v3.24.2
Stock-Based Compensation Plans (Tables)
 12 Months Ended
May 25, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
The following table summarizes the stock option activity for the year ended May 25, 2024 (in thousands, except weighted average exercise price):
Number of
Shares
Under
Option		Weighted
Average
Exercise
Price		Weighted Average
Remaining
Contractual Life
(in years)		Aggregate
Intrinsic
Value
Awards outstanding at May 27, 20232,648$16.444.37$1,298
Exercised(32)14.29
Forfeited(9)17.44
Expired(422)16.99
Awards outstanding at May 25, 20242,185$16.363.21$—
Exercisable at May 25, 20242,185$16.363.21$—
Vested and expected to vest as of May 25, 2024 (1)
2,185$16.363.20$—

(1)The expected to vest options are the result of applying the pre-vesting forfeiture rate assumptions to options not yet vested. As of May 25, 2024, all outstanding options have met the vesting requirement.
Summary of Unvested Restricted Stock Awards
The following table summarizes the activities for the unvested restricted stock awards for the year ended May 25, 2024 (in thousands, except weighted average grant-date fair value):
Shares
Weighted-Average Grant-Date Fair Value
Unvested at May 27, 2023209$17.19 
Granted113$13.79 
Vested(99)$16.33 
Forfeited-$- 
Unvested as of May 25, 2024223$15.84 
Expected to vest as of May 25, 2024202$15.89 
Summary of Unvested Restricted Stock Unit Activity The following table summarizes the activities for the unvested RSUs, including both equity- and liability-classified RSUs, for the year ended May 25, 2024 (in thousands, except weighted average grant-date fair value):
Equity-Classified RSUsLiability-Classified RSUsTotal RSUs
SharesWeighted-Average Grant-Date Fair ValueSharesWeighted-Average Grant-Date Fair ValueSharesWeighted-Average Grant-Date Fair Value
Unvested at May 27, 2023631$15.78 60$16.55 691$15.85 
Granted (1)
32913.50 2814.07 35713.54 
Vested(184)14.91 (40)15.97 (224)15.10 
Forfeited(161)15.55 -- (161)15.55 
Unvested as of May 25, 2024615$14.91 48$15.64 663$14.96 
Expected to vest as of May 25, 2024550$14.93 48$15.64 598$14.99 
(1)The dividend equivalents are included in the granted shares.
Summary of Unvested Performance Stock Units Activity
The following table summarizes the activities for the unvested PSUs for the year ended May 25, 2024 (in thousands, except weighted average grant-date fair value):
Shares (1)
Weighted-Average Grant-Date Fair Value
Unvested at May 27, 2023434$18.32 
Granted (2)
30113.63 
Forfeited(114)18.07 
Unvested as of May 25, 2024621$16.15 
Expected to vest as of May 25, 2024390$15.65 
(1)Shares are presented at the stated target, which represents the base number of shares that would vest. Actual shares that vest may be 0-150% of the target based on the achievement of the specific company-wide performance targets.
(2)The dividend equivalents are included in the granted shares.