Equity Compensation (Tables)

3 Months Ended

Apr. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Summary of Restricted Stock Activity

A summary of restricted stock activity for the three months ended April 30, 2023, is as follows:

	Unvested restricted stock units	Weighted average grant date fair value per share
	(in thousands)
Unvested restricted stock units at January 31, 2023	4,848	$	216.20
Granted	3,117	198.59
Vested	(1,365)	209.37
Canceled/Forfeited	(84)	222.30
Performance Adjustment (1)	(10)	190.82
Unvested restricted stock units at April 30, 2023	6,506	$	209.21

_______________(1)Based on Autodesk's financial results and relative total stockholder return for the fiscal 2023 performance period. The performance stock units were attained at rates ranging from 86% to 110% of the target award.

Schedule of Summary of the ESPP Activity

A summary of the ESPP activity for the three months ended April 30, 2023 and 2022, is as follows:

	Three Months Ended April 30,
	2023		2022
Issued shares (in thousands)	434		377
Average price of issued shares	$	163.59	$	173.83
Weighted average grant date fair value of shares granted under the ESPP (1)	$	71.34	$	69.19

 _______________

(1)Calculated as of the award grant date using the Black-Scholes Merton (“BSM”) option pricing model.

Schedule of Stock-based Compensation Expense

The following table summarizes stock-based compensation expense for the three months ended April 30, 2023 and 2022, as follows:

	Three Months Ended April 30,
	2023		2022
Cost of subscription and maintenance revenue	$	9	$	8
Cost of other revenue	3		3
Marketing and sales	62		62
Research and development	69		59
General and administrative	22		23
Stock-based compensation expense related to stock awards and ESPP purchases	165		155
Tax expense	1		6
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	166	$	161

Schedule of Assumptions to Estimate the Fair Value of Stock-based Awards

Autodesk uses the following assumptions to estimate the fair value of stock-based awards:

	Three Months Ended April 30, 2023		Three Months Ended April 30, 2022
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatility	40.9 - 42.5%	40.0 - 42.4%	39.4 - 40.7%	38.3 - 42.7%
Range of expected lives (in years)	N/A	0.5- 2.0	N/A	0.5 - 2.0
Expected dividends	—%	—%	—%	—%
Range of risk-free interest rates	4.3 - 4.7%	4.3 -5.0%	1.2 - 1.6%	0.9 - 1.9%