How many My Salon Suite options were forfeited in 2023?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
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Information with respect to options under these plans are as follows:
| Outstanding Options | Weighted Average Exercise Price | |
|---|---|---|
| Total options outstanding, December 31, 2022 | 22,612 | $ 1,169.50 |
| Issued | 2,530 | 2,214.19 |
| Exercised | (580 ) | 1,000.00 |
| Forfeited | (494 ) | 1,673.52 |
| Total options outstanding, December 31, 2023 | 24,068 | $ 1,273.06 |
| Issued | 1,500 | 2,702.00 |
| Exercised | (160 ) | 1,924.22 |
| Forfeited | (748 ) | 1,840.42 |
| Total options outstanding, December 31, 2024 | 24,660 | $ 1,338.5 |
Source: Item 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, 748 options were forfeited in 2023 with a weighted average exercise price of $1,840.42. This is in comparison to 494 options forfeited in 2022 with a weighted average exercise price of $1,673.52. These options may be related to the company's equity or stock option plans, and forfeitures can occur when an employee leaves the company or does not meet certain vesting requirements.
The number of forfeited options can fluctuate year to year based on various factors, including the number of options issued, the vesting schedules, and employee turnover. For My Salon Suite franchisees, understanding the context of these options is less relevant than for those involved in the direct corporate management or ownership. Franchisees are typically more concerned with the performance of their individual franchise locations and the overall support provided by the franchisor.
While the forfeiture of options does not directly impact the day-to-day operations of a My Salon Suite franchise, it can provide insight into the company's overall employee retention and compensation strategies. Prospective franchisees might consider this information as part of a broader assessment of the company's stability and management practices. However, it is more pertinent to those considering employment or investment at the corporate level rather than those focused on operating a franchise.