Stock-Based Compensation Plans

6 Months Ended

Dec. 23, 2021

Note 8 – Stock-Based Compensation Plans

During the second quarter of fiscal 2022, there were 53,524 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.

The following is a summary of RSU activity for the first half of fiscal 2022:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value

Outstanding at June 24, 2021		159,846		$	58.05
Activity:
Granted		53,524			75.94
Vested (a)		(67,598	)		45.91
Forfeited		—			—

Outstanding at December 23, 2021		145,772		$	70.25

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

At December 23, 2021, there were 23,356 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 23, 2021		December 24, 2020		December 23, 2021		December 24, 2020

Stock-based compensation expense	$	1,068	$	998	$	1,771	$	1,620

As of December 23, 2021, there was $6,064 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 1.9 years.