Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 69

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 69
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        >$30pershare

        424,000

        202,450

        1 year
         
        0.60 years
         
        0.46 years

        2
         
        $
        14.96

        $
        16.31

        $30to$40pershare

        424,000

        202,450

        2 years
         
        2.00 years
         
        1.86 years

        3
         
        $
        9.93

        $
        11.03

        $40to$50pershare

        424,000

        202,450

        3 years
         
        2.71 years
         
        2.60 years
       
                The following table summarizes the fair value assumption utilized in the Monte Carlo valuation model to calculate fair value: 

        Grant Date
         
        Volatility

        Risk Free Interest Rate

        Dividend Yield

        September 16, 2024

        29.5
        %

        3.38
        %

        1.70
        %

        September 17, 2024

        29.5
        %

        3.41
        %

        1.65
        %
       
                In connection with the acquisition of LeewayHertz, the Company entered into an employment agreement with the selling shareholder and certain key employees by which the Company granted 439,453 restricted stock units, with either both performance and service requirements or just service requirements at a grant-date fair value of $25.86 per share with four year vesting terms. For the year ended December 27, 2024, the Company recorded $2.0 million of non-cash stock compensation expense.           The Company recorded restricted stock units-based compensation expense of $19.5 million, $10.7 million and $10.3 million in 2024, 2023, and 2022 respectively, which is included in stock compensation expense, based on the vesting provisions of the restricted stock units and the fair value of the stock on the grant date. As of December 27, 2024, there was $47.2 million of total restricted stock unit compensation expense related to the unvested awards not yet recognized, which is expected to be recognized