The 2019 Incentive Plan authorized the issuance of up to a maximum of 15,885,000 RSUs. The Company issues new shares of common stock upon vesting of RSUs. Shares for vested RSUs are generally delivered to participants annually, net of shares withheld for taxes.

At November 26, 2023, 7,097,000 shares were available to be granted as RSUs, and the following awards were outstanding:

•2,726,000 time-based RSUs, which vest upon continued employment over specified periods and accelerate upon achievement of a long-service term;

•69,000 performance-based RSUs granted to executive officers of the Company, for which the performance targets have been met. The awards vest upon continued employment over specified periods of time and upon achievement of a long-service term; and

•90,000 performance-based RSUs granted to executive officers of the Company, subject to achievement of performance targets for fiscal 2024, as determined by the Compensation Committee of the Board of Directors after the end of the fiscal year. These awards are not included in the table below or in the amount of unrecognized compensation cost.

The following table summarizes RSU transactions during the first quarter of 2024:


	Number of Units (in 000s)	Weighted-Average Grant Date Fair Value
Outstanding at September 3, 2023	3,045	$	405.63
Granted	1,573	544.28
Vested and delivered	(1,810)	430.49
Forfeited	(13)	446.28
Outstanding at November 26, 2023	2,795	$	467.39

The remaining unrecognized compensation cost related to RSUs unvested at November 26, 2023, was $1,193, and the weighted-average period over which this cost will be recognized is 1.8 years.

The following table summarizes stock-based compensation expense and the related tax benefits:


	12 Weeks Ended
	November 26, 2023		November 20, 2022
Stock-based compensation expense	$	444	$	402
Less recognized income tax benefits	95		89
Stock-based compensation expense, net	$	349	$	313