Stock-Based Compensation Plans

9 Months Ended

Mar. 25, 2021

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 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)		(55,826	)		48.46
Forfeited		(2,356	)		70.58

Outstanding at March 25, 2021		163,663		$	58.25

(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 25, 2021, there are 47,127 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 25, 2021		March 26, 2020		March 25, 2021		March 26, 2020
Stock-based compensation expense	$	710	$	702	$	2,330	$	2,190

As of March 25, 2021, there was $4,602 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 1.6 years.