Jersey Mike's Subs Inc. — Form 10-Q
Filed October 28, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Jersey Mike's Subs Inc. adopted two equity compensation plans effective July 29, 2026: (1) an Amended and Restated 2026 Employee Stock Purchase Plan with an initial reserve of 3,500,000 shares, featuring 85% of fair market value purchase price, 6-month offering periods, and automatic annual increases of 1% of outstanding shares (capped by Board discretion); and (2) a Restricted Stock Unit program for non-employee directors under the 2026 Omnibus Incentive Plan, with RSU vesting schedules, settlement in common stock within 60 days post-vesting, and dividend equivalent accruals. Both plans include clawback provisions and restrictive covenants.
Why this rating
Administrative equity plan adoption is standard for public companies. While 3.5M ESPP shares are material relative to undisclosed share count, ESPP is routine employee compensation. RSU grants to directors are boilerplate governance. No transaction amounts, pricing, or headcount disclosed. Routine periodic disclosure.
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