v3.25.2
Share Plans
6 Months Ended
Jun. 29, 2025
Share-Based Payment Arrangement [Abstract]  
Share Plans Share Plans
Total share-based compensation expense in the second quarter and first six months of 2025 and 2024 was as follows:
Second QuarterYear-to-date
In millions2025202420252024
Total share-based compensation charges$0.9 $0.8 $1.8 $1.4 
In March 2025, we issued our annual share-based compensation grants under the Luxfer Holdings PLC Long Term Umbrella Incentive Plan. The total number of awards issued was approximately 135,000 and the weighted average fair value of options granted in 2025 was estimated to be $12.13 per share.
In June 2025, we issued our annual share-based compensation grants under the Luxfer Holdings PLC Non Executive Directors' Equity Incentive Plan. The total number of awards issued was approximately 45,000 and the weighted average fair value of options granted was estimated to be $11.46 per share.
The following table illustrates the assumptions used in deriving the fair value of share options granted during 2025 and the year-ended December 31, 2024:
20252024
Dividend yield (%)
4.40 - 6.03
4.40 - 6.03
Expected volatility range (%)
36.40 - 45.79
36.40 - 45.79
Risk-free interest rate (%)
3.87 - 5.08
3.87 - 5.08
Expected life of share options range (years)
1.00 - 4.00
1.00 - 4.00
Forfeiture rate (%)5.00 5.00 
Weighted average exercise price ($)$0.75$1.00
Model usedBlack-Scholes & Monte-CarloBlack-Scholes & Monte-Carlo
The expected life of the share options is based on historical data and current expectations, and is not necessarily indicative of exercise patterns that may occur. The expected volatility reflects the assumption that the historical volatility over a period similar to the life of the options is indicative of future trends, which may not necessarily be the actual outcome.