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Compensation Plans | 3 Months Ended
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Feb. 28, 2026
Compensation Related Costs [Abstract] |
Compensation Plans | Note 14. Compensation Plans For a description of Restricted Stock, Restricted Stock Units, the Senior Executive Compensation Plan and other compensation plans refer to Note 15. Compensation Plans in our consolidated financial statements included in Part II, Item 8 of our Annual Report on Form 10-K for the year ended November 30, 2025. At February 28, 2026, there were approximately 2.1 million shares of restricted stock outstanding with future service required, 6.4 million RSUs outstanding with future service required (including target RSUs that may be issued under the senior executive compensation plan), 10.3 million RSUs outstanding with no future service required, and 5.1 million stock options outstanding. The maximum potential increase to common shares outstanding resulting from these outstanding awards is 21.8 million at February 28, 2026. In December 2025, the Compensation Committee of our Board of Directors granted RSUs and performance stock units (“PSUs”) to each of our senior executives as follows:
$ in millions | Grant Terms
RSUs |
Aggregate grant date fair value ...................................... | $14.3
Vesting period ................................................................... | 3-year cliff
PSUs |
Aggregate target fair value .............................................. | $14.3
Service period .................................................................... | 3 years
Performance period .......................................................... | Fiscal 2025 to Fiscal 2027
Performance target (1) .................................................... | 10% ROTE
Performance range (2) ..................................................... | 7.5% - 15% ROTE
(1)ROTE is defined as return on tangible equity measured over three years. (2)Performance below an ROTE of 7.5% results in forfeiture of all PSUs. An ROTE of 15% or greater results in earning 150% of target PSUs and between 7.5% to 15%, the level of earning PSUs is linearly interpolated. In addition, we sponsor non-share-based compensation plans. Non-share-based compensation plans sponsored by us include a profit sharing plan and other forms of restricted cash awards. Restricted cash awards are subject to ratable vesting terms with service requirements. These awards are amortized as compensation expense over the relevant service period, which is generally considered to start at the beginning of the annual compensation year. Components of total compensation cost associated with certain of our compensation plans:
| Three Months Ended February 28,
$ in millions | 2026 | 2025
Restricted cash awards ..................................................... | $132.6 | $115.1
Restricted stock and RSUs (1) .......................................... | 50.7 | 35.6
Profit sharing plan ............................................................... | 7.8 | 7.4
Total compensation cost................................................... | $191.1 | $158.1
(1)Total compensation cost associated with restricted stock and RSUs includes the amortization of sign-on, retention and senior executive awards, less forfeitures and clawbacks. Remaining unamortized amounts related to certain compensation plans at February 28, 2026:
$ in millions | Remaining Unamortized Amounts | Weighted Average Vesting Period (in Years)
Non-vested share-based awards .............. | $225.9 | 3.4
Restricted cash awards (1) ........................ | 1,229.3 | 3.0
Total .............................................................. | $1,455.2 |
(1)The remaining unamortized amount is included within Other assets.

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