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Item 5. Other Information
6 Months Ended
Jul. 01, 2023
Notes to Financial Statements  
Issuer Rule 10b5-1, Material Terms [Text Block]

ITEM 5. OTHER INFORMATION

 

Rule 10b5-1 Trading Plans

 

On May 23, 2023, James Anderson, President and Chief Executive Officer, adopted a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense condition of Rule 10b5-1(c), pursuant to which an estimated aggregate of 250,725 shares of our Common Stock may be sold. The aggregate number of shares sold may differ based on tax withholdings for vesting stock awards and actual market achievement for performance RSUs. The duration of the trading arrangement is until November 29, 2024, or earlier if all transactions under the trading arrangement are completed.

 

On June 1, 2023, Sherri Luther, Senior Vice President and Chief Financial Officer, modified a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense condition of Rule 10b5-1(c),  pursuant to which an estimated aggregate of 35,175 shares of our Common Stock may be sold. The aggregate number of shares sold may differ based on tax withholdings for vesting stock awards and actual market achievement for performance RSUs. The duration of the trading arrangement is until February 28, 2024, or earlier if all transactions under the trading arrangement are completed.