Company: STAA
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0000950170-25-058174
Chunk: 28

Company: STAAR SURGICAL CO
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 28
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 Financial Accounting Standards Board Codification Topic 718 (“FASB ASC Topic 718”). The fair value of each Option Award was estimated using a Black-Scholes option valuation model, and the fair value of each Stock Award was based on the closing price of our common stock on the date of grant. Assumptions used in the calculation of these amounts are included in Note 11 to STAAR’s audited consolidated financial statements for the fiscal year ended December 27, 2024, included in STAAR’s Annual Report on Form 10-K. (2) Mr. Butcher and Mr. Jiang were elected to the Board, effective March 12, 2024. (3) Represents (i) an award of 649 shares of restricted stock and (ii) an award of an option to purchase 1,163 shares of common stock, each granted on March 12, 2024 and (iii) an award of 2,244 shares of restricted stock and (iv) an award of an option to purchase 4,010 shares of common stock, each granted on June 20, 2024. As of the end of fiscal year 2024, the aggregate number of restricted stock and option awards outstanding for Mr. Butcher were 2,444 and 5,173, respectively. (4) Represents (i) an award of 2,244 shares of restricted stock and (ii) an option to purchase 4,010 shares of common stock, each granted on June 20, 2024. As of the end of fiscal year 2024, the aggregate number of restricted stock, restricted stock units and option awards outstanding for Mr. Farrell were 2,444, 921 and 63,335, respectively. (5) Mr. Jiang elected to receive a portion of his cash retainer in the form of restricted stock units. In lieu of such a cash retainer, Mr. Jiang received a grant of 1,061 shares of restricted stock units on March 12, 2024 with a grant date fair value of $39,936. Mr. Jiang elected to defer delivery of all shares of restricted stock units awarded in fiscal year 2024. (6) Represents (i) an award of 1,299 shares of restricted stock granted on March 12, 2024 and (ii) an award of 2,244 shares of restricted stock and (iii) an award of an option to purchase 4,010 shares of common stock