v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of the Weighted-Average Assumption Used in Estimating Fair Value of Stock Appreciation Rights
The following table summarizes the weighted-average assumptions used in estimating the fair value of the SARs granted during February 2025:
Grant DateExpected Dividend YieldExpected VolatilityRisk Free Interest RateExpected TermWeighted Avg. Grant Date Fair Value of 1 SAR
February 20251.2%24.2%4.4%4.8 years$100.15
Schedule of the Attributes of the Performance Shares Granted During the Period
The following table summarizes the related assumptions used to determine the fair values of the performance share awards with a market condition granted during February 2025:

Grant DateStock Price on Measurement DateDividend YieldExpected VolatilityRisk Free Interest RateExpected TermWeighted Avg. Grant Date Fair Value
February 2025$393.161.3%31.0%4.3%2.9 years$421.00
The Company expenses these awards on a straight-line basis over the requisite service period and based on an assessment of the performance achieved to date. The weighted average fair value per share was $380.99 for the awards granted during February 2025.
Grant DateFair ValuePerformance PeriodPayout Range
February 2025$380.99Jan 2025 - Dec 2027
0%-200%