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Share-based compensation (Tables)

12 Months Ended

Jan. 28, 2023

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-Based Compensation Expense and Associated Tax Benefits

Share-based compensation expense and the associated tax benefits recognized in the consolidated statements of operations are as follows:

(in millions)			Fiscal 2023						Fiscal 2022						Fiscal 2021
Share-based compensation expense			$	42.0					$	45.8					$	14.5
Income tax benefit			$	(5.2)					$	(5.9)					$	(3.6)

Schedule of Unrecognized Compensation Cost Related to Outstanding Awards

As of January 28, 2023, unrecognized compensation cost related to unvested awards granted under share-based compensation plans is as follows:

(in millions)			Unrecognized Compensation Cost						Weighted average period
Omnibus Plan			$	33.7					1.7 years
Total			$	33.7

Omnibus Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Significant Assumptions Utilized to Estimate Weighted-Average Fair Value of Awards Granted

The significant assumptions utilized to estimate the weighted-average fair value of RSAs, Common Shares, RSUs, and PSUs granted under the Omnibus Plans are as follows:

			Omnibus Plan
			Fiscal 2023						Fiscal 2022						Fiscal 2021
Share price			$	77.39					$	60.65					$	11.10
Expected term			2.9 years						2.9 years						2.9 years
Dividend yield			3.0		%				4.3		%				5.5		%
Fair value			$	71.19					$	53.58					$	9.37

Schedule of Activity for Awards Granted Under the Plan

The Fiscal 2023 activity for Common Shares, RSAs, RSUs and PSUs granted under the Omnibus Plans is as follows:

			Omnibus Plans
(in millions, except per share amounts)			No. of shares						Weighted average grant date fair value						Weighted average remaining contractual life						Intrinsic value (1)
Outstanding at January 29, 2022			4.3						$	22.28					1.1 years						$	369.3
Fiscal 2023 activity:
Granted			0.9						71.66
Vested (2)			(2.8)						15.96
Lapsed or forfeited			(0.1)						44.02
Outstanding at January 28, 2023			2.3						$	47.33					1.2 years						$	170.0

(1)    Intrinsic value for outstanding RSUs and PSUs is based on the fair market value of Signet’s common stock on the last business day of the fiscal year. No RSAs remain outstanding as of January 28, 2023.

(2)    This amount includes 1.0 million PSUs that vested on January 28, 2023; however, these shares were not released to participants until February 2023.

The Fiscal 2023 activity for stock options granted under the Omnibus Plans is as follows:

			Omnibus Plans
(in millions, except per share amounts)			No. of shares						Weighted average exercise price						Weighted average remaining contractual life						Intrinsic value (1)
Outstanding at January 29, 2022			0.2						$	38.70					6.3 years						$	8.9
Outstanding at January 28, 2023			0.2						$	38.68					5.3 years						$	5.9

(1)    Intrinsic value for outstanding awards is based on the fair market value of Signet’s common stock on the last business day of the fiscal year.

Schedule of Additional Information about Awards Granted

The following table summarizes additional information about awards granted under the Omnibus Plans:

(in millions)			Fiscal 2023						Fiscal 2022						Fiscal 2021
Total intrinsic value of awards vested			$	205.1					$	76.6					$	5.0

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