v3.24.2
Stock-Based Compensation (Tables)
 9 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Activity
A summary of the stock-based awards granted is presented below:
 Nine Months Ended June 30,
 20242023
Number GrantedWeighted Average Grant Date Fair ValueNumber GrantedWeighted Average Grant Date Fair Value
Restricted stock/units1,874,606 $53.86 1,799,240 $66.28 
Performance shares370,307 54.13 339,191 79.54 
Stock options652,702 13.74 570,140 18.21 
Schedule of Share-Based Payment Award, Performance Share, Valuation Assumptions
The following table summarizes the assumptions used in determining the fair value of performance share units granted:
 Nine Months Ended
June 30,
20242023
Risk-free interest rate4.21%4.04%
Expected volatility of the Company’s stock27.2%33.5%
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes the assumptions used in determining the fair value of stock options granted:
 Nine Months Ended
June 30,
 20242023
Expected life of option (years)5.75.8
Risk-free interest rate3.86%3.59%
Expected volatility of the Company’s stock29.8%29.4%
Expected dividend yield on the Company’s stock2.77%2.10%