v3.26.1
Share-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Compensation  
Share-Based Compensation

Note 10 — Share-Based Compensation

For a description of the Company’s share-based compensation plans, including equity plan structure and Restricted Stock Units (“RSUs”) program mechanics, refer to Note 17 to the Consolidated Financial Statements in the 2025 Form 10-K.

Stock Options

Activity in the Company’s stock option plans is summarized in the following table:

Weighted

Weighted

Average

Aggregate

Average

Remaining

Intrinsic

  ​ ​ ​

Shares

  ​ ​ ​

Price

  ​ ​ ​

(Yrs.)

  ​ ​ ​

(000’s)

 

Outstanding at January 1, 2026

28,815

$

61.00

Exercised

(6,018)

 

50.65

 

Expired

(278)

44.21

 

Outstanding at June 30, 2026

22,519

 

63.97

0.99

$

809

Exercisable at June 30, 2026

22,519

63.97

0.99

$

809

Restricted Stock Units (“RSUs”)

Outstanding RSUs for the six months ended June 30, 2026, are summarized in the following table:

  ​ ​ ​

  ​ ​ ​

Weighted-

 

Average

 

Grant-Date

 

Restricted Stock Units

Shares

Fair Value

 

Outstanding at January 1, 2026

 

820,878

$

86.43

Granted

 

437,648

 

93.75

Vested

(388,095)

80.35

Forfeited

(5,864)

93.08

Outstanding at June 30, 2026

 

864,567

$

92.82

If maximum performance is achieved pursuant to the 2024, 2025 and 2026 Long Term Incentive performance-based RSU grants, an additional 133,447 shares in total may be issued by the Company at the end of the three-year performance periods.

As of June 30, 2026, there was $48.8 million of total unrecognized compensation cost at target related to nonvested RSUs granted under the plan. This cost is expected to be recognized over a weighted-average period of 1.44 years as of June 30, 2026. The total fair value of RSUs vested and released during the six months ended June 30, 2026, was $39.6 million.