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Stock-Based Compensation
9 Months Ended
Mar. 29, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation

15.  Stock-Based Compensation

On October 23, 2013, UNIFI’s shareholders approved the Unifi, Inc. 2013 Incentive Compensation Plan (the “2013 Plan”). The 2013 Plan replaced the 2008 Unifi, Inc. Long-Term Incentive Plan (the “2008 LTIP”). 

The 2013 Plan expired in accordance with its terms on October 24, 2018, and the Unifi, Inc. Amended and Restated 2013 Incentive Compensation Plan (the “Amended 2013 Plan”) became effective on that same day, upon approval by shareholders at UNIFI’s annual meeting of shareholders held on October 31, 2018.  The Amended 2013 Plan increased the number of shares available for future issuance pursuant to awards granted under the Amended 2013 Plan to 1,250 (subject to certain increases in the event outstanding awards issued under the Amended 2013 Plan terminate unexercised) and removed provisions no longer applicable due to the recent changes to Section 162(m) of the Internal Revenue Code of 1986, as amended. The material terms and provisions of the Amended 2013 Plan are otherwise similar to those of the 2013 Plan.  No additional awards can be granted under the 2013 Plan or the 2008 LTIP; however, awards outstanding remain subject to each plan’s respective provisions.

The following table provides information as of March 29, 2020 with respect to the number of securities remaining available for future issuance under the Amended 2013 Plan:

Authorized under the Amended 2013 Plan

 

 

1,250

 

Plus: Awards expired, forfeited or otherwise terminated unexercised

 

 

156

 

Less: Awards granted to employees

 

 

(425

)

Less: Awards granted to non-employee directors

 

 

(117

)

Available for issuance under the Amended 2013 Plan

 

 

864

 

 

Stock-based compensation units granted or issued was as follows:

 

 

For the Nine Months Ended

 

 

 

March 29, 2020

 

 

March 31, 2019

 

Stock options

 

 

83

 

 

 

223

 

Restricted stock units

 

 

77

 

 

 

74

 

Vested share units

 

 

24

 

 

 

47

 

Common stock

 

 

4

 

 

 

10