Stock-Based Compensation (Tables)

6 Months Ended

Nov. 30, 2024

Non-Qualified Stock Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Assumptions Used to Determine Fair Value of Stock Options

The weighted average fair value of stock options granted during the six months ended November 30, 2024 was based on the following assumptions:

Dividend yield	1.34	%
Expected volatility	36.90	%
Risk-free interest rate	3.97	%
Expected term (years)	6.0

Due to the impact of the Separation on the comparability to the historical prices of the common shares, we are unable to use the historical volatility of the common shares to determine the expected volatility. Accordingly, we use a comparable peer group to determine the expected volatility of the common shares. The risk-free interest rate is based on the U.S. Treasury strip rate for the expected term of the non-qualified stock options. The expected term was developed using historical exercise experience.