What was the total number of outstanding options for My Salon Suite as of December 31, 2022?
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, |
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, 2022, the total number of outstanding options was 22,612. The weighted average exercise price for these options was $1,169.50.
In 2022, My Salon Suite issued 2,530 options with a weighted average exercise price of $2,214.19. During the same year, 580 options were exercised at a price of $1,000.00, and 494 options were forfeited with a weighted average exercise price of $1,673.52.
These figures provide a snapshot of My Salon Suite's stock option activity, which is typically used to incentivize employees or other stakeholders. For a prospective franchisee, this information may be relevant in understanding the company's overall financial health and its approach to employee compensation and equity. Understanding the terms and conditions of these options isn't directly relevant to a franchisee's operations, but it can offer insight into the company's management and financial strategies.