The Company grants share-based compensation awards to its officers, directors, and certain key employees pursuant to the 2017 Pursuit Attractions and Hospitality, Inc. Omnibus Incentive Plan, as amended (the “2017 Plan”). The 2017 Plan has a 10-year term and provides for the following types of awards: (a) incentive and non-qualified stock options; (b) restricted stock awards and restricted stock units; (c) performance units or performance shares; (d) stock appreciation rights; (e) cash-based awards; and (f) certain other stock-based awards.

The following table summarizes share-based compensation expense for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2026			2025			2026			2025
Restricted stock units	$	1,063		$	1,218		$	2,032		$	2,549
Performance-based restricted stock units		918			607			1,607			1,661
Stock options		—			—			—			51
Share-based compensation expense before income tax		1,981			1,825			3,639			4,261
Income tax benefit (1)		(51	)		(47	)		(106	)		(86	)
Share-based compensation expense, net of income tax	$	1,930		$	1,778		$	3,533		$	4,175

(1)

The income tax benefit amount for all periods primarily reflects the tax benefit associated with employees based outside of the U.S.