Company: JOUT
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001140361-25-002853
Chunk: 11

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 8
Chunk 11
---
2024 and December 29, 2023 was $169 and $409, respectively.Restricted Stock UnitsAll restricted stock units (RSUs) awarded by the Company have been granted in the form of units payable in shares of Class A common stock upon vesting.  The units are valued at the fair market value of a share of Class A common stock on the date of grant and vest within one year from the date of grant for RSUs granted to directors, and subject to satisfaction of applicable performance criteria, three years from the date of grant for RSUs granted to employees.  The fair value at the date of grant is based on the number of units granted and the average of the Company’s high and low Class A common stock trading price on the date of grant or, if the Company’s Class A shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock trading price on the last preceding date on which the Company’s Class A shares traded.A summary of RSU activity for the three months ended December 27, 2024 follows: Number of RSUsWeighted AverageGrant PriceRSUs at September 27, 202484,192 $64.58 RSUs granted57,792 33.14 RSUs vested and canceled due to performance targets not being met(17,041)101.22 RSU's forfeited(3,690)54.20 RSUs at December 27, 2024121,253 44.76  Stock compensation expense, net of forfeitures, related to RSUs was $115 and $139 for the three month periods ended December 27, 2024 and December 29, 2023, respectively.  Unrecognized compensation cost related to non-vested RSUs as of December 27, 2024 was $1,755, which amount will be amortized to expense through September 2027 or adjusted for changes in future estimated or actual forfeitures.    RSU grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of units and issuance of unrestricted shares of Class A common stock by tendering a portion of such unrestricted shares back to the Company.  Because performance criteria was not met, the RSUs expiring in the period ended December 27, 2024 were canceled so shares tendered back to the Company for this purpose were 0 during the three month period ended December 27,