XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.3
Stock-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A summary of stock option activity is as follows:
Number of
Shares
Weighted Average
Exercise Price ($)
Weighted Average
Remaining Contractual
Term (Years)
Aggregate Intrinsic Value
of In-the-Money
Options ($)
Outstanding as of December 31, 2024539,270 $18.65 
Exercised(70,491)17.89 
Outstanding as of September 30, 2025468,779 $18.76 0.77$15,943,564 
Exercisable as of September 30, 2025468,779 $18.76 0.77$15,943,564 
Schedule of Nonvested Total Shareholder Return Awards
A summary of nonvested TSRs is as follows:
Number of
Shares
Weighted Average
Grant Date Fair Value
Nonvested as of December 31, 2024952,481 $35.21 
Granted459,741 59.78 
Vested(507,754)42.99 
Forfeited(60,698)42.65 
Change in payout rate253,877 42.99 
Nonvested as of September 30, 20251,097,647 $43.37 
Schedule of Fair Value of TSRs
The fair value of TSRs granted during the nine months ended September 30, 2025 and 2024, were estimated on the date of grant using the Monte Carlo simulation model, acceptable under ASC 718, Compensation - Stock Compensation, using the following weighted average assumptions:
Nine months ended September 30,
20252024
Expected life (years)2.32.7
Risk-free interest rate4.0 %4.4 %
Expected volatility33.2 %36.8 %
Expected dividend yield— — 
Schedule of Nonvested Restricted Share Unit Awards
A summary of nonvested restricted share unit awards ("RSUs") is as follows:
Number of
Shares
Weighted Average
Grant Date Fair Value
Nonvested as of December 31, 20241,727,524 $29.95 
Granted1,311,794 52.41 
Vested(903,561)33.16 
Forfeited(193,077)37.65 
Nonvested as of September 30, 20251,942,680 $42.88