v3.26.1
Equity-Based Compensation (Tables)
12 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards
A summary of restricted stock activity for the year ended March 31, 2026 is presented below:
Total
Unvested
Weighted-
Average
Grant-Date
Fair Value of
Award
March 31, 2025506,550 $114.15 
Granted19,958 $141.73 
Vested(177,986)$102.50 
Forfeited(29,473)$124.64 
March 31, 2026319,049 $121.35 
Schedule of Grant Date Fair Value Based on the Monte Carlo Simulation Valuation Model
Below is a summary of the grant date fair value based on the Monte Carlo simulation valuation model and the significant assumptions used to estimate the grant date fair value of the Performance Awards granted September 16, 2025:
Grant Date Fair Value$75.27
Closing share price as of grant date147.58
Risk Free Rate3.6%
Volatility(1)
35.0%
Dividend Yield1.5%
(1) The Company estimates expected volatility based on the historic volatility of its own Class A common stock as well as a portfolio of selected stocks of companies believed to have market and economic characteristics similar to its own.
Schedule of Performance Awards
A summary of Performance Award activity for the year ended March 31, 2026 is presented below:
Total
Unvested
Weighted-
Average
Grant-Date
Fair Value of
Award
March 31, 20251,616,282 $101.01 
Granted 105,745 $75.27 
Forfeited(56,045)$35.08 
March 31, 20261,665,982 $101.59