Share-Based Compensation

3 Months Ended

Dec. 31, 2025


	Three Months Ended December 31,
		2025		2024
Share-based compensation costs		$	4.7	$	4.7
Less impact of income taxes		1.1		1.1
Share-based compensation costs, net of tax		$	3.6	$	3.6

The Company has share-based compensation with long-term performance-based metrics that are contingent upon the Company’s relative total shareholder return and the creation of shareholder value, as well as time-based awards. Relative total shareholder return is determined by comparing the Company’s total shareholder return during a three-year period to the respective total shareholder returns of companies in a designated stock index. Creation of shareholder value is measured by the cumulative cash returns and final period net operating profit after tax compared to the established hurdle rate over a three-year period. For the performance-based awards contingent upon the creation of shareholder value, compensation expense is adjusted each quarter based upon actual results to date and any changes to forecasted information on each of the separate grants.

During the three months ended December 31, 2025, the Company made the following grants:


			Number of Units
Time-based stock awards			642,170

The Company’s time-based stock awards granted during the three months ended December 31, 2025, had weighted-average grant date fair values of $31.61. These units will be expensed on a straight-line basis over the vesting period.