Equity Compensation (Tables)

9 Months Ended

Oct. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Summary of Restricted Stock Activity

A summary of restricted stock activity for the nine months ended October 31, 2022, is as follows:


	Unvested restricted stock units	Weighted average grant date fair value per share
	(in thousands)
Unvested restricted stock units at January 31, 2022	4,033	$	251.17
Granted	3,431	198.18
Vested	(1,933)	237.73
Canceled/Forfeited	(472)	233.32
Performance Adjustment (1)	(2)	299.07
Unvested restricted stock units at October 31, 2022	5,057	$	222.02

_______________(1)Based on Autodesk's financial results and relative total stockholder return for the fiscal 2022 performance period. The performance stock units were attained at rates ranging from 87% to 113% of the target award.

Schedule of Summary of the ESPP Activity

A summary of the ESPP activity for the nine months ended October 31, 2022 and 2021, is as follows:


	Three Months Ended October 31,				Nine Months Ended October 31,
	2022		2021		2022		2021
Issued shares (in thousands)	363		361		740		851
Average price of issued shares	$	158.78	$	133.00	$	166.44	$	130.13
Weighted average grant date fair value of shares granted under the ESPP (1)	$	66.43	$	83.75	$	67.77	$	84.21

_______________

(1)Calculated as of the award grant date using the Black-Scholes Merton (“BSM”) option pricing model.

Schedule of Stock-based Compensation Expense

The following table summarizes stock-based compensation expense for the three and nine months ended October 31, 2022 and 2021, as follows:


	Three Months Ended October 31,				Nine Months Ended October 31,
	2022		2021		2022		2021
Cost of subscription and maintenance revenue	$	9	$	5	$	26	$	18
Cost of other revenue	3		3		9		7
Marketing and sales	68		60		199		173
Research and development	71		56		199		163
General and administrative	21		20		63		52
Stock-based compensation expense related to stock awards and ESPP purchases	172		144		496		413
Tax (benefit) expense	(2)		(26)		7		(46)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	170	$	118	$	503	$	367

Schedule of Assumptions to Estimate the Fair Value of Stock-based Awards

Autodesk uses the following assumptions to estimate the fair value of stock-based awards:


	Three Months Ended October 31, 2022		Three Months Ended October 31, 2021
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatilities	N/A	40.7 - 44.9%	N/A	29.5 - 36.6%
Range of expected lives (in years)	N/A	0.5- 2.0	N/A	0.5 - 2.0
Expected dividends	N/A	—%	N/A	—%
Range of risk-free interest rates	N/A	3.7 -3.9%	N/A	0.1 - 0.2%

	Nine Months Ended October 31, 2022		Nine Months Ended October 31, 2021
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatilities	39.4 - 40.7%	38.3 - 44.9%	36.9%	29.5 - 41.8%
Range of expected lives (in years)	N/A	0.5 - 2.0	N/A	0.5 - 2.0
Expected dividends	—%	—%	—%	—%
Range of risk-free interest rates	1.2 - 1.6%	0.9 - 3.9%	0.1%	0.1 - 0.2%