Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 105

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 8
Chunk 105
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 2023, respectively. Shares available for future purchase under the 2024 ESPP totaled 935 at December 27, 2024.

16

STOCK OPTION AND AWARD ACTIVITYOn August 15, 2023, the Company announced that William L. Ballhaus was appointed as the Company’s President and Chief Executive Officer. Mr. Ballhaus received an onboarding grant of premium-priced stock options ("New Hire Option") under the 2018 Plan. The Company and Mr. Ballhaus are parties to an employment agreement, which is included in exhibit 10.1 on Form 8-K filed by the Company with the SEC on August 15, 2023.The following table summarizes activity of the Company's stock option plans since June 28, 2024:Options OutstandingNumber ofSharesWeighted AverageGrant DateFair ValueWeighted AverageExercise PriceWeighted AverageRemainingContractual Term(Years)AggregateIntrinsic Value as of December 27, 2024Outstanding at June 28, 2024934 $12.71 $45.00 — Granted— — Exercised— — Canceled— — Outstanding at December 27, 2024934 12.71 45.00 3.21 years— Exercisable at December 27, 2024— $— $— — — There were no options vested or exercised during the second quarter ended December 27, 2024. Non-vested stock options are subject to the risk of forfeiture until the fulfillment of specified conditions. As of December 27, 2024, there was $7,531 of total unrecognized compensation cost related to non-vested options granted that is expected to be recognized over a weighted-average period of 2.21 years from December 27, 2024. The following table summarizes the status of the Company’s non-vested restricted stock awards and deferred stock awards since June 28, 2024: Non-vested Restricted Stock Awards Number ofSharesWeighted AverageGrant DateFair ValueOutstanding at June 28, 20241,526 $41.35 Granted873 39.82 Vested(292)43.47 Forfeited(97)43.65 Outstanding at December 27, 20242,010 $39.68 STOCK-BASED COMP