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STOCK-BASED COMPENSATION | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION On May 28, 2025 the Company's stockholders approved the 2025 Plan which has the objective of attracting and retaining skilled personnel and to enable the Company to grant equity compensation awards and other types of incentive compensation. As of September 30, 2025, there w ere 5.8 million shares of commo n stock available for issuance under the 2025 Plan. The 2015 Plan, which was adopted on April 30, 2015 and expired in 2025, had the objective of attracting and retaining skilled personnel and enabled the Company to grant equity compensation awards and other types of incentive compensation. As of September 30, 2025, there were 1.6 million unvested awards under the 2015 Plan and certain vested but unexercised awards remained outstanding. No further awards can be granted under the 2015 Plan. A summary of the Company’s RSU s and PSU s for the nine months ended September 30, 2025 and 2024 is presented in the following table:
| Nine Months Ended September 30,
| 2025 |  | 2024
| RSUs/PSUs (000's) |  | Weighted Average Grant Date Fair Value |  | RSUs/PSUs (000's) |  | Weighted Average Grant Date Fair Value
Unvested at beginning of period | 1,021 |  | $45.09 |  | 1,341 |  | $26.43
Granted | 1,318 |  | 29.13 |  | 448 |  | 60.09
Vested | (332) |  | 41.61 |  | (731) |  | 23.04
Forfeited and cancelled | (81) |  | 38.84 |  | (66) |  | 28.84
Unvested at end of period | 1,926 |  | $35.02 |  | 992 |  | $46.00
A summary of PSU awards granted during the nine months ended September 30, 2025, is as follows:
Grant Date |  | Number of Shares (000's) |  | Performance Period |  | Metrics |  | Grant Date Fair Value
March 1, 2025 |  | 142 |  | 2025-2027 |  | Revenue rTSR |  | Revenue - $25.69 rTSR - $36.61
May 30, 2025 |  | 27 |  | 2025-2027 |  | Revenue rTSR |  | Revenue - $37.88 rTSR - $62.61
August 8, 2025 |  | 40 |  | 2025-2027 |  | Integration Completion Synergy Savings |  | $51.95
During the second quarter of 2025, the Human Resources and Compensation Committee approved a modification to the revenue- based performance metrics applicable to certain of the Company’s outstanding PSU s to reflect the Alani Nu Acquisition. For PSU s in which the modification did not change the probability of payout, compensation cost continues to be recognized based on the original grant-date fair value (a Type I, probable-to-probable outcome). For PSU s in which the modification resulted in a change from improbable to probable (Type III) of achieving the performance condition, we measured the incremental compensation cost at the modification date fair value and are recognizing that cost over the remaining requisite service period, including a cumulative catch-u p. Incremental expense associated with the modified units was immaterial for the period.

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