Compensation Plans (Tables)

12 Months Ended

Nov. 30, 2024

In addition, the Compensation Committee has granted RSUs and

performance stock units (“PSUs”) to each of our senior

executives as follows:


	Period Grant
$ in millions	December 2024	December 2023	December 2022	December 2021
RSUs
Aggregate grant date fair value .....................................	$18.0	$11.7	$13.1	$16.4
Vesting period ..........................	3-year cliff	3-year cliff	3-year cliff	3-year cliff
PSUs
Aggregate target fair value .....	$18.0	$8.8	$13.1	$16.4
Service period ...........................	3 years	3 years	3 years	3 years
Performance goals performance period ...........	Fiscal 2024 to Fiscal 2026	Fiscal 2023 to Fiscal 2025	Fiscal 2022 to Fiscal 2024	Fiscal 2021 to Fiscal 2023
Performance target (1) .....	10% ROTE	10% ROTE	10% ROTE	10% ROTE
Performance range (2) ......	7.5% - 15% ROTE	7.5% - 15% ROTE	7.5% - 15% ROTE	7.5% - 15% ROTE

(1)ROTE is defined as return on tangible equity measured over three years.

(2)Performance below an ROTE of 7.5% results in forfeiture of all PSUs. An ROTE of 15% or

greater results in earning 150% of target PSUs and between 7.5% to 15%, the level of

earning PSUs is linearly interpolated.

The following reflects activity in restricted stock, inclusive across

all plans:


In thousands, except per share amounts	Restricted Stock	Weighted- Average Grant Date Fair Value
Balance at November 30, 2021 .................................	1,584	$23.78
Grants ............................................................................	1,457	29.91
Forfeited ........................................................................	—	—
Fulfillment of vesting requirement ............................	(902)	24.03
Balance at November 30, 2022 .................................	2,139	27.85
Grants ............................................................................	444	33.16
Forfeited ........................................................................	—	—
Fulfillment of vesting requirement ............................	(481)	24.09
Balance at November 30, 2023 .................................	2,102	29.83
Grants ............................................................................	467	37.09
Forfeited ........................................................................	—	—
Fulfillment of vesting requirement ............................	(271)	25.65
Balance at November 30, 2024 .................................	2,298	$31.80

The following reflects activity in total RSUs, inclusive across all

plans:


			Weighted-Average Grant Date Fair Value
In thousands, except per share amounts	Future Service Required	No Future Service Required	Future Service Required	No Future Service Required
Balance at November 30, 2021 ...............	48	17,193	$24.07	$20.64
Grants ..........................................................	2,299	472	33.75	28.79
Distributions of underlying shares ...........	—	(6,453)	—	14.65
Forfeited ......................................................	—	—	—	—
Fulfillment of vesting requirement (1) ....	(39)	1,443	24.67	25.38
Balance at November 30, 2022 ...............	2,308	12,655	33.70	24.55
Grants ..........................................................	553	732	34.47	29.35
Distributions of underlying shares ...........	—	(5,485)	—	23.35
Forfeited ......................................................	—	—	—	—
Fulfillment of vesting requirement (1) ....	(9)	2,685	21.82	26.50
Balance at November 30, 2023 ...............	2,852	10,587	33.89	26.00
Grants ..........................................................	972	448	38.33	40.06
Distributions of underlying shares ...........	—	(1,849)	—	26.74
Forfeited ......................................................	—	—	—	—
Fulfillment of vesting requirement (1) ....	(32)	32	35.21	35.21
Balance at November 30, 2024 ...............	3,792	9,218	$35.02	$26.57

(1)Fulfillment of vesting requirement during the years ended November 30, 2024,

2023 and 2022, includes RSUs of 0, 2,438,000, and 1,433,000, respectively,

related to senior executive compensation.

The following reflects activity solely related to the portions of

RSUs related to senior executive compensation that contain

performance conditions:


In thousands, except per share amounts	Target Number of Shares	Weighted- Average Grant Date Fair Value
Balance at November 30, 2021 .................................	2,867	$25.43
Grants ............................................................................	537	35.44
Forfeited ........................................................................	—	—
Fulfillment of vesting requirement ............................	(1,433)	25.43
Balance at November 30, 2022 .................................	1,971	28.16
Grants ............................................................................	1,379	30.15
Forfeited ........................................................................	—	—
Fulfillment of vesting requirement ............................	(2,438)	26.49
Balance at November 30, 2023 .................................	912	35.64
Grants ............................................................................	459	44.93
Forfeited ........................................................................	—	—
Fulfillment of vesting requirement ............................	—	—
Balance at November 30, 2024 .................................	1,371	$38.75


	Year Ended November 30,
$ in millions	2024	2023	2022
Components of compensation cost:
Restricted cash awards .....................................	$450.6	$324.6	$196.6
Restricted stock and RSUs (1) ..........................	63.1	45.4	43.9
Profit sharing plan ..............................................	12.7	11.6	10.5
Total compensation cost ..................................	$526.4	$381.6	$251.0

(1)Total compensation cost associated with restricted stock and RSUs include

the amortization of sign-on, retention and senior executive awards, less

forfeitures and clawbacks. Additionally, we recognize compensation costs

related to the discount provided to employees in electing to defer

compensation under the DCP. These compensation costs were approximately

$0.7 million, $0.5 million and $0.5 million for the years ended November 30,

2024, 2023 and 2022, respectively.

Absent

actual forfeitures or cancellations or accelerations, the annual

compensation cost for these awards will be recognized as

follows:

Remaining unamortized amounts related to certain

compensation plans at November 30, 2024:


$ in millions	Remaining Unamortized Amounts	Weighted Average Vesting Period (in Years)
Non-vested share-based awards ...............................	$109.8	3.0
Restricted cash awards ...............................................	956.4	3.0
Total ...............................................................................	$1,066.2