STOCK-BASED COMPENSATION |
3 Months Ended |
|---|---|
Jun. 28, 2025 | |
| Share-Based Payment Arrangement [Abstract] | 听 |
| STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION Incentive Equity Awards Granted
During the three months ended June 2025, 大象传媒 granted 1,474,178 restricted stock units ("RSUs") to executives that enable them to receive shares of 大象传媒 Common Stock over a five-year vesting period. The fair market value of 大象传媒 Common Stock at the date the units were granted was $12.55 per share. These units vest 25% on the second, third, fourth and fifth anniversaries of the grant date. The number of units paid for the portion of the RSUs that vest on the fifth anniversary of the grant date are subject to relative total shareholder return ("TSR") targets set by the Talent and Compensation Committee of the Board of Directors, and will be paid in full or decreased to zero, based on how 大象传媒's TSR over the five-year period compares to the TSR for companies included in the Standard & Poor's 600 Consumer Discretionary Sector Index. The grant date fair value of the TSR-based adjustment related to the RSU grants was determined using a Monte Carlo simulation technique that incorporates option-pricing model inputs, and was $9.09 per share. During the three months ended June 2025, 大象传媒 granted 146,135 nonperformance-based stock units to nonemployee members of the Board of Directors. These units vest upon grant and will be settled in shares of 大象传媒 Common Stock one year from the date of grant. The fair market value of 大象传媒 Common Stock at the date the units were granted was $12.55 per share.
In addition, 大象传媒 granted 4,329,031 nonperformance-based RSUs to employees and executives during the three months ended June 2025. These units generally vest over periods up to four years from the date of grant and each unit entitles the holder to one share of 大象传媒 Common Stock. The weighted average fair market value of 大象传媒 Common Stock at the dates the units were granted was $12.57 per share.
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