v3.26.1
Stock-Based Compensation
6 Months Ended
Jun. 30, 2026
Stock-Based Compensation [Abstract]  
Stock-Based Compensation 12.STOCK-BASED COMPENSATION

Restricted Stock Units and Performance-Based Restricted Stock Units

The following table summarizes the Company’s RSU and PSU activity for the six months ended June 30, 2026:

RSUs

PSUs (1)

Weighted-Average

Weighted-Average

Number of

Grant Date Fair

Number of

Grant Date Fair

Shares

Value per Share

Shares

Value per Share

(in thousands)

(in thousands)

Outstanding at December 31, 2025

480

$

221.37

206

$

245.29

Granted

320

$

196.13

76

$

209.37

PSU adjustment (2)

$

5

$

262.67

Vested

(216)

$

225.47

(93)

$

256.19

Forfeited/canceled

(22)

$

207.72

$

Outstanding at June 30, 2026

562

$

205.92

194

$

222.65

(1)PSUs represent the target number of shares granted that are issuable at the end of the three year performance period. Fair value for a portion of the PSUs was calculated using a Monte Carlo simulation model.

(2)PSU adjustment represents the net PSUs awarded above or below their target grants resulting from the achievement of performance targets established at the grant date.


Stock Options

The following table summarizes the Company’s activities with respect to its stock option plans for the six months ended June 30, 2026 as follows (dollars and shares in thousands, except for per share data):

Weighted-

Weighted-Average

Average

Remaining

Number

Exercise Price

Contractual

Aggregate

of Shares

Per Share

Life (in years)

Intrinsic Value

Outstanding at December 31, 2025

546

$

187.07

Exercised

(515)

$

182.68

Outstanding at June 30, 2026

31

$

259.31

6.3

$

Exercisable at June 30, 2026

21

$

265.94

6.1

$

Unvested at June 30, 2026

10

$

245.19

6.7

$

The total intrinsic value for options exercised during the six months ended June 30, 2026 was $7.1 million.