| Schedule of the Company's Outstanding PSUs |
A continuity schedule of the Company’s outstanding PSUs (assuming a performance factor of 100% is achieved over the performance period) and the Company’s PSU accrual from January 1, 2025 to June 30, 2026 is presented below:
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|
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|
|
|
|
(in thousands, except for number of PSUs outstanding) |
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|
Number of
PSUs
Outstanding |
|
|
|
PSU accrual
liability |
|
|
|
|
At January 1, 2025 |
|
|
378,970 |
|
|
$ |
25,084 |
|
Granted |
|
|
78,390 |
|
|
|
- |
|
Accrual related to the fair value of the PSUs outstanding |
|
|
- |
|
|
|
10,796 |
|
Foreign exchange adjustment |
|
|
- |
|
|
|
87 |
|
Paid |
|
|
(118,240) |
|
|
|
(17,209) |
|
Forfeited |
|
|
(890) |
|
|
|
(40) |
|
At March 31, 2025 |
|
|
338,230 |
|
|
$ |
18,718 |
|
Accrual related to the fair value of the PSUs outstanding |
|
|
- |
|
|
|
8,153 |
|
Foreign exchange adjustment |
|
|
- |
|
|
|
838 |
|
At June 30, 2025 |
|
|
338,230 |
|
|
$ |
27,709 |
|
Accrual related to the fair value of the PSUs outstanding |
|
|
- |
|
|
|
7,403 |
|
Foreign exchange adjustment |
|
|
- |
|
|
|
(10) |
|
Forfeited |
|
|
(3,560) |
|
|
|
(283) |
|
At December 31, 2025 |
|
|
334,670 |
|
|
$ |
34,819 |
|
Granted |
|
|
43,340 |
|
|
|
- |
|
Accrual related to the fair value of the PSUs outstanding |
|
|
- |
|
|
|
8,472 |
|
Foreign exchange adjustment |
|
|
- |
|
|
|
(312) |
|
Paid |
|
|
(123,700) |
|
|
|
(29,257) |
|
Forfeited |
|
|
(230) |
|
|
|
(6) |
|
At March 31, 2026 |
|
|
254,080 |
|
|
$ |
13,716 |
|
Accrual related to the fair value of the PSUs outstanding |
|
|
- |
|
|
|
3,062 |
|
Foreign exchange adjustment |
|
|
- |
|
|
|
(205) |
|
|
|
|
At June 30, 2026 |
|
|
254,080 |
|
|
$ |
16,573 |
|
|
| Schedule of Performance Share Units Outstanding |
A summary of the PSUs outstanding at June 30, 2026 is as follows:
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|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
Year
of Grant |
|
|
Year of
Maturity |
|
|
Number
Outstanding |
|
|
Estimated
Value Per PSU
at Maturity |
|
|
Anticipated
Performance
Factor
at Maturity |
|
|
Percent of
Service Period
Completed at
Jun 30, 2026 |
|
|
PSU
Liability at
Jun 30, 2026 |
|
| |
2024 |
|
|
|
2027 |
|
|
|
133,400 |
|
|
|
$118.40 |
|
|
|
123% |
|
|
|
78% |
|
|
$ |
15,186 |
|
| |
2025 |
|
|
|
2028 |
|
|
|
77,340 |
|
|
|
$99.97 |
|
|
|
23% |
|
|
|
50% |
|
|
|
908 |
|
| |
2026 |
|
|
|
2029 |
|
|
|
43,340 |
|
|
|
$116.10 |
|
|
|
99% |
|
|
|
10% |
|
|
|
479 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
254,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16,573 |
|
|