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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions of Stock Options

The following table sets forth the weighted-average assumptions used at the respective grant dates to determine the fair values of the Company’s stock option awards granted during the years ended December 31, 2024, 2023 and 2022.

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Risk-free interest rate

 

 

4.45

%

 

 

4.18

%

 

 

1.61

%

Expected term (years)

 

 

6.00

 

 

 

6.00

 

 

 

6.00

 

Volatility

 

 

49.02

%

 

 

55.63

%

 

 

56.71

%

Dividend yield

 

 

3.64

%

 

 

2.87

%

 

 

3.85

%

Fair value per stock option

 

$

10.28

 

 

$

15.36

 

 

$

9.89

 

The following table sets forth the assumptions used at the grant date to determine the fair value of the Company's performance stock option awards granted during the years ended December 31, 2024 and 2023.

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Risk-free interest rate

 

 

4.43

%

 

 

4.13

%

Expected term (years)

 

 

6.09

 

 

 

7.00

 

Volatility

 

 

48.91

%

 

 

56.32

%

Dividend yield

 

 

3.64

%

 

 

2.87

%

Fair value per performance stock option (1)

 

$

10.05

 

 

$

14.97

 

(1)
Represents the weighted-average fair value at each point of projected exercise under the Monte Carlo valuation method.
Schedule of Stock Options Activity

The following table sets forth Chemours’ stock option activity for the years ended December 31, 2024, 2023 and 2022.

 

 

Number of
Shares
(in Thousands)

 

 

Weighted-average Exercise Price
(per Share)

 

 

Weighted-average
Remaining Contractual Term (in Years)

 

 

Aggregate
Intrinsic Value
(in Thousands)

 

Outstanding, December 31, 2021

 

 

6,967

 

 

$

20.32

 

 

 

6.60

 

 

$

101,261

 

Granted

 

 

1,031

 

 

 

25.98

 

 

 

 

 

 

 

Exercised

 

 

(3,041

)

 

 

16.76

 

 

 

 

 

 

 

Forfeited

 

 

(202

)

 

 

21.29

 

 

 

 

 

 

 

Expired

 

 

(87

)

 

 

32.78

 

 

 

 

 

 

 

Outstanding, December 31, 2022

 

 

4,668

 

 

$

23.61

 

 

 

7.08

 

 

$

42,668

 

Granted

 

 

560

 

 

 

34.82

 

 

 

 

 

 

 

Exercised

 

 

(1,153

)

 

 

16.84

 

 

 

 

 

 

 

Forfeited

 

 

(296

)

 

 

29.04

 

 

 

 

 

 

 

Expired

 

 

(169

)

 

 

39.02

 

 

 

 

 

 

 

Outstanding, December 31, 2023

 

 

3,610

 

 

$

26.35

 

 

 

6.51

 

 

$

27,760

 

Granted

 

 

705

 

 

 

27.50

 

 

 

 

 

 

 

Exercised

 

 

(453

)

 

 

18.23

 

 

 

 

 

 

 

Forfeited

 

 

(290

)

 

 

30.01

 

 

 

 

 

 

 

Expired

 

 

(267

)

 

 

40.04

 

 

 

 

 

 

 

Outstanding, December 31, 2024

 

 

3,305

 

 

$

26.28

 

 

 

6.22

 

 

$

3,294

 

Exercisable, December 31, 2024

 

 

2,319

 

 

$

25.27

 

 

 

5.12

 

 

$

3,307

 

 

 

Number of
Shares
(in Thousands)

 

 

Weighted-average Exercise Price
(per Share)

 

 

Weighted-average
Remaining Contractual Term (in Years)

 

 

Aggregate
Intrinsic Value
(in Thousands)

 

Outstanding, December 31, 2022

 

 

 

 

$

 

 

 

 

 

$

 

Granted

 

 

239

 

 

 

38.32

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(64

)

 

 

38.32

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2023

 

 

175

 

 

$

38.32

 

 

 

9.17

 

 

$

 

Granted

 

 

204

 

 

 

30.25

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(97

)

 

 

37.27

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2024

 

 

282

 

 

$

32.85

 

 

 

8.97

 

 

$

 

Exercisable, December 31, 2024

 

 

57

 

 

$

38.32

 

 

 

8.17

 

 

$

 

Schedule of Restricted Stock Units Activity

The following table sets forth non-vested RSUs at December 31, 2024, 2023 and 2022.

 

 

 

Number of Shares
(in Thousands)

 

 

Weighted-average
Grant Date
Fair Value
(per Share)

 

Non-vested, December 31, 2021

 

 

1,159

 

 

$

22.20

 

Granted

 

 

388

 

 

 

28.08

 

Vested

 

 

(473

)

 

 

20.97

 

Forfeited

 

 

(77

)

 

 

21.75

 

Non-vested, December 31, 2022

 

 

997

 

 

$

25.10

 

Granted

 

 

497

 

 

 

33.22

 

Vested

 

 

(391

)

 

 

20.71

 

Forfeited

 

 

(236

)

 

 

18.84

 

Non-vested, December 31, 2023

 

 

867

 

 

$

30.86

 

Granted

 

 

430

 

 

 

25.02

 

Vested

 

 

(343

)

 

 

28.65

 

Forfeited

 

 

(152

)

 

 

32.50

 

Non-vested, December 31, 2024

 

 

802

 

 

$

28.36

 

 

Schedule of Performance Share Units Activity

The following table sets forth non-vested PSUs at 100% of target amounts at December 31, 2024, 2023 and 2022.

 

 

 

Number of Shares
(in Thousands)

 

 

Weighted-average
Grant Date
Fair Value
(per Share)

 

Non-vested, December 31, 2021

 

 

755

 

 

$

26.72

 

Granted

 

 

316

 

 

 

28.77

 

Vested

 

 

(213

)

 

 

43.83

 

Forfeited

 

 

 

 

 

 

Non-vested, December 31, 2022

 

 

858

 

 

$

22.48

 

Granted

 

 

103

 

 

 

40.64

 

Vested

 

 

(410

)

 

 

17.14

 

Forfeited

 

 

(158

)

 

 

30.63

 

Non-vested, December 31, 2023

 

 

393

 

 

$

31.41

 

Granted

 

 

73

 

 

 

32.77

 

Vested

 

 

(103

)

 

 

26.68

 

Forfeited

 

 

(272

)

 

 

32.84

 

Non-vested, December 31, 2024

 

 

91

 

 

$

33.57