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Share-Based Compensation
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation

Note 13 – Share-Based Compensation

The following table summarizes the costs associated with the Company’s share-based compensation plans:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

 

$

13.8

 

 

$

6.9

 

 

$

39.2

 

 

$

25.8

 

PRSUs

 

 

2.0

 

 

 

1.1

 

 

 

5.0

 

 

 

3.5

 

Employee stock purchase plan

 

 

1.4

 

 

 

1.4

 

 

 

3.6

 

 

 

3.5

 

 

$

17.2

 

 

$

9.4

 

 

$

47.8

 

 

$

32.8

 

 

The following table summarizes RSU and PRSU activity for the six months ended June 30, 2025:

 

(in millions, except weighted-average grant-date fair value)

 

Shares

 

 

Weighted-average
grant-date
fair value

 

Unvested at December 31, 2024

 

 

1.2

 

 

$

62.37

 

Granted during 2025

 

 

1.1

 

 

$

65.25

 

Vested during 2025

 

 

(0.9

)

 

$

63.23

 

Forfeited during 2025

 

 

(0.1

)

 

$

75.11

 

Unvested at June 30, 2025

 

 

1.3

 

 

$

63.51

 

In March 2025, the Company’s board of directors approved an amendment and restatement of the Company's 2020 Incentive Compensation Plan (the “Incentive Compensation Plan”), effective May 13, 2025. The Incentive Compensation Plan, which is subject to stockholder approval, increases the number of shares of Company common stock available for grant by 2.0 million shares and extends the term until May 13, 2035.