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Stock-Based Employee Benefit Plans
 3 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Employee Benefit Plans Share-Based Employee Benefit Plans
We maintain the 2021 Long-Term Incentive Plan (the “2021 Plan”) under which we grant equity awards, including stock options, stock appreciation rights, restricted stock awards, stock unit awards and other share-based awards. All employees, consultants and advisors of FICO or any subsidiary, as well as all non-employee directors, are eligible to receive awards under the 2021 Plan. Stock option awards have a maximum term of ten years. In general, stock option awards and restricted stock unit awards not subject to market or performance conditions vest annually over four years. Restricted stock unit awards subject to market or performance conditions generally vest annually over three years based on the achievement of specified criteria.
We maintain the 2019 Employee Stock Purchase Plan (the “2019 Purchase Plan”) under which we are authorized to issue up to 1,000,000 shares of our common stock to eligible employees. Employees have up to 15% of their eligible pay withheld through payroll deductions to purchase FICO common stock during semi-annual offering periods. The purchase price of the stock is 85% of the closing sales price of FICO common stock on the last trading day of each offering period. Offering period means the approximately six-month long periods commencing (a) on the first trading day on or after September 1 and terminating on the last trading day in the following February, and (b) on the first trading day on or after March 1 and terminating on the last trading day in the following August.
Stock Options
The following table summarizes option activity during the quarter ended December 31, 2021:
SharesWeighted-average Exercise PriceWeighted-average Remaining Contractual TermAggregate Intrinsic Value
(In thousands)(In years)(In thousands)
Outstanding at September 30, 2021
226 $205.90 
       Granted9 407.49 
       Exercised(7)72.06 
Outstanding at December 31, 2021
228 $218.30 3.44$50,094 
Exercisable at December 31, 2021
179 $183.75 2.94$45,033 
Vested or expected to vest at December 31, 2021
226 $216.50 3.42$50,006 
Restricted Stock Units
The following table summarizes restricted stock unit activity during the quarter ended December 31, 2021:
SharesWeighted-average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 2021
517 $335.16 
       Granted184 407.25 
       Released(210)268.95 
       Forfeited(24)358.29 
Outstanding at December 31, 2021
467 $392.23 
Performance Share Units
The following table summarizes performance share unit activity during the quarter ended December 31, 2021:
SharesWeighted-average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 2021
126 $403.61 
       Granted43 407.49 
       Released(64)344.62 
Outstanding at December 31, 2021
105 $440.93 
Market Share Units
The following table summarizes market share unit activity during the quarter ended December 31, 2021:
SharesWeighted-average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 2021
63 $541.42 
       Granted50 493.66 
       Released(19)206.71 
Outstanding at December 31, 2021
94 $584.19 
Employee Stock Purchase Plan
As the 2019 Purchase Plan has semi-annual offering periods with shares purchased on the last trading day in the months of February and August, no shares were purchased during the quarter ended December 31, 2021