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Stock-Based Compensation Plans

9 Months Ended

Mar. 26, 2020

Note 8 – Stock-Based Compensation Plans

The following is a summary of restricted stock unit (“RSU”) activity for the first thirty-nine weeks of fiscal 2020:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 27, 2019		188,992		$	46.79
Activity:
Granted		38,572			91.47
Vested (a)		(38,333	)		60.55
Forfeited		(9,347	)		63.52

Outstanding at March 26, 2020		179,884		$	52.57

(a)	The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy the statutory income tax withholding requirements.

At March 26, 2020, there are 57,871 RSUs outstanding that are vested but deferred.

The following table summarizes compensation expense charged to earnings for all equity compensation plans for the periods presented:


	For the Quarter Ended				For the Thirty-Nine Weeks Ended
	March 26, 2020		March 28, 2019		March 26, 2020		March 28, 2019
Stock-based compensation expense	$	702	$	521	$	2,190	$	2,037

As of March 26, 2020, there was $4,433

of total unrecognized compensation expense related to

non-vested

RSUs granted under our stock-based compensation plans. We expect to recognize that cost over a weighted average period of 1.5 years.

Stock option activity was insignificant during the first thirty-nine weeks of fiscal 2020.