v3.25.2
Share Plans
9 Months Ended
Jun. 27, 2025
Share Plans  
Share Plans

15. Share Plans

Share-based compensation expense, which was included in selling, general, and administrative expenses on the Condensed Consolidated Statements of Operations, was as follows:

For the

For the

Quarters Ended

Nine Months Ended

June 27,

June 28,

June 27,

June 28,

    

2025

    

2024

    

2025

    

2024

    

(in millions)

Share-based compensation expense

 

$

36

 

$

31

$

105

 

$

100

As of June 27, 2025, there was $172 million of unrecognized compensation expense related to share-based awards, which is expected to be recognized over a weighted-average period of 1.7 years.

During the quarter ended December 27, 2024, we granted the following share-based awards as part of our annual incentive plan grant:

Grant-Date

    

Shares

    

Fair Value

    

(in millions)

Share options

0.7

$

46.45

Restricted share awards

0.4

 

153.25

Performance share awards

0.1

153.25

As of June 27, 2025, we had 18 million shares available for issuance under the TE Connectivity plc 2024 Stock and Incentive Plan, amended and restated as of September 30, 2024.

Share-Based Compensation Assumptions

The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant were as follows:

Expected share price volatility

    

 

31

%

    

Risk-free interest rate

 

4.5

%

Expected annual dividend per share

$

2.60

Expected life of options (in years)

 

5.3