Share-Based Compensation |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Share-Based Payment Arrangement [Abstract] | |
| Share-Based Compensation | 10. Share-Based Compensation The Company recognized $6.4 million and $3.3 million of expense related to share-based compensation during the three months ended September 30, 2026 and 2025, respectively, and $19.2 million and $9.5 million during the nine months ended September 30, 2026 and 2025, respectively, which was measured based upon the fair value of the awards at the grant date. Included in the year to date expense was $10.2 million of share-based compensation expense recognized in connection with the accelerated vesting of certain legacy Thermon equity awards triggered by the acquisition. This was recorded to "Acquisition and integration expense" on the Condensed Consolidated Statements of Operations. The Company granted approximately 98,676 and 323,000 restricted stock units during the three months ended September 30, 2026 and 2025, respectively, and approximately 251,712 and 913,000 restricted stock units during the nine months ended September 30, 2026 and 2025, respectively. In addition, the Company granted 17,563 and 67,000 stock options during the nine months ended September 30, 2026 and 2025, respectively. No stock options were granted during the three months ended September 30, 2026 and 2025. There were no options exercised during the three and nine months ended September 30, 2026 or 2025. |