Share-based compensation arrangement by share-based payment award, options, exercisable, amount

[Table of Contents](#i3d0ebbc4e2a2420f98ed7e6fe698936a_7) HASBRO, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements — (Continued)  
Restricted Stock UnitsThe Company, as part of its annual equity grant to executive officers and certain other employees, issues restricted stock or grants restricted stock units. These shares or units are nontransferable and subject to forfeiture for periods prescribed by the Company. These awards are valued at the market value of the underlying common stock at the date of grant and are subsequently amortized over the periods during which the restrictions lapse, generally three years. During 2021, 2020 and 2019, the Company recognized compensation expense, net of forfeitures, on these awards of $50.9 million, $28.5 million and $18.7 million, respectively. The expense recognized in 2021 included $6.0 million of additional stock expense associated with the contractual acceleration of outstanding restricted stock awards upon the passing of the Company's former CEO. At December 26, 2021, the amount of total unrecognized compensation cost related to restricted stock units is $71.6 million and the weighted average period over which this will be expensed is 20 months.Information with respect to the remaining Restricted Stock Awards and Restricted Stock Units for 2021, 2020 and 2019 is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions, except per share data) | 2021 |  | 2020 |  | 2019 |
| Outstanding at beginning of year | 1.0  |  |  | 0.5  |  |  | 0.4  |  |
| Granted | 0.7  |  |  | 0.8  |  |  | 0.3  |  |
| Forfeited | (0.1) |  |  | (0.1) |  |  | —  |  |
| Vested | (0.5) |  |  | (0.2) |  |  | (0.2) |  |
| Outstanding at end of year | 1.1  |  |  | 1.0  |  |  | 0.5  |  |
| Weighted average grant-date fair value: |  |  |  |  |  |
| Granted | $ | 91.06  |  |  | 91.80  |  |  | 87.98  |  |
| Forfeited | $ | 85.88  |  |  | 94.01  |  |  | 92.56  |  |
| Vested | $ | 91.42  |  |  | 94.21  |  |  | 90.23  |  |
| Outstanding at end of year | $ | 91.78  |  |  | 91.56  |  |  | 92.54  |  |

Stock OptionsInformation with respect to stock options for each of the three fiscal years ended December 26, 2021 is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions, except per share data) | 2021 |  | 2020 |  | 2019 |
| Outstanding at beginning of year | 2.8  |  |  | 2.4  |  |  | 2.3  |  |
| Granted | 0.6  |  |  | 0.8  |  |  | 0.7  |  |
| Exercised | (0.5) |  |  | (0.3) |  |  | (0.5) |  |
| Expired or forfeited | —  |  |  | (0.1) |  |  | (0.1) |  |
| Outstanding at end of year | 2.9  |  |  | 2.8  |  |  | 2.4  |  |
| Exercisable at end of year | 2.1  |  |  | 1.5  |  |  | 1.3  |  |
| Weighted average exercise price: |  |  |  |  |  |
| Granted | $ | 90.31  |  |  | 96.79  |  |  | 86.66  |  |
| Exercised | $ | 65.12  |  |  | 55.82  |  |  | 58.18  |  |
| Expired or forfeited | $ | 95.59  |  |  | 94.32  |  |  | 95.71  |  |
| Outstanding at end of year | $ | 92.15  |  |  | 88.16  |  |  | 81.58  |  |
| Exercisable at end of year | $ | 92.05  |  |  | 82.80  |  |  | 73.03  |  |

With respect to the 2.9 million outstanding options and 2.1 million options exercisable at December 26, 2021, the weighted average remaining contractual life of these options was 4.29 years and 3.83 years, respectively. The aggregate intrinsic value of the options outstanding and exercisable at December 26, 2021 was $17.4 million and $12.9 million, respectively. Substantially all unvested outstanding options are expected to vest.112
