What is the APP/DAP fair value of awards vested during the year for Even Hotels in 2023?
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 |
| LTIP/DAP – Performance-related awards | 3.3 | 2.6 | 0.1 |
| LTIP/DAP – Restricted Stock Units | 18.7 | 14.8 | 14.4 |
| $28.0 $ | 23.6 $ | 21.9 |
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 2023 was $6.2 thousand. This information is part of the share-based compensation details provided in the financial statements. The document also provides figures for 2024 and 2022, allowing for a comparative analysis of these values over the three-year period.
These figures reflect the value of stock-based compensation that has become fully owned by the recipients (employees or executives) after meeting the vesting requirements. Vesting typically depends on continued employment and/or the achievement of specific performance goals. The fair value represents the estimated worth of these awards at the time they vest, which may differ from their initial grant date value due to changes in the company's stock price or other factors.
For a prospective Even Hotels franchisee, understanding these figures provides insight into the compensation structure for the company's executives and employees. While franchisees themselves may not directly participate in these specific share-based compensation plans, the overall financial health and management incentives of the parent company can impact the franchise system. It is important to note that these figures are in thousands, so the actual value is $6,200.
It is also important to consider these figures in the context of the overall compensation packages offered by Even Hotels and its parent company. Share-based compensation is a common tool used to attract and retain talent, and the trends in these values over time can indicate the company's commitment to its employees and its financial performance. A potential franchisee might want to inquire about the broader compensation philosophy and how it aligns with the company's strategic goals.