Stock-Based Compensation Plans

9 Months Ended

Mar. 24, 2022

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 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)		(69,130	)		46.05
Forfeited		(717	)		75.83

Outstanding at March 24, 2022		143,523		$	70.42

(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 24, 2022, there are 23,246 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 24, 2022		March 25, 2021		March 24, 2022		March 25, 2021
Stock-based compensation expense	$	878	$	710	$	2,649	$	2,330

As of March 24, 2022, there was $5,132 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.