v3.26.1
Share-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Compensation  
Share-Based Compensation

Note 10 — Share-Based Compensation

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For a description of the Company’s share-based compensation plans, including equity plan structure and Restricted Stock Units (“RSUs”) program mechanics, refer to Note 17 to the Consolidated Financial Statements in the 2025 Form 10-K.

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Stock Options

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Activity in the Company’s stock option plans is summarized in the following table:

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Weighted

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Weighted

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Average

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Aggregate

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Average

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Remaining

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Intrinsic

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Shares

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Price

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(Yrs.)

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(000’s)

 

Outstanding at January 1, 2026

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28,815

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$

61.00

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Exercised

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(6,018)

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50.65

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Expired

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(278)

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44.21

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Outstanding at June 30, 2026

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22,519

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63.97

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0.99

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$

809

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Exercisable at June 30, 2026

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22,519

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63.97

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0.99

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$

809

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Restricted Stock Units (“RSUs”)

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Outstanding RSUs for the six months ended June 30, 2026, are summarized in the following table:

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Weighted-

 

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Average

 

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Grant-Date

 

Restricted Stock Units

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Shares

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Fair Value

 

Outstanding at January 1, 2026

 

820,878

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$

86.43

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Granted

 

437,648

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93.75

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Vested

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(388,095)

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80.35

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Forfeited

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(5,864)

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93.08

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Outstanding at June 30, 2026

 

864,567

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$

92.82

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If maximum performance is achieved pursuant to the 2024, 2025 and 2026 Long Term Incentive performance-based RSU grants, an additional 133,447 shares in total may be issued by the Company at the end of the three-year performance periods.

As of June 30, 2026, there was $48.8 million of total unrecognized compensation cost at target related to nonvested RSUs granted under the plan. This cost is expected to be recognized over a weighted-average period of 1.44 years as of June 30, 2026. The total fair value of RSUs vested and released during the six months ended June 30, 2026, was $39.6 million.