Jersey Mike's Subs Inc. (JMKE) discloses the initial equity holdings of its Chief Financial Officer, Michele Allen. She has indirect interests in 18,675 Common Units of Jersey Mike's HoldCo, LLC and 272,135.8 Incentive Units, each ultimately referencing Class A Common Stock under an Exchange Agreement. The Incentive Units have a $25.70 per-unit participation threshold, are structured as profit interests similar to stock appreciation rights, and vest in five equal annual installments beginning December 2, 2026. She also holds directly 43 shares of Class A Common Stock and 18,675 shares of Class B Common Stock, with Class B carrying voting rights but no economic value and canceling upon exchange of the corresponding Common Units for Class A shares.
Jersey Mike's Subs Inc. (JMKE) reported the initial equity holdings of CEO and director Morrison Charles R. He holds 118 shares of Class A Common Stock directly and 50,300 shares of Class B Common Stock directly, each Class B share having one vote but no economic value.
Indirectly through Jersey Mike's Management Aggregator LLC, he is associated with Common Units of Jersey Mike's HoldCo, LLC exchangeable one-for-one into 50,300 shares of Class A Common Stock with exchange rights that do not expire. He also holds Incentive Units representing up to 1,469,533.7 underlying Class A shares at a participation threshold of $19.62 per unit; 20% of these Incentive Units are vested, and the remaining 80% vest in four equal annual installments beginning on April 28, 2027.
Jersey Mike's Subs Inc. (JMKE) reported an initial insider ownership filing for Chief People Officer Betsy Mercado. She is shown as indirectly holding 190,495.1000 Incentive Units of Jersey Mike's HoldCo, LLC, each tied to Class A Common Stock of Jersey Mike's Subs Inc. These Incentive Units function as profit interests with economic characteristics similar to stock appreciation rights, have an exercise price of $23.35 per underlying share, and are held through Jersey Mike's Management Aggregator LLC. Vested Incentive Units convert into Common Units of Jersey Mike's HoldCo, which are exchangeable on a one-for-one basis for shares of Class A Common Stock, and the Incentive Units vest in five equal annual installments beginning on September 29, 2026.
Jersey Mike's Subs Inc. (JMKE) reports initial beneficial ownership for director Cheryl Miller. She holds indirectly Common Units of Jersey Mike's HoldCo, LLC representing 31,764 underlying shares of Class A common stock and Incentive Units representing 10,194.5 underlying Class A shares, both through Jersey Mike's Management Aggregator LLC. She also holds directly 74 shares of Class A common stock and 31,764 shares of Class B common stock, which have voting rights but no economic value and are paired one-for-one with the Common Units.
Jersey Mike's Subs Inc. (JMKE) reported initial insider holdings for director Fran Horowitz. Horowitz holds indirectly Common Units of Jersey Mike's HoldCo, LLC representing 25,199 underlying shares of Class A common stock and Incentive Units representing 8,495.4 underlying shares, held through Jersey Mike's Management Aggregator LLC. These Common Units are exchangeable one-for-one into Class A common stock under an Exchange Agreement with no expiration. The Incentive Units are "profit interests" with a $23.35 per-unit participation threshold and vest in five equal annual installments beginning September 15, 2026. Horowitz also directly owns 59 shares of Class A common stock and 25,199 shares of Class B common stock, which have no economic value but one vote per share and are cancelled upon exchange of the corresponding Common Units.