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Equity Agreements and Incentive Equity Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Awards
The summary of the Company’s restricted stock awards activity is as follows:

Restricted Stock Awards
B-1 Incentive UnitsB-2 Incentive Units
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Outstanding at December 31, 2021633 $18.00 807 $18.00 
Granted— — — — 
Vested245 18.00 — — 
Forfeited13 18.00 — — 
Outstanding at September 30, 2022375 $18.00 807 $18.00 
Summary of Option Activity
The summary of the Company’s option activity is as follows:

Time-based OptionsMarket-based Options
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Aggregate Intrinsic Value (a)
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Aggregate Intrinsic Value (a)
Outstanding at December 31, 20214,393 $6.49 $13,532 1,155 $5.66 $3,558 
Granted— — — — — — 
Exercised— — — — — — 
Forfeited102 7.14 — — — — 
Outstanding at September 30, 20224,291 $6.47 $— 1,155 $5.66 $— 
Options exercisable at September 30, 20222,940 $6.19 $— — $— $— 

(a) The intrinsic value represents the amount by which the fair value of the Company’s stock exceeds the option exercise price as of September 30, 2022.
Summary of RSU Activity
The summary of the Company’s RSU activity is as follows:

Restricted Stock Units
Number of
Units
Weighted-Average
Grant-Date
Fair Value
Outstanding at December 31, 2021390 $18.22 
Granted1,267 17.11
Vested209 18.08 
Forfeited64 19.66
Outstanding at September 30, 20221,384 $17.16 
Summary of PSU Activity
The summary of the Company’s PSU activity is as follows:

Performance Stock Units
Number of
Units
Weighted-Average
Grant-Date
Fair Value
Outstanding at December 31, 2021— $— 
Granted439 19.01 
Exercised— — 
Forfeited20.46 
Outstanding at September 30, 2022437 $19.01 
Summary of Stock Compensation Expense Compensation expense for the three months and nine months ended September 30, 2022 and September 24, 2021, and unrecognized stock compensation expense and weighted average remaining expense period as of September 30, 2022 consisted of:
Compensation ExpenseSeptember 30, 2022
Three Months EndedNine Months Ended
September 30,
2022
September 24,
2021
September 30,
2022
September 24,
2021
Unrecognized Compensation ExpenseWeighted-Average Remaining Contractual Term (Years)
2017 Plan
Incentive Units$— $367 $— $2,605 $— — 
2021 Plan
Restricted stock awards1,082 735 3,390 735 5,254 1.33
Time-based options1,672 12,278 5,077 12,278 8,891 1.97
Market-based options645 418 1,935 418 3,489 1.35
Restricted stock units1,726 593 5,132 593 20,714 3.27
Performance stock units165 — 1,864 — 3,821 1.59
Other equity-based compensation100 — 279 — 929 2.30
Total$5,390 $14,391 $17,677 $16,629 $43,098 1.99