What was the total number of SARs outstanding at the end of 2023 for The Standardx?
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, there were 3,883,347 SARs outstanding at December 31, 2023. 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 none were forfeited or expired.
As a result, the number of SARs outstanding at 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 were exercisable at December 31, 2024, with a weighted-average exercise price of $65.23 and a weighted-average remaining contractual term of 5.03 years.