v3.25.2
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation of PSU Activity The Company granted the following PSUs:
SharesWeighted Average Grant Date Fair Value per Unit
PSUs(1)(2)
112,856 $9.22 
(1)Performance measures for the PSU awards are split 50/50 between the Company's three-year cumulative Adjusted EBITDA (as defined in Note 12 to the consolidated financial statements with the exception of the corporate/other expenses adjustment) and the Company's three-year average pre-tax return on capital for its coke and logistics businesses and unallocated corporate expenses.
(2)The number of PSUs ultimately awarded will be determined by the above performance measures versus targets and the Company's three-year total shareholder return (“TSR”) as compared to the TSR of the companies making up the Nasdaq Iron & Steel Index (“TSR Modifier”). The TSR Modifier can impact the payout between 80 percent and 120 percent of the Company's final performance measure results.
Schedule of Compensation Expense, Unrecognized Compensation Costs, and Unrecognized Compensation Cost is Expected to be Recognized
Below is a summary of the compensation expense, unrecognized compensation costs, and the period for which the unrecognized compensation cost is expected to be recognized over:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024June 30, 2025
Compensation Expense(1)
Unrecognized Compensation CostWeighted Average Remaining Recognition Period
(Dollars in millions)(Dollars in millions)(Years)
Equity Awards:
RSUs$1.1 $1.4 $1.3 $1.8 $2.5 2.1
PSUs0.2 0.1 0.4 1.1 1.3 2.2
Total equity awards$1.3 $1.5 $1.7 $2.9 
Liability Awards:
Cash RSUs$0.3 $0.3 $0.3 $0.8 $1.6 1.6
Cash incentive award0.3 0.4 0.8 1.3 2.5 2.0
Total liability awards$0.6 $0.7 $1.1 $2.1 
(1)Compensation expense recognized by the Company is included in selling, general and administrative expenses on the Consolidated Statements of Income.