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Stock-Based Compensation (Tables)
12 Months Ended
Feb. 02, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Units Activity
The following table summarizes our restricted stock unit activity during fiscal 2024:
SharesWeighted-Average
Grant Date Fair
Value
Weighted-Average
Contractual Term
Remaining (Years)
Intrinsic
Value 1
Balance at January 28, 20243,025,186$64.86 
Granted
449,283160.89 
Granted, with vesting subject to performance conditions
153,452156.52 
Released 2
(1,199,763)59.64 
Cancelled
(242,553)73.30 
Balance at February 2, 20252,185,605$92.97 1.15$461,971,000 
Vested plus expected to vest at February 2, 2025 3
2,255,053$94.31 1.14$476,651,000 
1Intrinsic value for outstanding and unvested restricted stock units is based on the market value of our common stock on the last business day of the fiscal year (or $211.37).
2Excludes 200,852 incremental shares released due to achievement of performance conditions above target.
3Includes incremental shares above target for certain performance-based awards based on probable achievement of performance conditions.
The following table summarizes additional information about restricted stock units:
For the Fiscal Year Ended
February 2, 2025January 28, 2024January 29, 2023
Weighted-average grant date fair value per share of awards granted$159.77 $60.91 $78.87 
Intrinsic value of awards released 1 2
$207,510,000 $118,417,000 $180,450,000 
1Intrinsic value for releases is based on the market value on the date of release.
2Includes 200,852, 417,340 and 448,056 incremental shares released due to achievement of performance conditions above target in fiscal 2024, fiscal 2023 and fiscal 2022, respectively.