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STOCK OPTION AND RESTRICTED STOCK AWARDS
3 Months Ended
Jan. 30, 2022
STOCK OPTION AND RESTRICTED STOCK AWARDS  
STOCK OPTION AND RESTRICTED STOCK AWARDS

(19)  Stock Option and Restricted Stock Awards

In December 2021, the Company granted stock options to employees for the purchase of 197 thousand shares of common stock at an exercise price of $343.94 per share and a binomial lattice model fair value of $89.20 per share at the grant date. At January 30, 2022, options for 2.6 million shares were outstanding with a weighted-average exercise price of $145.37 per share. The Company also granted 154 thousand restricted stock units to employees in the first three months of 2022, of which 117 thousand are subject to service based only conditions and 37 thousand are subject to performance/service based conditions. The weighted-average fair value of the service based only units at the grant date was $344.11 per unit based on the market price of a share of underlying common stock. The fair value of the performance/service based units at the grant date was $331.47 per unit based on the market price of a share of underlying common stock excluding dividends. At January 30, 2022, the Company was authorized to grant awards for an additional 17.1 million shares under the equity incentive plan.