Stock-Based Compensation Plans

6 Months Ended

Dec. 24, 2020

Note 8 – Stock-Based Compensation Plans

During the second quarter of fiscal 2021, there were 54,966 restricted stock units (“RSUs”) awarded to employees and

non-employee

members of the Board of Directors. The vesting period is generally three years for awards to employees and one year for awards to

non-employee

directors.

There were no stock option grants or other option activity during the first half of fiscal 2021.

The following is a summary of RSU activity for the first half of fiscal 2021:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 25, 2020		166,879		$	51.62
Activity:
Granted		54,966			68.97
Vested (a)		(50,602	)		47.76
Forfeited		(1,064	)		68.66

Outstanding at December 24, 2020		170,179		$	58.27

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

At December 24, 2020, there were 52,351 RSUs outstanding that were 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 Twenty-six Weeks Ended
	December 24, 2020		December 26, 2019		December 24, 2020		December 26, 2019
Stock-based compensation expense	$	998	$	855	$	1,620	$	1,488

As of December 24, 2020, there was $5,406 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 1.8 years.