XML 93 R80.htm IDEA: XBRL DOCUMENT v3.25.4
Stock-Based Compensation - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
May 25, 2023
May 16, 2014
May 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award                  
Stock based compensation costs             $ 97,516 $ 64,271 $ 69,783
Tax benefit from compensation expense             17,800 9,900 10,000
Tax benefits (loss) realized from option exercises             $ 9,900 $ 5,800 7,500
Tranche One                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Performance period             1 year    
Tranche Two                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Performance period             2 years    
Tranche Three                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Performance period             3 years    
Performance Share Units                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Vesting period             3 years    
Risk-free interest rate             4.30% 4.10%  
Expected volatility             40.00% 45.00%  
Stock based compensation costs             $ 5,400 $ 7,800 $ 8,000
Vested shares issued (in shares)       46,085 94,350 84,130 33,283    
Weighted-average grant date fair value (in dollars per share)       $ 116.37 $ 82.45 $ 95.26 $ 71.70    
Performance Share Units | Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Number of shares subject to service and market conditions (in shares)             0    
Performance Share Units | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Number of shares subject to service and market conditions (in shares)             1.6    
WRL Omnibus Plan                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Term of plan   10 years              
Shares authorized for issuance     7,909,390            
Increase in shares authorized for issuance (in shares)     2,000,000            
Aggregate amount of common stock available for grant             1,792,076    
Unvested awards compensation not yet recognized             $ 61,400    
Unvested awards compensation costs period of recognition             1 year 4 months 24 days    
Risk-free interest rate             3.70% 0.00% 0.00%
Expected volatility             39.30% 0.00% 0.00%
Vested shares issued (in shares)             1,248,597    
Weighted-average grant date fair value (in dollars per share)             $ 83.53 $ 93.12 $ 94.13
WML Share Option Plan                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Term of plan 10 years                
Shares authorized for issuance 523,843,160                
Aggregate amount of common stock available for grant             504,297,160    
Risk-free interest rate             2.60% 3.10% 3.60%
Expected volatility             51.90% 54.20% 53.80%
WML Share Award Plan                  
Share-based Compensation Arrangement by Share-based Payment Award                  
Term of plan 10 years                
Unvested awards compensation not yet recognized             $ 9,600    
Unvested awards compensation costs period of recognition             2 years 18 days    
Vested shares issued (in shares)             9,913,368    
Weighted-average grant date fair value (in dollars per share)             $ 0.74 $ 0.90 $ 1.08