Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 23

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 23
---
.5 and $1.9 for the three month periods ended September 27, 2025 and September 28, 2024, respectively, and $11.9 and $7.2 for the nine month periods ended September 27, 2025 and September 28, 2024, respectively. The income tax benefit from share-based compensation was $0.4 for the three month periods ended September 27, 2025 and September 28, 2024 respectively, and $1.3 for the nine month periods ended September 27, 2025 and September 28, 2024, respectively.

Restricted Stock Unit GrantsRSUs are subject to a vesting period between one and four years. RSU activity for the nine month period ended September 27, 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 $13.10 Granted1,018,795 8.44 Vested(607,831)12.90 Forfeited(154,402)10.01 Unvested, outstanding at September 27, 20252,206,669 $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 $3.1 and $2.9 for the three month periods ended September 27, 2025 and September 28, 2024, respectively, and $9.5 and $6.5 for the nine month periods ended September 27, 2025 and September 28, 2024, respectively. As of September 27, 2025, there was an aggregate of $15.6 of unrecognized expense related to the RSUs granted, which the Company expects to amortize over a weighted-average period of 1.5 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 are subject to a two-year or three-year performance cliff-vesting