What was the weighted-average exercise price for Del Taco options outstanding at October 1, 2023?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
of service thresholds. All option grants provide for an option exercise price equal to the closing market value of the common stock on the date of grant.
The following is a summary of stock option activity for fiscal 2024:
| Shares | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value (in thousands) | |
|---|---|---|---|---|
| Options outstanding at October 1, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the weighted-average exercise price for options outstanding at October 1, 2023, was $94.92. These options represent the right to purchase shares of stock at a specified price, and the weighted average provides an overall view of the average price across all outstanding options.
For a prospective Del Taco franchisee, understanding the company's stock option structure can provide insight into the overall financial health and management incentives within the organization. Stock options are often used as a form of compensation for employees and executives, aligning their interests with the company's performance.
The FDD also notes that there were 28,950 options outstanding at October 1, 2023. Additionally, 14,939 options expired with a weighted-average exercise price of $104.95. By September 29, 2024, the number of options outstanding decreased to 14,011, with a weighted-average exercise price of $84.23.