Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 62

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 28, 2025 and June 29, 2024, respectively and $8.4 and $5.3 for the six month periods ended 

19

Janus International Group, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

June 28, 2025 and June 29, 2024, respectively. The income tax benefit from share-based compensation was $0.4 and $0.5 for the three month periods ended June 28, 2025 and June 29, 2024, respectively, and $1.0 and $0.9 for the six month periods ended June 28, 2025 and June 29, 2024, respectively. Restricted Stock Unit GrantsRSUs are subject to a vesting period between one and four years. RSU activity for the six month period ended June 28, 2025 is as follows:(amounts in millions, except share and per share data)RSUsWeighted Average Grant Date Fair ValueUnvested, outstanding at December 28, 20241,950,107 $13.13 Granted909,903 8.30 Vested(564,603)13.01 Forfeited(45,844)11.36 Unvested, outstanding at June 28, 20252,249,563 $11.25 Share-based compensation expense for RSUs is recognized straight line over the respective vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation expense related to the above awards was approximately $3.4 and $2.5 for the three month periods ended June 28, 2025 and June 29, 2024, respectively, and $6.4 and $3.6 for the six month periods ended June 28, 2025 and June 29, 2024, respectively. As of June 28, 2025, there was an aggregate of $18.7 of unrecognized expense related to the RSUs granted, which the Company expects to amortize over a weighted average period of 1.7 years. Performance-based Restricted Stock Unit GrantsPSU awards are based on the satisfaction of the Company’s three-year cumulative financial targets. The number of PSUs that can be earned range from 0% and 200% of the original target number of PSUs. PSUs