What is the APP/DAP fair value of awards vested during the year for Even Hotels in 2022?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| exercised in the year | |||
|---|---|---|---|
| APP/DAP | $7.7 $ | 7.4 $ | 7.9 |
| LTIP/DAP – Performance-related awards | 8.9 | 6.2 | 0.3 |
| LTIP/DAP – Restricted Stock Units | 32.1 | 24.1 | 16.5 |
| $48.7 $ | 37.7 $ | 24.7 | |
| Fair value of awards | |||
| vested during the year | |||
| APP/DAP | $6.0 $ | 6.2 $ | 7.4 |
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the fair value of APP/DAP awards vested during the year ended December 31, 2022, was $7.4.
This figure represents the estimated value of share-based compensation that vested for Even Hotels employees during that specific year. These awards are part of the company's overall compensation strategy, intended to incentivize and reward employees through equity.
For a prospective franchisee, this information provides insight into the company's financial practices and how it compensates its employees. While it may not directly impact the franchisee's day-to-day operations, understanding the company's financial health and compensation structure can be valuable for assessing the overall stability and management of Even Hotels.