For The Standardx, what total amount of stock-based compensation expense was recognized in 2023?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
olidation.
The following table provides a reconciliation of segment Adjusted EBITDA to income before income taxes:
| | Year Ended December 31, | | | | | | | | | |--------------------------------------------------------------------------------------------|-------------------------|---------|----|-------------|---------|--|--|--|--| | | | 2024 | | 2023 | 2022 | | | | | | Segment Adjusted EBITDA | $ | 1,255 | $ | 1,231 $ | 1,105 | | | | | | Unallocated overhead expenses | | (160) | | (177) | (170) | | | | | | Eliminations | | 1 | | 1 | 1 | | | | | | Contra revenue | | (69) | | (47) | (31) | | | | | | Revenues for reimbursed costs | | 3,352 | | 3,058 | 2,620 | | | | | | Stock-based compensation expense (Note 17) (1) | | (62) | | (75) | (60) | | | | | | Transaction and integration costs | | (42) | | (42) | (35) | | | | | | Depreciation and amortization | | (333) | | (397) | (426) | | | | | | Reimbursed costs | | (3,457) | | (3,144) | (2,632) | | | | | | Equity earnings (losses) from unconsolidated hospitality ventures | | 31 | | (1) | 5 | | | | | | Interest expense | | (180) | | (145) | (150) | | | | | | Gains (losses) on sales of real estate and other | | 1,245 | | 18 | 263 | | | | | | Asset impairments | | (213) | | (30) | (38) | | | | | | Other income (loss), net | | 257 | | 124 | (34) | | | | | | Pro rata share of unconsolidated owned and leased hospitality | | (62) | | (64) | (55) | | | | | | ventures' Adjusted EBITDA | | | | | | | | | | | Income before income taxes | $ | 1,563 | $ | 310 $ | 363 | | | | | (1) Includes amounts recognized in general and administrative expenses and distribution expenses.
(2) Includes intercompany commission fee expenses paid to our management and franchising segment, which are eliminated in consolidation.
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the total stock-based compensation expense recognized in 2023 was $75. This figure represents the expense related to stock-based compensation programs, excluding amounts related to employees of managed hotels and other employees whose payroll is reimbursed. These reimbursed expenses are recognized separately as revenues for reimbursed costs.
The stock-based compensation expense includes expenses recognized in general and administrative expenses, distribution expenses, and transaction and integration costs. For prospective franchisees, understanding this figure provides insight into The Standardx's employee compensation structure and its impact on the company's overall expenses. It's important to note that this expense does not include amounts reimbursed by third-party owners and franchisees.
Additionally, the weighted-average grant date fair value for awards granted in 2023 was $120.64. No Performance Share Units (PSUs) vested during 2023. This information, combined with the total stock-based compensation expense, offers a more comprehensive view of The Standardx's equity-based compensation practices and how they have evolved over time. Franchisees should consider these factors when evaluating the financial health and management practices of The Standardx.