v3.26.1
Stock-Based Compensation
6 Months Ended
Jun. 30, 2026
Stock-Based Compensation [Abstract]  
Stock-Based compensation Stock-Based Compensation
The Company awarded restricted stock units (RSUs) and performance share units (PSUs) to certain employees and non-employee Directors of the Company as follows:
Number AwardedWeighted Average Fair Value on Date of GrantAggregate Fair Value on Date of Grant
(in millions)
March 2026
RSUs(1)
77,300 $39.71 $3.1 
PSUs(2)
100,020 39.71 4.0 
May 2026
RSUs(3)
7,824 41.92 0.3 
RSUs(4)
15,372 43.26 0.7 
(1)These RSUs were awarded to certain employees of the Company and vest 25% on March 15, 2027 and each of the subsequent three anniversaries of that date.
(2)These PSUs were awarded to certain employees of the Company and have a performance period of three years. The PSU awards are subject to certain performance goals with payouts that range from 0% to 200% of the target awards. The value shown in the table represents the aggregate number of PSUs awarded at the target level.
(3)    These RSUs were awarded to certain employees of the Company and vest 25% on May 15, 2027 and each of the subsequent three anniversaries of that date.
(4)    All RSUs awarded on this date were awarded to non-employee directors of the Company and vest in full on May 28, 2027.
Employees who are awarded RSUs and PSUs are entitled to receive dividend equivalents for eligible awards, payable in cash, when and if, the underlying award vests and becomes payable. If the underlying award does not vest or is forfeited, dividend equivalents with respect to the underlying award fail to become payable and are forfeited.
RSUs and PSUs are subject to accelerated vesting in certain circumstances, including but not limited to: death, disability, retirement, or in connection with a change of control of the Company.
As of June 30, 2026, the Company had 224,086 RSUs and 252,751 PSUs (based on the target achievement for the PSUs awarded) outstanding.