The following summarizes the share-based compensation expense recognized under all of the Company’s stock plans (in thousands):


	Three Months Ended				Six Months Ended
	Jul 29, 2023		Jul 30, 2022		Jul 29, 2023		Jul 30, 2022
Stock options	$	207	$	712	$	713	$	1,312
Stock awards/units	5,203		5,852		9,268		9,224
Employee Stock Purchase Plan	45		63		94		143
Total share-based compensation expense	$	5,455	$	6,627	$	10,075	$	10,679

As of July 29, 2023, there was no unrecognized compensation cost related to nonvested stock options and approximately $32.1 million of unrecognized compensation cost related to nonvested stock awards/units. This cost is expected to be recognized over a weighted average period of 1.7 years.

On May 12, 2023 and July 3, 2023, the Company granted 471,373 and 5,153 nonvested stock units, respectively, to certain of its executive employees. These nonvested stock units are subject to certain performance-based or market-based vesting conditions.

The Company has granted certain nonvested stock units subject to performance-based vesting conditions to select executive officers. Each award of nonvested stock units generally has an initial vesting period from the date of the grant through either (i) the end of the first fiscal year or (ii) the first anniversary of the date of grant, followed by annual vesting periods which may range from two-to-three years.

The following summarizes the activity for nonvested performance-based units during the six months ended July 29, 2023:


	Number of Units	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	612,627	$	20.14
Granted	340,042	18.14
Vested	(278,757)	18.25
Forfeited	(184,365)	20.34
Nonvested at July 29, 2023	489,547	$	19.75

The Company has granted certain nonvested stock units subject to market-based vesting conditions to select executive officers. These market-based awards include (i) units where the number of shares that may ultimately vest will equal 0% to 150% of the target number of shares, subject to the performance of the Company’s total stockholder return (“TSR”) relative to the TSR of a select group of peer companies over a

three-year period and (ii) units scheduled to vest based on the attainment of certain absolute stock price levels over a four-year period. Vesting is also subject to continued service requirements through the vesting date.

The following summarizes the activity for nonvested market-based units during the six months ended July 29, 2023:


	Number of Units	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	946,787	$	14.75
Granted1	281,487	12.06
Vested1	(505,494)	6.38
Forfeited	—	—
Nonvested at July 29, 2023	722,780	$	19.55

1As a result of the achievement of certain market-based vesting conditions, there were 145,003 shares that vested in addition to the original target number of shares granted in fiscal 2021.