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Insider Trading Arrangements
 3 Months Ended
Mar. 26, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On March 6, 2025, Kevin D. Hochman, the Company’s President and Chief Executive Officer, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. Under the terms of the plan Mr. Hochman may sell up to 110,000 shares. The plan will terminate on the earlier of February 17, 2026, or completion of all orders relating to trades specified in the plan.
Mr. Hochman entered into the trading plan for financial planning purposes, principally to diversify the high percentage of his family wealth concentrated in the Company’s stock. Prior to the first transaction under the plan, Mr. Hochman’s Company holdings plus unvested restricted stock units are expected to exceed 260,000 shares based on current performance and vesting schedules. Mr. Hochman will also have 327,190 unvested performance shares,
not including any new annual grant expected to be made in August 2025. At all times after the transactions under his trading plan, Mr. Hochman is expected to far exceed the Company’s stock ownership guideline of six times his annual salary.
The Rule 10b5-1 trading arrangement described above was adopted and pre-cleared in accordance with the Company’s policies and actual sale transactions made pursuant to such trading arrangements will be disclosed publicly in future Section 16 filings with the SEC.
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 6, 2025
Kevin D. Hochman [Member]  
Trading Arrangements, by Individual  
Title President and Chief Executive Officer
10b5-1 Arrangement [Member]  
Trading Arrangements, by Individual  
Name Kevin D. Hochman
10b5-1 Arrangement [Member] | Kevin D. Hochman [Member]  
Trading Arrangements, by Individual  
Aggregate Available 110,000