Stock-based compensation includes share-settled awards issued pursuant to the Shoe Station Group, Inc. Amended and Restated 2017 Equity Incentive Plan in the form of restricted stock units, performance stock units, and restricted and other stock awards. Additionally, we recognize stock-based compensation expense for the discount on shares sold to employees through our Employee Stock Purchase Plan and for cash-settled stock appreciation rights. For the thirteen and twenty-six weeks ended August 1, 2026 and August 2, 2025, stock-based compensation expense was comprised of the following:


(In thousands)	Thirteen Weeks Ended August 1, 2026		Thirteen Weeks Ended August 2, 2025			Twenty-six Weeks Ended August 1, 2026			Twenty-six Weeks Ended August 2, 2025
Share-settled equity awards	$	1,809	$	2,091		$	5,173		$	3,629
Employee Stock Purchase Plan		9		9			18			17
Total stock-based compensation expense	$	1,818	$	2,100		$	5,191		$	3,646
Income tax benefit at statutory rates	$	442	$	511		$	1,262		$	887
Additional income tax (shortfall) on vesting of share-settled awards	$	0	$	(14	)	$	(541	)	$	(469	)

As of August 1, 2026, approximately $9.0 million of unrecognized compensation expense remained related to our share-settled equity awards. The cost is expected to be recognized over a weighted average period of approximately 1.6 years.

The following table summarizes transactions for our restricted stock units and performance stock units:


	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 31, 2026		796,409		$	25.67
Granted		531,796			20.16
Vested		(283,448	)		27.86
Forfeited		(83,603	)		21.67
Outstanding at August 1, 2026		961,154		$	22.32

The total fair value at grant date of restricted stock units and performance stock units that vested during the twenty-six weeks ended August 1, 2026 and August 2, 2025 was $7.9 million and $7.5 million, respectively. The weighted-average grant date fair value of restricted stock units and performance stock units granted during the twenty-six weeks ended August 2, 2025 was $21.64.

The following table summarizes transactions for our restricted stock and other stock awards:


	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 31, 2026		0		$	0.00
Granted		30,035			16.65
Vested		(6,007	)		16.65
Forfeited		0			0.00
Outstanding at August 1, 2026		24,028		$	16.65

The total fair value at grant date of restricted stock and other stock awards that vested during the twenty-six weeks ended August 1, 2026 and August 2, 2025 was $100,000 and $100,000, respectively. The weighted-average grant date fair value of restricted stock awards granted during the twenty-six weeks ended August 2, 2025 was $18.85.