XML 79 R63.htm IDEA: XBRL DOCUMENT v3.25.1
Share-based compensation (Tables)
12 Months Ended
Feb. 01, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-Based Compensation Expense and Associated Tax Benefits
Share-based compensation expense and the associated tax benefits recognized in the consolidated statements of operations are as follows for Fiscal 2025, Fiscal 2024 and Fiscal 2023:
(in millions)Fiscal 2025Fiscal 2024Fiscal 2023
Share-based compensation expense
$22.2 $41.1 $42.0 
Income tax benefit
$(2.2)$(5.4)$(5.2)
Schedule of Unrecognized Compensation Cost Related to Outstanding Awards
As of February 1, 2025, unrecognized compensation cost related to unvested awards granted under share-based compensation plans is as follows:
(in millions)Unrecognized compensation costWeighted average period
Omnibus Plan
$21.1 1.8 years
Omnibus Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Significant Assumptions Utilized to Estimate Weighted-Average Fair Value of Awards Granted The significant assumptions utilized to estimate the weighted-average fair value of RSUs and PSUs granted under the 2018 Omnibus Plan are as follows:
Fiscal 2025Fiscal 2024Fiscal 2023
Share price
$97.49 $62.71 $77.39 
Expected term
2.7 years2.9 years2.9 years
Dividend yield
1.2 %0.9 %3.0 %
Fair value
$94.83 $61.06 $71.19 
Schedule of Activity for Awards Granted Under the Plan
The Fiscal 2025 activity for RSUs and PSUs granted under the Omnibus Plans is as follows:
(in millions, except per share amounts)
Number of
shares
Weighted
average
grant date
fair value
Weighted
average
remaining
contractual
life
Intrinsic
value
(1)
Outstanding at February 3, 20241.8 $65.62 1.6 years$169.3 
Fiscal 2025 activity:
Granted
0.8 94.83 
Vested(0.4)63.67 
Lapsed or forfeited
(0.5)72.30 
Outstanding at February 1, 20251.7 $77.77 1.4 years$100.2 
(1)    Intrinsic value for outstanding RSUs and PSUs is based on the fair market value of Signet’s common stock on the last business day of the fiscal year. There were no RSAs outstanding as of February 1, 2025.
The Fiscal 2025 activity for stock options previously granted under the Omnibus Plans is as follows:
(in millions, except per share amounts)
No. of
shares
Weighted
average
exercise
price
Weighted
average
remaining
contractual
life
Intrinsic
value
(1)
Outstanding at February 3, 20240.1 $38.31 4.3 years$6.4 
Fiscal 2025 activity:
Exercised
— — 
Outstanding at February 1, 20250.1 $37.66 3.4 years$1.3 
(1)    Intrinsic value for outstanding awards is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.
Schedule of Additional Information about Awards Granted
The following table summarizes additional information about awards granted under the Omnibus Plans:
(in millions)Fiscal 2025Fiscal 2024Fiscal 2023
Total intrinsic value of awards vested
$29.0 $121.8 $205.1