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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Costs Associated with Share-Based Compensation Plans

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

 

Summary of RSU and PSRU Activity

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