v3.26.1
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
May 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
The following table presents the stock-based compensation expense for the periods presented:
Three Months EndedNine Months Ended
May 31,May 31,
(in thousands)
2026202520262025
Stock-based compensation expense
$22,217 $17,015 $61,541 $47,154 
Schedule of Stock Option Activity
The following table presents the employee stock options granted for the nine months ended May 31, 2026 and May 31, 2025:
Nine Months Ended
May 31,
20262025
Shares
Weighted average exercise price
Weighted average grant date fair value
SharesWeighted average exercise priceWeighted average grant date fair value
Stock options granted(1)
232,567 $261.59 $75.40 203,114 $459.17 $133.21 
CEO performance stock option grant(2)
297,902 $295.63 $73.85 — $— $— 
Total stock option awards granted
530,469 203,114 
(1) Our annual grant of employee stock options during the first quarter of each fiscal year makes up the majority of our employee stock options granted in each fiscal year. The annual grant on November 3, 2025 of 213,811 stock options vest 25% annually on the anniversary date of the grant and fully vest after four years. The annual grant on November 1, 2024 of 200,693 stock options vest 20% annually on the anniversary date of the grant and fully vest after five years.
(2) Reflects a grant to our CEO on September 22, 2025 of PSOs as part of his May 28, 2025 employment agreement. The PSOs vest if, during the performance period ending on the fifth anniversary of the grant date, our common stock achieves a 30-day trailing volume-weighted average price ("VWAP") equal to or greater than 150% of the 30-day trailing VWAP ending on the grant date. Options are not exercisable before the third anniversary of the grant date. These options expire ten years from the grant date.
Schedule of Weighted Average Assumptions used for Employee Stock Options The following table presents the grant information and model assumptions:
Annual Employee Stock Option Grant
CEO PSO Grant
Employee Grant Details
November 3, 2025
September 22, 2025
Stock options granted
213,811297,902
Estimated fair value$75.34$73.85
Exercise price$264.57$295.63
Assumptions
Risk-free interest rate
3.61 % - 4.16 %
4.08 %
Expected volatility27.57 %24.72 %
Dividend yield1.32 %0.90 %
Expected life (years)6.335.00
Schedule of Restricted Stock Awards Activity
The following table presents the employee Restricted Stock Awards granted or earned during the nine months ended May 31, 2026 and May 31, 2025:
Nine Months Ended
May 31,
20262025
Shares
Weighted Average
Grant Date Fair Value
Per Award
Shares
Weighted Average
Grant Date Fair Value
Per Award
RSUs granted(1)
258,813$256.75 91,766$444.16 
PSUs granted(2)
65,717$258.46 34,479$446.59 
Performance adjustment - PSUs(3)
—$— 7,364$424.01 
Total Restricted Stock Awards324,530133,609
(1) RSUs granted during the nine months ended May 31, 2026 include the annual employee grant on November 3, 2025 of 169,049 RSUs, and a one-time grant to our CEO on September 22, 2025 of 58,332 RSUs pursuant to the terms of his employment agreement. Both grants vest 25% annually on the anniversary date of the grant and fully vest after four years. RSUs granted during the nine months ended May 31, 2025 include the annual employee grant on November 1, 2024 of 76,448 RSUs which vest 20% annually on the anniversary date of the grant and fully vest after five years.
(2) PSUs granted during the nine months ended May 31, 2026 include the annual employee grant on November 3, 2025 of 43,281 PSUs, and a one-time grant to our CEO on October 1, 2025 of 22,436 PSUs pursuant to the terms of his employment agreement. PSUs granted during the nine months ended May 31, 2025 include the annual employee grant on November 1, 2024 of 33,756 PSUs. Each grant cliff vests on the third anniversary of the grant date, subject to the achievement of certain performance metrics, with an achievement range from 0% to 200%. The ultimate number of common shares that may be earned pursuant to the PSU awards depends on the level of achievement of the specified performance levels.
(3) Additional PSUs were earned during the first quarter of fiscal 2025 based on performance above the specified target level of achievement for PSUs granted on November 1, 2021.