Stock-Based Compensation

6 Months Ended

Dec. 29, 2024

Note D - Stock-Based Compensation

Stock Options:

For the three and six months ended December 29, 2024, the Company recognized stock-based compensation expense related to stock options of zero. For the three and six months ended December 24, 2023, the Company recognized stock-based compensation expense related to stock options of zero. As of December 29, 2024, there was no unamortized stock-based compensation expense related to stock options.

The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:

	Six Months Ended
	December 29, 2024		December 24, 2023
	Shares		Shares
Outstanding at beginning of year		114,286		151,750

Granted		—		—
Exercised		—		—
Forfeited/Canceled/Expired		—		(8,664	)

Outstanding at end of period		114,286		143,086

Exercisable at end of period		114,286		143,086

Restricted Stock Units:

For the three and six months ended December 29, 2024, the Company had stock-based compensation expense related to RSUs of $53 thousand and $126 thousand, respectively. For the three and six months ended December 24, 2023, the Company had stock-based compensation expense related to RSUs of $3 thousand and $82 thousand, respectively. As of December 29, 2024, there was $492 thousand unamortized stock-based compensation expense related to RSUs.

As of December 29, 2024 the RSUs will be amortized during the next 34 months. A summary of the status of restricted stock units as of December 29, 2024 and December 24, 2023, and changes during the six months then ended is presented below:

	Six Months Ended
	December 29, 2024			December 24, 2023
Unvested at beginning of year		269,063			885,688
Performance adjustment		34,351			(25,223	)
Granted		142,328			131,460
Issued		(198,414	)		(588,589	)
Forfeited		—			(101,461	)
Unvested at end of period		247,328			301,875