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Stock-Based Compensation
3 Months Ended
Sep. 27, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation

14.  Stock-Based Compensation

On October 24, 2018, the Unifi, Inc. Amended and Restated 2013 Incentive Compensation Plan (the “2018 Plan”) became effective, upon approval by shareholders at UNIFI’s annual meeting of shareholders held on October 31, 2018.  The 2018 Plan set the number of shares available for future issuance pursuant to awards granted under the 2018 Plan to 1,250 and updated certain provisions for changes to Section 162(m) of the Internal Revenue Code of 1986, as amended.

The following table provides information as of September 27, 2020 with respect to the number of securities remaining available for future issuance under the 2018 Plan:

Authorized under the 2018 Plan

 

 

1,250

 

Plus: Awards expired, forfeited or otherwise terminated unexercised

 

 

171

 

Less: Awards granted to employees

 

 

(1,069

)

Less: Awards granted to non-employee directors

 

 

(117

)

Available for issuance under the 2018 Plan

 

 

235

 

 

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

 

 

For the Three Months Ended

 

 

 

September 27, 2020

 

 

September 29, 2019

 

Stock options

 

 

 

 

 

15

 

Restricted stock units

 

 

 

 

 

28

 

Vested share units

 

 

 

 

 

 

Common stock

 

 

 

 

 

 

On October 29, 2020, UNIFI’s shareholders approved the Unifi, Inc. Second Amended and Restated 2013 Incentive Compensation Plan (the “2020 Plan”). The 2020 Plan set the number of shares available for future issuance pursuant to awards granted under the 2020 Plan to 850.  No additional awards can be granted under the 2018 Plan or other prior plans; however, awards outstanding under a respective prior plan remain subject to that plan’s provisions.