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Share-Based Compensation
 9 Months Ended
Sep. 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
September 30,

 

 

Nine Months Ended
September 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

 

$

8.6

 

 

$

7.0

 

 

$

47.8

 

 

$

32.8

 

PRSUs

 

 

1.5

 

 

 

1.1

 

 

 

6.5

 

 

 

4.6

 

Employee stock purchase plan

 

 

1.7

 

 

 

1.6

 

 

 

5.3

 

 

 

5.1

 

 

$

11.8

 

 

$

9.7

 

 

$

59.6

 

 

$

42.5

 

 

The following table summarizes RSU and PRSU activity for the nine months ended September 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

 

 

1.2

 

 

$

65.27

 

Vested during 2025

 

 

(1.1

)

 

$

63.38

 

Forfeited during 2025

 

 

(0.1

)

 

$

72.40

 

Unvested at September 30, 2025

 

 

1.2

 

 

$

63.53

 

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 changes to the Incentive Compensation Plan included an increase in the number of shares of Company common stock available for grant by 2.0 million shares and an extension of the term until May 13, 2035.