Stock-Based Compensation Plans

6 Months Ended

Dec. 29, 2022

Note 9 – Stock-Based Compensation Plans

During the second quarter of fiscal 2023, there were 64,116 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 2023:


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value
Outstanding at June 30, 2022		142,239		$	70.42
Granted		64,116			74.09
Vested (a)		(29,349	)		89.36
Forfeited		(2,020	)		72.82

Outstanding at December 29, 2022		174,986		$	68.56

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

At December 29, 2022, there were 27,727 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 29, 2022		December 23, 2021		December 29, 2022		December 23, 2021

Stock-based compensation expense	$	1,515	$	1,068	$	2,287	$	1,771

As of December 29, 2022, there was $6,532 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 1.7 years.