What was the number of performance share awards outstanding at Del Taco on October 1, 2023?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
ares of common stock at the election of the Company on the date of grant. It is our intent to settle these awards with shares of common stock.
The following is a summary of performance share award activity for fiscal 2024:
| Shares | Veighted- Average Grant Date Fair Value | |
|---|---|---|
| Performance share awards outstanding at October 1, 2023 | 107,174 | $ 72.51 |
| Granted |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, there were 107,174 performance share awards outstanding on October 1, 2023. The weighted-average grant date fair value for these shares was $72.51.
Performance share awards are a form of equity compensation, often granted to employees or executives, that vest based on the achievement of specific performance goals. The number of outstanding awards reflects the total number of these shares that have been granted but have not yet been earned or forfeited as of that date.
For a prospective franchisee, this information provides insight into Del Taco's employee compensation structure and how the company incentivizes performance. While it doesn't directly impact the franchisee's day-to-day operations, it offers a glimpse into the overall financial health and management practices of the company. Understanding the value and number of performance shares can help a franchisee assess the potential alignment of interests between the franchisor and its employees.