Quarterly report [Sections 13 or 15(d)]

Share-based Compensation

v3.25.3
Share-based Compensation
3 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Share-based Compensation

Note 9. Share-based Compensation:

During the quarters ended September 30, 2025 and 2024, the Company granted 0.9 million and 0.8 million stock options at weighted average grant prices of $53.60 and $74.85 and weighted average fair values of $18.86 and $25.32, respectively. During the quarters ended September 30, 2025 and 2024, the Company granted 0.6 million and 0.5 million restricted stock units at a weighted average fair value of $53.60 and $74.92, respectively. During the quarters ended September 30, 2025 and 2024, the Company did not grant restricted common stock shares.

Stock options for 1.4 million and 0.6 million shares of common stock with total intrinsic values of $18.8 million and $23.5 million were exercised during the quarters ended September 30, 2025 and 2024, respectively.

Stock-based compensation expense, inclusive of payroll taxes, of $11.7 million and $10.3 million was included in Selling, general and administrative expenses for the quarters ended September 30, 2025 and 2024, respectively. Additionally, the Company recognized $0.4 million and $0.3 million of stock-based compensation costs, inclusive of payroll taxes, in Cost of sales for the quarters ended September 30, 2025 and 2024, respectively. As of September 30, 2025, there was $64.9 million of unrecognized compensation cost related to non-vested stock options, non-vested restricted stock units and non-vested restricted stock. The weighted average period over which the compensation cost is expected to be recognized is 2.1 years.