For My Salon Suite, how many options were vested and exercisable as of December 31, 2023?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
ncial performance-based options are subject to vesting upon a change of control.
Information with respect to options under these plans is as follows:
| Outstanding | Weighted Average Exercise | |
|---|---|---|
| Options | Price | |
| Total | 20,579 | $ 1,000.00 |
| options | ||
| outstanding, | ||
| December | ||
| 31, | ||
| 2021 | ||
| Issued | 4,147 | 1,924.22 |
| Exercised | - | - |
| Forfeited | 2,114 | 1,000.00 |
| Total | 22,612 | $ 1,169.50 |
| options | ||
| outstanding, | ||
| December | ||
| 31, | ||
| 2022 | ||
| Issued | 2,530 | 2,214.19 |
| Exercised | 580 | 1,000.00 |
| Forfeited | 494 | 1,673.52 |
| Total | 24,068 | $ 1,273.06 |
| options | ||
| outstanding, | ||
| December |
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, as of December 31, 2023, 7,474 options were vested and exercisable. The weighted average exercise price for these options was $1,051.27.
This information pertains to share-based compensation plans offered by My Salon Suite's parent company to its employees. These options, granted under the 2019 Stock Option Plan, have a contractual life of ten years and typically vest over five years. The vesting schedule is split, with half based on service and the other half on financial thresholds.
For a prospective franchisee, this data provides insight into the compensation structure and equity incentives offered within the My Salon Suite organization. While it doesn't directly impact the franchise operations, it reflects the financial strategies and employee motivation methods employed by the parent company. Understanding these aspects can offer a more comprehensive view of the overall business model and management philosophy.