What was the weighted average exercise price for Carvel shares outstanding on December 31, 2023?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
based upon achieving certain operating results. The options expire 10 years from the date of grant or in the event of a change in control under certain circumstances, as defined in the Plans.
The weighted average grant date fair value of options granted during the fiscal years ended December 29, 2024 and December 31, 2023 was $115.43 and $105.71, respectively, per option. The Parent reduced the exercise prices of unvested outstanding options and paid out bonuses on vested outstanding options to make all option holders w
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the weighted average exercise price for shares outstanding on December 31, 2023, was $171.85. This figure represents the average price at which holders of Carvel stock options could purchase shares of the company's stock as of that date.
The provided table also details the changes in the number of shares and their weighted average exercise price over time. For instance, at December 25, 2022, the weighted average exercise price was $182.43 for 218,837 shares. During the year, additional shares were granted with an exercise price of $251.48, while some shares were exercised at $146.64 and others were forfeited or expired at $161.73, leading to the $171.85 figure at the end of 2023.
Understanding the movement in share prices and options can be important for franchisees as it provides insight into the financial management and equity structure of Carvel's parent company. While franchisees do not directly participate in stock option plans, the overall financial health and stability of the parent company can impact the support and resources available to the franchise system.