v3.26.1
Stock Incentive Plans (Tables)
3 Months Ended
May 02, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Award Activity
The following table summarizes the Company’s stock award activity during the thirteen weeks ended May 2, 2026 (shares in thousands):
Stock OptionsRestricted StockRestricted Stock UnitsPerformance Stock Units
SharesWeighted-
Average
Exercise
Price
SharesWeighted-
Average
Grant
Date Fair
Value
SharesWeighted-
Average
Grant
Date Fair
Value
Shares(a)
Weighted-
Average
Grant
Date Fair
Value
Outstanding, January 31, 2026522 $20.52 93 $78.15 480 $95.76 507 $84.56 
Granted (b)
— — — — 294 94.61 242 94.61 
Forfeited/canceled (c)
— — (1)76.07 (11)95.41 (12)76.07 
Exercised/vested(5)25.07 (81)76.07 (174)91.29 (211)64.58 
Outstanding, May 2, 2026517 $20.47 11 $92.95 589 $96.51 526 $93.78 
(a) Shares outstanding reflect a 100% payout. However, the actual payout for the remaining performance stock unit awards granted in fiscal year 2021 is expected to be 200%, and the actual payout for performance stock unit awards granted in fiscal year 2023, which vested in the first quarter of fiscal year 2026, was 92%. Actual payout for the performance stock unit awards granted in each of fiscal years 2024, 2025, and 2026, which vest in fiscal years 2027, 2028, and 2029, respectively, could be below 100% or up to 300%.
(b) Includes 38 incremental performance stock units granted in fiscal year 2021 with a weighted-average grant date fair value of $44.04, that vested in fiscal year 2026 at greater than 100% of target payout based on performance.
(c) Includes 12 performance stock units granted in fiscal year 2023 with a weighted-average grant date fair value of $76.07, that vested in fiscal year 2026 at less than 100% of target payout based on performance.