What amount of benefits were paid related to Qualifi for Del Taco in 2023?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
As of September 29, 2024, there was no unrecognized compensation cost related to nonvested stock awards. The total fair value of awards that vested and were released during fiscal 2023 was $0.4 million.
The weighted-average grant date fair value of awards granted was $70.19, $65.74, and $78.95 in fiscal years 2024, 2023, and 2022, respectively.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, information regarding benefits paid related to Qualifi for Del Taco is not explicitly provided. However, the document does include details on equity compensation plans, unrecognized compensation costs, and fair values of awards.
Specifically, the FDD mentions that the total fair value of awards that vested and were released during fiscal year 2023 was $0.4 million. This refers to nonvested restricted stock awards. Additionally, the weighted-average grant date fair value of awards granted was $65.74 in fiscal year 2023. These figures relate to overall compensation and equity plans assumed by the company after acquiring Del Taco.
To get precise data on Qualifi-related benefits, a prospective Del Taco franchisee should directly ask the franchisor for clarification. Understanding the specific benefits programs and associated costs is crucial for assessing the overall financial health and employee compensation structure of the franchise.