v3.26.1
Award Timing Disclosure
12 Months Ended
Mar. 31, 2026
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Policies and Practices Related to the Grant of Equity Awards
Under the Company’s policies and practices, the approval of long-term equity incentive compensation for the Company’s regular annual equity awards (including the Company’s stock option and restricted stock grants to its named executive officers) is typically made in the first quarter Committee meeting in each fiscal year. These grants are then made effective shortly after the date of filing of the Company’s
10-K
filing for its prior fiscal year. Share values utilized for annual awards are determined shortly before the grant date based upon Company share price averages over a predetermined period following the Company’s announcement of its prior year financial results. These values are then used in determining the number of options and restricted shares to be awarded to recipients, and values are not modified to reflect any subsequent increase or decrease in value of the Company’s stock between the end of the predetermined period and the effective date of the grant. During fiscal 2026, the Company granted Ms. Burton restricted shares and stock options in an
off-cycle
award in connection with her promotion to Senior Vice President and Chief Financial Officer.
This equity grant approach is used by the Committee in order to best help ensure the annual grants are made only during an open window, and after the release of the Company’s material
non-public
information regarding its most recently completed fiscal year. This grant timing provides for a routine and regular grant practice regarding the named executive officers’ annual equity awards. The Committee does not factor any material
non-public
information into its design and approval of the terms of such regular annual equity awards, and the Company does not time the disclosure of material
non-public
information for purposes of affecting the value of executive compensation.
During fiscal 2026, the Company did not grant equity awards to any named executive officer during any period beginning four business days before and ending one business day after the filing of any Company periodic report on Form
10-Q
or Form
10-K,
or the filing or furnishing of any Company
Form 8-K
that disclosed any material
non-public
information.
Award Timing Method The Committee does not factor any material
non-public
information into its design and approval of the terms of such regular annual equity awards, and the Company does not time the disclosure of material
non-public
information for purposes of affecting the value of executive compensation.
Award Timing Predetermined true
Award Timing MNPI Considered false
Award Timing, How MNPI Considered the Company does not time the disclosure of material
non-public
information for purposes of affecting the value of executive compensation.
MNPI Disclosure Timed for Compensation Value false