What was the total value of SARs, RSUs, and PSUs for The Standardx, as of December 31, 2023?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
tegration costs on our consolidated statements of income related to our awards was as follows:
| Year Ended December 31, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||||
| SARs | $ | 15 | $ | 13 | $ | 12 | |||
| RSUs | 34 | 4 |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the combined value of SARs (Stock Appreciation Rights), RSUs (Restricted Stock Units), and PSUs (Performance Stock Units) as of December 31, 2023, was $75 million. This total is derived from the individual values of each component: SARs at $13 million, RSUs at $40 million, and PSUs at $22 million.
These figures represent the value of stock-based compensation that The Standardx has granted to employees, which had not yet been earned as of the end of 2023. Stock-based compensation is a common way for companies to incentivize and retain employees by aligning their interests with the company's performance. The value of these awards can fluctuate based on the company's stock price and performance metrics.
For a prospective franchisee, understanding these figures provides insight into The Standardx's compensation structure and how it motivates its employees. While franchisees themselves typically do not participate in these stock-based compensation programs, the overall financial health and employee incentives of the franchisor can indirectly impact the support and resources available to franchisees. A well-incentivized and financially stable franchisor is more likely to provide better support and invest in the franchise system's growth.
It's important to note that these values represent unearned compensation, meaning the employees had not yet fully vested in these awards as of December 31, 2023. The actual value realized by employees may differ depending on the vesting schedules, company performance, and stock price fluctuations.