v3.26.1
Share-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
During the six months ended June 30, 2026, we granted 197,000 non-qualified employee stock options, 25,874 restricted stock units, 31,380 performance shares, and 8,107 restricted stock units awarded to non-employee directors. For the three and six months ended June 30, 2026, total share-based compensation expense was $6.1 million and $11.9 million and the related tax benefits were $1.5 million and $2.9 million. For the three and six months ended June 30, 2025, total share-based compensation expense was $5.0 million and $11.1 million and the related tax benefits were $1.2 million and $2.7 million.
The estimated fair value of our 2026 non-qualified employee stock option awards and related underlying assumptions are shown in the table below:
2026
Weighted-average estimated fair value$54.93 
Quarterly dividend$0.66 
Expected term of stock options, in years4.2
Risk-free interest rate3.5 %
Dividend yield1.3 %
Expected stock price volatility24.9 %
Present value of dividends$10.32