v3.26.3
Stock-based Compensation
6 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Stock-based Compensation
Stock Incentive Plans. The 2024 Stock Incentive Plan (2024 SIP) provides for the issuance of a variety of stock-
based compensation awards, including time-based restricted stock units (RSUs), performance-based restricted
stock units (PSUs), long-term incentive plan PSUs (LTIP PSUs), stock appreciation rights, stock bonuses, incentive
stock options (ISOs), and non-qualified stock options, to employees, directors, consultants, independent
contractors, and advisors. In September 2024, the 2024 SIP replaced the 2015 Stock Incentive Plan (2015 SIP).
Annual Stock Awards. The Company granted the following awards during the periods presented:
Six Months Ended September 30,
2026
2025
Award Type
Number of
Shares
Weighted-
Average Grant
Date Fair Value
Number of
Shares
Weighted-
Average Grant
Date Fair Value
RSUs
371,047
$90.10
287,718
$104.68
LTIP PSUs (1)
172,694
92.80
137,430
103.90
(1) The amounts reported reflect achievement of the target performance level under the terms of the applicable LTIP PSUs.
During the six months ended September 30, 2026, with the exception of the RSU and LTIP PSU awards
summarized above, no material additional awards were granted under the 2024 SIP.
Future unrecognized stock-based compensation for RSUs outstanding as of September 30, 2026, is $46,295.
For the LTIP PSUs granted during the current fiscal year, prior fiscal year, and fiscal year ended March 31, 2025, the
Company expects to exceed the minimum threshold performance criteria based on the Company’s current long-
range forecast as of September 30, 2026. Future unrecognized stock-based compensation for all LTIP PSUs
outstanding as of September 30, 2026, based on the anticipated performance level, is $27,131.