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Share-Based Compensation | 9 Months Ended
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Sep. 26, 2025
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation |
Note 9 – Share‑Based Compensation
On March 26, 2025, the Human Capital Committee of our Board of Directors approved the Ichor Holdings, Ltd. 2025 Omnibus Incentive Plan (the "2025 Plan"). The 2025 Plan was approved by our stockholders on May 14, 2025 and allows for the issuance of 2,963,471 sh ares to be used for awards under the Plan, subject to the applicable adjustment and share recycling provisions set forth in the 2025 plan. The 2025 Plan replaces the Ichor Holdings, Ltd. 2016 Omnibus Incentive Plan (the "2016 Plan") in its entirety, except with respect to awards granted under the 2016 Plan prior to the effective date of the 2025 Plan. The 2025 Omnibus Incentive Plan provides for grants of share‑based awards to employees, directors, and consultants. Awards may be in the form of stock options (“options”), tandem and non‑tandem stock appreciation rights, restricted share awards or restricted share units (“RSUs”), performance awards, and other share‑based awards. Forfeited or expired awards are returned to the incentive plan pool for future grants. Awards generally vest over four years, 25% on the first anniversary of the date of grant and quarterly thereafter over the remaining three years. Upon vesting of RSUs, shares are withheld to cover statutory minimum withholding taxes. Shares withheld are not reflected as an issuance of ordinary shares within our consolidated statements of shareholders’ equity, as the shares are never issued, and the associated tax payments are reflected as financing activities within our consolidated statements of cash flows. Share‑based compensation expense across all plans for options, RSUs, and employee share purchase rights was $4.2 million and $4.7 million for the third quarter of 2025 and 2024, respectively, and $12.6 million and $11.0 million for the nine months ended September 26, 2025 and September 27, 2024, respectively. Stock Options The following table summarizes option activity:
| Number of Stock Options |  |  |  |  |  |
| Service condition |  | Weighted average exercise price per share |  | Weighted average remaining contractual term |  | Aggregate intrinsic value
Outstanding, December 27, 2024 | 365,085 |  | $ | 24.28 |  |  |  |  |
Granted | — |  | $ | — |  |  |  |  |
Exercised | (137,080) |  | $ | 24.83 |  |  |  |  |
Forfeited or expired | (11,648) |  | $ | 22.38 |  |  |  |  |
Outstanding, September 26, 2025 | 216,357 |  | $ | 24.03 |  |  | 0.9 years |  | $ | — |
Exercisable, September 26, 2025 | 216,357 |  | $ | 24.03 |  |  | 0.9 years |  | $ | — |
Restricted Share Units The following table summarizes RSU activity:
| Number of RSUs |  |
| Service condition |  | Performance condition |  | Market condition |  | Weighted average grant-date fair value per share
Unvested, December 27, 2024 | 1,031,455 |  | 178,610 |  | 201,841 |  | $ | 33.92 |
Granted | 554,033 |  | 57,044 |  | 57,048 |  | $ | 19.20 |
Vested | (353,246) |  | (23,150) |  | (44,191) |  | $ | 32.37 |
Forfeited | (71,950) |  | (11,974) |  | (8,497) |  | $ | 29.48 |
Unvested, September 26, 2025 | 1,160,292 |  | 200,530 |  | 206,201 |  | $ | 28.32 |
Employee Share Purchase Plan The 2017 Employee Stock Purchase Plan (the “2017 ESPP”) grants employees the ability to designate a portion of their base-pay to purchase ordinary shares at a price equal to 85% of the fair market value of our ordinary shares on the first or last day of each six-month purchase period. Purchase periods begin on January 1 or July 1 and end on June 30 or December 31 (or the next business day if such date is not a business day). Shares are purchased on the last day of the purchase period. As of September 26, 2025, approximately 2.0 million ordinary shares remain available for purchase under the 2017 ESPP.

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