What was the total number of outstanding assets for The Standardx as of December 31, 2023?
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, 202 |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, information regarding outstanding share appreciation rights (SARs) is available. As of December 31, 2023, there were 3,883,347 SARs outstanding. The weighted-average exercise price for these SARs was $67.20, and the weighted-average remaining contractual term was 5.68 years.
In 2024, The Standardx granted an additional 223,410 SARs with a weighted-average exercise price of $156.97. During that same year, 864,715 SARs were exercised at a weighted-average price of $55.19, and some SARs were forfeited or expired.
As a result of these changes, the number of SARs outstanding as of December 31, 2024, was 3,242,042, with a weighted-average exercise price of $76.59 and a weighted-average remaining contractual term of 5.68 years. Of these, 2,541,081 SARs were exercisable at a weighted-average price of $65.23 and a weighted-average remaining contractual term of 5.03 years.