As of December 31, 2020, how many shares were underlying options outstanding for Management Recruiters?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
k options outstanding at December 31, 2019, and changes during the years ended December 31, 2021 and December 31, 2020:
| Number of shares underlying options | Weighted average exercise price per share | Weighted average grant date fair value | |
|---|---|---|---|
| Outstanding, December 31, 2019 | 29,165 | $ 7.20 | $ 3.76 |
| Forfeited | (12,083) | 8.76 | 4.34 |
| Outstanding, December 31, 2020 | 17,082 | 6. |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, as of December 31, 2020, there were 17,082 shares underlying options outstanding. The weighted average exercise price per share was $6.10, and the weighted average grant date fair value was $3.36.
This information is part of a summary of stock options outstanding and changes during the years ended December 31, 2021 and December 31, 2022. The table also provides data for December 31, 2019, and includes details on forfeited and exercised options during those years.
For a prospective Management Recruiters franchisee, understanding the company's stock option structure may not directly impact their day-to-day operations. However, it provides insight into the financial management and compensation strategies of the company. It also shows how Management Recruiters uses stock options as part of its overall financial strategy.
It is important to note that these figures represent stock options at the corporate level and may not directly relate to the franchisee's individual financial performance or obligations. Franchisees should focus on understanding their own financial obligations and revenue potential as outlined in other sections of the FDD.