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Stock-Based Compensation Plans
6 Months Ended
Jul. 02, 2022
Compensation Related Costs [Abstract]  
Stock-Based Compensation Plans

Note 5. Stock-Based Compensation Plans

Restricted Stock Units (“RSUs”) and Performance Stock Unit (“PSUs”)

 

During the six months ended July 2, 2022, as part of the Company’s annual long-term compensation under the 2018 Stock Incentive Plan of Resideo Technologies, Inc. and its Affiliates and the 2018 Stock Incentive Plan for Non-Employee Directors of Resideo Technologies, Inc. as may be amended from time to time (together, the “Stock Incentive Plan”), it granted 672,453 market-based PSUs and 1,035,043 service-based RSUs to eligible employees. The weighted average grant date fair value per share for market-based PSUs and service-based RSUs was $36.04 and $24.54, respectively. Annual awards to our key employees generally have a three or four year performance period. The fair value is based on the Company’s stock price as of the date of grant.