STOCK-BASED COMPENSATION PLANS

9 Months Ended

May 31, 2025

Share-Based Payment Arrangement [Abstract]

NOTE 10. STOCK-BASED COMPENSATION PLANS

The Company's stock-based compensation plans are described in Note 13, Stock-Based Compensation Plans, to the consolidated financial statements in the 2024 Form 10-K. In general, restricted stock units awarded to executive officers and other employees vest ratably over a period of three years. Subject to the achievement of performance targets established by the Compensation Committee of the Company's Board of Directors (the "Board"), performance stock units vest after a period of three years.

Information for restricted stock units and performance stock units accounted for as equity awards during the nine months ended May 31, 2025 is as follows:


	Shares	Weighted Average Fair Value
Outstanding as of August 31, 2024	1,548,586	$	43.52
Granted	1,060,712	48.02
Vested	(1,129,002)	39.03
Forfeited	(83,496)	48.25
Outstanding as of May 31, 2025	1,396,800	$	50.28

The Company granted 172,992 equivalent shares in the form of restricted stock units and performance stock units accounted for as liability awards during the nine months ended May 31, 2025. As of May 31, 2025, the Company had outstanding 349,713 equivalent shares accounted for under the liability method. The Company expects 336,388 equivalent shares to vest.

Total stock-based compensation expense, including fair value remeasurements, which was primarily included in SG&A expenses in the condensed consolidated statements of earnings (loss), was $9.5 million and $27.8 million for the three and nine months ended May 31, 2025, respectively, and $12.9 million and $35.9 million for the three and nine months ended May 31, 2024, respectively.