v3.26.1
Stock-Based Compensation
3 Months Ended
Jul. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Equity-classified awards
A summary of the transactions within Sunbelt’s equity-classified long-term incentive awards is as follows:
SharesWeighted-Average Grant Date Fair Value
Outstanding as of April 30, 2026
2,640,449
$
71.94 

Granted
920,860
75.18 
Exercised
(537,227)
72.20 
Expired/lapsed
(45,501)
73.01 
Outstanding and exercisable as of July 31, 2026
2,978,581
$
72.87 
Stock-based compensation expense
Stock-based compensation expense was $26 million and $23 million for the three months ended July 31, 2026 and 2025, respectively. Sunbelt’s stock-based compensation expense is included in selling, general and administrative expense in Sunbelt’s condensed consolidated statements of income.