What was the amount of share-based compensation expense for Del Taco in 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
pense** — The components of share-based compensation expense, included within "Selling, general, and administrative expenses" in our consolidated statements of earnings, in each fiscal year are as follows (in thousands):
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Nonvested restricted stock units | $ 10,128 | $ 7,598 | $ 4,544 |
| Stock options | 4 | 19 | |
| Performance share awards |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the total share-based compensation expense for Del Taco in 2024 was $13,471. This figure represents the combined expenses from nonvested restricted stock units, performance share awards, and non-management directors' deferred compensation. Share-based compensation is a non-cash expense that reflects the cost of equity-based awards provided to employees and directors.
Specifically, the components of the $13,471 total include $10,128 for nonvested restricted stock units, $3,308 for performance share awards, and $35 for non-management directors' deferred compensation. These figures provide insight into how Del Taco compensates its employees and directors using equity-based incentives.
For a prospective franchisee, understanding these compensation expenses is important as it reflects the overall financial health and management practices of Del Taco. While franchisees are not directly impacted by these corporate-level expenses, they offer a glimpse into how the company values and incentivizes its leadership and employees, which can indirectly affect the support and resources available to franchisees.