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Item 5 - Other Information | 6 Months Ended
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Jul. 01, 2023
Notes to Financial Statements |
Issuer Rule 10b5-1, Material Terms [Text Block] | Item 5. Other Information. Rule 10b5-1 Trading Plans Our directors and executive officers may purchase or sell shares of our common stock in the market from time to time, including pursuant to equity trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act and in compliance with guidelines specified by our insider trading policy. In accordance with Rule 10b5-1 and our insider trading policy, directors, officers and certain employees who, at such time, are not in possession of material non-public information are permitted to enter into written plans that pre-establish amounts, prices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of our stock, including shares acquired pursuant to our equity incentive plans. Under a Rule 10b5-1 trading plan, a broker executes trades pursuant to parameters established by the director or executive officer when entering into the plan, without further direction from them. The use of these trading plans permits asset diversification as well as personal financial and tax planning. Our directors and executive officers also may buy or sell additional shares outside of a Rule 10b5-1 plan when they are not in possession of material nonpublic information, subject to compliance with SEC rules, the terms of our insider trading policy and certain minimum holding requirements. The following table shows the Rule 10b5-1 trading plans intended to satisfy the affirmative defense conditions of Rule 10b-1(c) adopted or terminated by our directors and executive officers during the second quarter of 2023.
|  |  | Plan |  | Plan |  | Expiration |  | Number of Shares
| Name and Position |  | Action |  | Adoption Date |  | Date |  | to be Sold under Plan
| Jeffrey D. Jones, Senior Vice President, Finance & CFO |  | Adoption |  | 5/23/2023 |  | 5/7/2025 |  | 40,000
| Steven J. Bilodeau, Director |  | Adoption |  | 5/23/2023 |  | 5/23/2024 |  | 9,000
| William E. Bendush, Director |  | Adoption |  | 5/23/2023 |  | 5/31/2024 |  | 5,091
Transactions by Section 16 directors and officers will be disclosed publicly through Form 144 and Form 4 filings with the SEC to the extent required by law. No non-Rule 10b5-1 trading arrangements (as defined by Item 408(a) of Regulation S-K) were entered into by any Section 16 director or officer during the second quarter of 2023.

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