-average exercise price for these SARs was $67.20, and the weighted-average remaining contractual term was 5.68 years.
Stock Appreciation Rights (SARs) are a form of compensation that gives the recipient the right to the appreciation in the value of a specified number of shares of company stock over a certain period. The figures provided reflect the total number of SARs outstanding, their average exercise price, and the average time remaining until they expire.
For a prospective Caption By Hyatt franchisee, this information might not have a direct impact on their day-to-day operations. However, it provides insight into the company's overall compensation structure and potential future obligations related to stock-based compensation. Understanding these aspects of the company's financial structure can contribute to a more comprehensive assessment of the franchise opportunity.