What was the average price of exercisable assets for The Standardx as of December 31, 2024?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | Total | $ | 9 | $ | 8 | $ | 6 | | |
SARs—A summary of SAR activity is presented below:
| SARs | Weighted-average exercise price | Weighted-average remaining contractual term | |
|---|---|---|---|
| Outstanding at December 31, 2023 | 3,883,347 | $ 67.20 | 5.68 |
| Granted | 223,410 | 156.97 | |
| Exercised | (864,715) | 55.19 | |
| Forfeited or expired | — | — | |
| Outstanding at December 31, 2024 |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the weighted-average exercise price for exercisable assets, specifically SARs (Stock Appreciation Rights), was $65.23 as of December 31, 2024. The total number of SARs exercisable at that date was 2,541,081, with a remaining contractual term of 5.03 years. This indicates the average price a holder would need to pay to exercise their rights at that time.
For a prospective franchisee, understanding the value and terms of these exercisable assets can be important, especially if they are considering participating in any stock-based compensation programs offered by The Standardx. The exercise price represents a potential cost to acquire these assets, while the remaining contractual term indicates the window of opportunity to exercise them.
The FDD also provides data on SARs outstanding at the end of 2023 and 2024, along with details on grants, exercises, and forfeitures during those years. This historical data can help potential investors assess the overall trends and potential value associated with The Standardx's stock-based compensation.
It is important to note that these figures pertain specifically to SARs. The Standardx also utilizes other forms of stock-based compensation, such as RSUs (Restricted Stock Units) and PSUs (Performance Stock Units), which have their own values, vesting schedules, and terms as detailed elsewhere in the FDD.