In October 2021, how many shares of Management Recruiters common stock were issued?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
hares that did not meet the vesting criteria. These shares are also held in treasury.
Issuance of Common Stock
In October 2021, we issued 4,166 shares of stock
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, in October 2021, Management Recruiters issued a total of 4,166 shares of common stock. These shares were issued as a result of the exercise of common stock options. The strike price for these options was $8.04 per share, resulting in a total purchase price of $33,495.
This information is relevant to potential franchisees as it provides insight into the company's stock issuance practices and the terms associated with those issuances. Understanding the company's equity structure and compensation plans can help franchisees assess the financial health and management practices of Management Recruiters.
It's important to note that this issuance was specifically related to the exercise of stock options. The FDD also mentions other instances of stock issuance related to employee incentive plans and acquisitions, but those are separate from the October 2021 issuance related to stock option exercises.