Form 4: FAT Brands COO Amends Stock Options to Reduce Exercise Price

Thayer Donald Wiederhorn, COO of FAT Brands, Inc., amended several stock option grants to reduce the exercise price by $2.599553 per share on March 18, 2025.

Summary

• On March 18, 2025, Thayer Donald Wiederhorn, the Chief Operating Officer of FAT Brands, Inc., amended several stock option grants.
• The amendments involved reducing the exercise price of outstanding options by $2.599553 per share.
• This resulted in the deemed cancellation of the 'old' options and the grant of replacement options.
• The affected options were originally granted on December 10, 2018, October 20, 2017, and November 16, 2021.
• The options vest in three equal annual installments beginning on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine stock option amendment. It doesn't inherently convey positive or negative sentiment.

Industry Context

Stock option grants and amendments are a common practice in executive compensation, often used to incentivize performance and align management interests with those of shareholders. The specific details of these grants, such as vesting schedules and exercise prices, can vary widely based on company performance, industry standards, and individual negotiations.

Comparison to Industry Standards

• It's common for companies to use stock options as part of their compensation packages for executives.
• The vesting schedules (three equal annual installments) are fairly standard.
• Comparing the specific exercise prices and grant sizes to similar companies in the restaurant industry (e.g., McDonald's, Restaurant Brands International) would provide a better benchmark, but that data isn't available in this document.

Stakeholder Impact

• The amendment of stock options could potentially impact shareholder value depending on the future performance of the company and the exercise of these options.
• The amendment incentivizes the COO to improve company performance.

Key Dates

Keywords

stock options, FAT Brands, Wiederhorn, amendment, exercise price, COO, options