Quarterly report [Sections 13 or 15(d)]

Share-Based Compensation (Tables)

v3.26.1
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Activity Under Share-Based Compensation Plans

The following table summarizes the activity for all SARs under the Company’s share-based compensation plans for the six months ended June 30, 2026:

 

 

 

Number of Awards

 

 

Weighted-Average Exercise Price Per Award

 

 

Weighted- Average Remaining Contractual Term

 

Aggregate Intrinsic Value(1)

 

 

 

(in thousands)

 

 

 

 

 

 

 

(in millions)

 

Outstanding as of December 31, 2025(2)

 

 

13,249

 

 

$

11.07

 

 

7.0 years

 

$

45.4

 

Granted

 

 

1,004

 

 

$

18.52

 

 

 

 

 

 

Exercised

 

 

(380

)

 

$

9.49

 

 

 

 

 

 

Forfeited/expired(3)

 

 

(422

)

 

$

29.39

 

 

 

 

 

 

Outstanding as of June 30, 2026(2)

 

 

13,451

 

 

$

11.10

 

 

6.9 years

 

$

46.5

 

Exercisable as of June 30, 2026(4)

 

 

7,021

 

 

$

12.29

 

 

7.0 years

 

$

19.3

 

Vested and expected to vest as of June 30, 2026(4)

 

 

9,980

 

 

$

12.12

 

 

7.6 years

 

$

29.0

 

 

(1)
The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards.
(2)
Includes 3.7 million and 3.9 million performance condition SARs as of June 30, 2026 and December 31, 2025, respectively.
(3)
Includes 0.2 million performance condition SARs.
(4)
Includes 0.3 million performance condition SARs.
The following table summarizes the activities for all restricted stock units under the Company’s share-based compensation plans for the six months ended June 30, 2026:

 

 

 

Number of Shares

 

 

Weighted- Average Grant Date Fair Value Per Share

 

 

 

(in thousands)

 

 

 

 

Outstanding and nonvested as of December 31, 2025(1)

 

 

4,566

 

 

$

9.67

 

Granted(2)

 

 

1,457

 

 

$

18.81

 

Vested

 

 

(1,867

)

 

$

10.91

 

Forfeited(3)

 

 

(114

)

 

$

11.80

 

Outstanding and nonvested as of June 30, 2026(1)

 

 

4,042

 

 

$

12.34

 

Expected to vest as of June 30, 2026(4)

 

 

3,589

 

 

$

12.09

 

 

(1)
Includes 2.8 million and 1.6 million performance-based restricted stock units as of June 30, 2026 and December 31, 2025, respectively, which represents the maximum amount that can vest.
(2)
Includes 1.3 million performance-based restricted stock units.
(3)
Includes less than 0.1 million performance-based restricted stock units.
(4)
Includes 2.4 million performance-based restricted stock units.