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Stock Based Compensation (Tables)
3 Months Ended
Mar. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Price Appreciation Equity Program Awards The following tables summarize information about the Company’s stock price appreciation equity program awards described above:

Award Summary

 

Tranche

 

Grant Date Fair Value

 

 

Share Price Vesting Conditions*

 

Underlying Share #

 

 

Contractual Service Period

 

Derived Service Period

 

 

September 16, 2024

 

 

September 17, 2024

 

 

Both Grant Dates

 

September 16, 2024

 

 

September 17, 2024

 

 

Both Grant Dates

 

September 16, 2024

 

September 17, 2024

1

 

$

21.26

 

 

$

22.85

 

 

>$30pershare

 

 

424,000

 

 

 

202,450

 

 

1 year

 

0.60 years

 

0.46 years

2

 

$

14.96

 

 

$

16.31

 

 

$30to$40pershare

 

 

424,000

 

 

 

202,450

 

 

2 years

 

2.00 years

 

1.86 years

3

 

$

9.93

 

 

$

11.03

 

 

$40to$50pershare

 

 

424,000

 

 

 

202,450

 

 

3 years

 

2.71 years

 

2.60 years

Summary of Fair Valye Assumption Utilized in Lattice Valuation Model

The following table summarizes the fair value assumption utilized in the Monte Carlo valuation model to calculate fair value:

 

 

 

 

 

 

 

 

 

 

 

Grant Date

 

Volatility

 

 

Risk Free Interest Rate

 

 

Dividend Yield

 

September 16, 2024

 

 

29.5

%

 

 

3.38

%

 

 

1.70

%

September 17, 2024

 

 

29.5

%

 

 

3.41

%

 

 

1.65

%