Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 86

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 86
---
2025 was $1,646, which amount will be amortized to expense through November 2027 or adjusted for changes in future estimated or actual forfeitures.Restricted Stock Units All restricted stock units awarded by the Company during fiscal 2025 and in prior years have been granted at their fair market value on the date of grant.  The fair value at 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 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 shares traded.  The vesting period for RSUs is generally one year from the date of grant for RSUs granted to directors and three years from the date of the grant for RSUs granted to employees. A summary of RSU activity follows: Number of RSUsWeighted AverageGrant PriceRSUs at September 29, 202368,244 $76.38 RSUs granted38,054 54.20 RSUs vested(17,516)88.49 RSUs forfeited(4,590)62.65 RSUs 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 RSUs forfeited(3,690)54.20 RSUs at October 3, 2025121,253 44.76 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. Shares tendered back to the Company were 0 and 2,331 during 2025 and 2024, respectively.  The fair value of restricted stock units vested during 2025, 2024 and 2023 was approximately $0, $1,171 and $2,247, respectively.Stock compensation (benefit) expense, net of forfeitures, related to restricted stock units was $(324), $(503) and $732 for the years ended October 3, 2025, September 27, 2024 and September 29, 2023, respectively.