Share Plans (Tables)

12 Months Ended

Dec. 30, 2022

Share option activity and information was as follows:


	Share Options	Weighted-Average Exercise Price




Outstanding as of December 27, 2019 (Predecessor)	6,890,700	36.39
Expired/Forfeited	(820,988)	39.65
Outstanding as of December 25, 2020 (Predecessor)	6,069,712	35.95


Expired/Forfeited	(516,193)	45.63
Outstanding as of December 31, 2021 (Predecessor)	5,553,519	35.05
Expired/Forfeited	(5,553,519)	35.05
Outstanding as of June 16, 2022 (Predecessor)	—	—

RSU activity was as follows:


	Shares	Weighted-Average Grant-Date Fair Value




Non-vested as of 12/27/2019 (Predecessor)	1,419,020	22.68

Exercised	(647,167)	24.23
Expired/Forfeited	(281,182)	22.11
Non-vested as of 12/25/2020 (Predecessor)	490,671	20.96

Exercised	(186,930)	23.43
Expired/Forfeited	(60,844)	19.58
Non-vested as of 12/31/2021 (Predecessor)	242,897	19.40
Expired/Forfeited	(242,897)	19.40
Non-vested as of June 16, 2022 (Predecessor)	—	—


Non-vested as of June 17, 2022 (Successor)	—	—
Granted	890,485	12.03
Non-vested as of December 30, 2022 (Successor)	890,485	12.03

PSU activity was as follows (1):


	Shares	Weighted-Average Grant-Date Fair Value




Non-vested as of December 27, 2019 (Predecessor)	1,195,505	23.85

Forfeited	(1,195,505)	23.85

Non-vested as of December 25, 2020 (Predecessor)	—	—


Non-vested as of June 17, 2022 (Successor)	—	—
Granted	675,821	8.34
Non-vested as of December 30, 2022 (Successor)	675,821	8.34

(1) The number of shares disclosed within this table are at the target number of 100.0%.

The assumptions used in the Monte Carlo model for PSUs granted during the period June 17, 2022 through December 30, 2022 (Successor) were as follows:




Expected stock price volatility	38.9	%
Peer group stock price volatility	128.0
Correlation of returns	24.4