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Share Plans | 3 Months Ended
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Dec. 25, 2020
Share Plans |
Share Plans | 15. Share Plans Share-based compensation expense, which was included primarily in selling, general, and administrative expenses on the Condensed Consolidated Statements of Operations, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the | ​
​ | ​ | Quarters Ended | ​
​ | ​ | December 25, | ​ | December 27, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (in millions) | ​
Share-based compensation expense |  | $ | 19 |  | $ | 22 | ​
​ As of December 25, 2020, there was $170 million of unrecognized compensation expense related to share-based awards, which is expected to be recognized over a weighted-average period of 2.2 years. During the quarter ended December 25, 2020, we granted the following share-based awards as part of our annual incentive plan grant:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Grant-Date | ​
​ |  | Shares |  | Fair Value |
​ | ​ | (in millions) | ​ | ​ | ​ | ​
Share options | ​ | 1.3 | ​ | $ | 22.03 | ​
Restricted share awards | ​ | 0.4 | ​ |  | 105.86 | ​
Performance share awards | ​ | 0.2 | ​ | ​ | 105.86 | ​
​ As of December 25, 2020, we had 13 million shares available for issuance under the TE Connectivity Ltd. 2007 Stock and Incentive Plan, amended and restated as of September 17, 2020. Share-Based Compensation Assumptions The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant were as follows:
​ | ​ | ​ | ​ | ​ | ​
Expected share price volatility |  |  | 28 | % |
Risk-free interest rate | ​ |  | 0.5 | % | ​
Expected annual dividend per share | ​ | $ | 1.92 | ​ | ​
Expected life of options (in years) | ​ |  | 5.4 | ​ | ​
​

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