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STOCK-BASED COMPENSATION | 3 Months Ended
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Aug. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
STOCK-BASED COMPENSATION |
NOTE 5 — STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION The NIKE, Inc. Stock Incentive Plan (the "Stock Incentive Plan") provides for the issuance of up to 798 million previously unissued shares of Class B Common Stock in connection with equity awards granted under the Stock Incentive Plan. The Stock Incentive Plan authorizes the grant of non-statutory stock options, incentive stock options, stock appreciation rights and stock awards, including restricted stock and restricted stock units. Restricted stock units include both time-vesting restricted stock units ("RSUs") as well as performance-based restricted stock units ("PSUs"). In addition to the Stock Incentive Plan, the Company gives employees the right to purchase shares at a discount from the market price under employee stock purchase plans ("ESPPs"). The following table summarizes the Company's total stock-based compensation expense recognized in Cost of sales or Operating overhead expense, as applicable:
| THREE MONTHS ENDED AUGUST 31, |  |
(Dollars in millions) | 2024 | 2023 |  |  |
Stock options(1) | $ | 71 |  | $ | 76 |  |  |  |
ESPPs | 13 |  | 21 |  |  |  |
Restricted stock and restricted stock units(1)(2) | 99 |  | 99 |  |  |  |
TOTAL STOCK-BASED COMPENSATION EXPENSE | $ | 183 |  | $ | 196 |  |  |  |
(1)Expense for stock options includes the expense associated with stock appreciation rights. (2)Expense for restricted stock units includes an immaterial amount of expense for PSUs. STOCK OPTIONS As of August 31, 2024, the Company had $324 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized in Cost of sales or Operating overhead expense, as applicable, over a weighted average remaining period of 2.4 years. RESTRICTED STOCK AND RESTRICTED STOCK UNITS As of August 31, 2024, the Company had $517 million of unrecognized compensation costs from restricted stock and restricted stock units, net of estimated forfeitures, to be recognized in Cost of sales or Operating overhead expense, as applicable, over a weighted average remaining period of 2.3 years.

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