Stock-Based Compensation (Tables)

12 Months Ended

Dec. 27, 2025

Share-Based Payment Arrangement [Abstract]

A summary of the stock option activity under the 2014 Equity Inventive Plan for the year ended December 27, 2025 is presented below (share amounts in thousands):


	Number of Shares	Weighted Avg. Exercise Price per Share (in whole dollars)		Weighted Avg. Remaining Contractual Term
Outstanding at December 28, 2024	10,162	$	8.27	4.49 years
Granted	—
Exercised	(161)
Forfeited or expired	(243)
Outstanding at December 27, 2025	9,758	$	8.33	3.47 years
Exercisable at December 27, 2025	8,774	$	8.49	3.62 years

A summary of the stock option activity under the 2021 Equity Inventive Plan for the year ended December 27, 2025 is presented below (share amounts in thousands):


	Number of Shares	Weighted Avg. Exercise Price per Share (in whole dollars)		Weighted Avg. Remaining Contractual Term
Outstanding at December 28, 2024	1,859	$	9.51	7.75 years
Granted	—
Exercised	(13)
Forfeited or expired	(59)
Outstanding at December 27, 2025	1,787	$	9.50	6.47 years
Exercisable at December 27, 2025	885	$	9.54	6.28 years

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of the restricted stock unit activity under the 2021 Equity Incentive Plan for the year ended December 27, 2025 is presented below (share amounts in thousands):


	Number of Shares	Weighted Avg. Grant Date Fair Value (in whole dollars)
Outstanding at December 28, 2024	3,529	9.30
Granted	1,633	9.30
Vested	(1,016)
Forfeited or expired	(95)
Outstanding at December 27, 2025	4,051	9.17

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the key assumptions used in the valuation model for valuing the Company's stock compensation awards under the 2014 Equity Incentive Plan:



Dividend yield	0%
Risk free interest rate	0.40	%	-	1.81	%
Expected volatility	31.50%
Expected terms	6.25 years

The following table summarizes the key assumptions used in the valuation model for valuing the Company's stock compensation awards under the 2021 Equity Incentive Plan:



Dividend yield	0%
Risk free interest rate	1.71	%	-	4.15	%
Expected volatility	30.00	%	-	40.00	%
Expected terms	6.25 years

Share-Based Payment Arrangement, Performance Shares, Activity

A summary of the performance stock unit activity under the 2021 Equity Inventive Plan for the year ended December 27, 2025 is presented below (share amounts in thousands):


	Number of Shares	Weighted Avg. Grant Date Fair Value (in whole dollars)
Outstanding at December 28, 2024	—	—
Granted	288	9.55
Vested	—
Forfeited or expired	(21)
Outstanding at December 27, 2025	267	9.55

Hillman Solutions Corp. 10-K