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Share Plans | 3 Months Ended
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Dec. 27, 2024
Share Plans |
Share Plans | 15. Share Plans Share-based compensation expense, which was included in selling, general, and administrative expenses on the Condensed Consolidated Statements of Operations, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the | ​
​ | ​ | Quarters Ended | ​
​ | ​ | December 27, | ​ | December 29, | ​
​ |  | 2024 |  | 2023 |
​ | ​ | (in millions) | ​
Share-based compensation expense |  | $ | 35 |  | $ | 34 | ​
​ As of December 27, 2024, there was $213 million of unrecognized compensation expense related to share-based awards, which is expected to be recognized over a weighted-average period of 2.1 years. During the quarter ended December 27, 2024, we granted the following share-based awards as part of our annual incentive plan grant:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Grant-Date | ​
​ |  | Shares |  | Fair Value |
​ | ​ | (in millions) | ​ | ​ | ​ | ​
Share options | ​ | 0.7 | ​ | $ | 46.45 | ​
Restricted share awards | ​ | 0.4 | ​ |  | 153.25 | ​
Performance share awards | ​ | 0.1 | ​ | ​ | 153.25 | ​
​ As of December 27, 2024, we had 18 million shares available for issuance under the TE Connectivity plc 2024 Stock and Incentive Plan, amended and restated as of September 30, 2024. 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 |  |  | 31 | % |
Risk-free interest rate | ​ |  | 4.5 | % | ​
Expected annual dividend per share | ​ | $ | 2.60 | ​ | ​
Expected life of options (in years) | ​ |  | 5.3 | ​ | ​
​

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