Share-Based Compensation

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

We have certain share-based compensation plans. Under the fair value method, compensation cost is measured at the grant date based on the fair value of the award and is recognized over the service period which generally corresponds to the vesting period. Awards under our plans generally vest over periods ranging from one to three years, although awards to our non-employee directors vest immediately. The grant date fair value of awards granted to executive officers and non-employee directors in 2025, is calculated based on the stock price as of the grant date, discounted to account for the one year post-vesting holding period to which the awards are subject.

Table 13.1 shows the number of restricted stock units (RSUs) granted to employees and non-employee directors and the weighted average fair value per share during the periods presented.


Restricted stock unit grants
Table	13.1
			Three months ended March 31,
			2025			2024
			RSUs Granted (in thousands)	Weighted Average Fair Value per Share		RSUs Granted (in thousands)	Weighted Average Fair Value per Share
RSUs subject to performance conditions		(1)	337	$	24.28	634	$	19.81
RSUs subject only to service conditions			317	24.64		248	19.81
Non-employee director RSUs			59	24.12		76	19.81

(1)Shares granted are subject to performance conditions under which the target number of shares granted may vest from 0% to 200%.