v3.26.3
Share-based Compensation (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity The following table summarizes the Company’s stock option activity for the nine months ended September 30, 2026:
(in thousands, except per share data and years)SharesWeighted Average
Exercise Price
Per Share		Aggregate
Intrinsic
Value		Weighted Average
Remaining Contractual
Term (Years)
Balance as of January 1, 20263,535$42.63 
Granted68$151.39 
Exercised(473)$46.71 $50,817 
Forfeited/Expired(6)$281.98 
Balance as of September 30, 20263,124$43.90 
Exercisable as of September 30, 20262,920$37.07 $341,243 4.7
Expected to vest as of September 30, 2026204$141.70 $7,568 8.1
Total3,124$43.90 $348,811 4.9
Schedule of Range of Exercise Prices per Share
Stock options outstanding as of September 30, 2026 are comprised of the following range of exercise prices per share:
Stock Options Outstanding at September 30, 2026
(in thousands, except per share data and years)
Range of Exercise Prices per Share
SharesWeighted Average
Exercise Price
Per Share		Weighted Average
Remaining Contractual
Term (Years)
$12.45 - $20.00
784$14.91 3.1
$20.01 - $30.00
832$24.29 6.0
$30.01 - $40.00
15$30.16 6.7
$40.01 - $50.00
790$41.29 5.1
$50.01 - $70.00
513$69.12 4.4
$70.01 - $220.00
140$156.98 8.6
$220.01 - $300.00
36$261.38 8.4
$300.01 - $364.20
11$364.20 8.2
$364.21 and over
3$369.06 8.7
Total3,124$43.90 4.9
Summary of Share-Settled Restricted Stock Unit Activity The following table summarizes the Company’s share-settled restricted stock unit activity for the periods indicated:
Share-Settled Restricted Stock Units Outstanding
(in thousands)UnitsAggregate
Intrinsic Value
Balance as of January 1, 2026731
Granted306
Vested(297)$39,608 
Forfeited(107)
Balance as of September 30, 2026633
Expected to vest as of September 30, 2026633$96,951 
Summary of Share-Settled Performance Stock Unit Activity The following table summarizes the Company’s performance stock unit activity for the periods indicated:
Share-Settled Performance Stock Units Outstanding
(in thousands)UnitsAggregate
Intrinsic Value
Balance as of January 1, 2026239
Granted227
Vested(351)$45,386 
Forfeited— 
Balance as of September 30, 2026115
Expected to vest as of September 30, 2026115$16,369 
Summary of Performance Shares, Assumptions Used in Pricing Model
The weighted average grant date fair value of performance stock units using the Monte-Carlo simulation model was $267.03 and $445.66 for each performance stock unit granted during the nine months ended September 30, 2026 and 2025, respectively, based on the following assumptions:
Nine Months Ended
September 30,
20262025
Expected term of awards in years3.03.0
Expected volatility87.2%99.2%
Risk-free interest rate3.7%3.9%
Expected dividend yield0.0%0.0%