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Equity Compensation Plans (Tables)

9 Months Ended

Feb. 28, 2022

Summary of Stock Option Activity

A summary of stock option activity during the nine months ended February 28, 2022 follows:

						Weighted-
						Average
(Options in thousands)		Shares				Exercise Price
Options outstanding June 1, 2021			2,957			$	30.38
Granted			393				40.93
Exercised			(276	)			22.69
Forfeited			(27	)			31.18
Options outstanding February 28, 2022			3,047			$	32.43

Summary of Fair Value of Stock Options Granted Estimated Weighted-Average Assumptions

The fair value of stock options granted was estimated using the following weighted-average assumptions.

		FY 2022		FY 2021
Risk-free interest rate		0.4%		0.2%
Expected dividend yield		0.0%		0.0%
Expected stock price volatility		32.8%		31.3%
Expected option life		3.12 years		3.25 years

Restricted Stock Units (RSUs) [Member]

Schedule of Nonvested Restricted Stock Units Activity

						Weighted-
						Average
(Options in thousands)		Shares				Fair Value
RSUs outstanding June 1, 2021			121			$	34.21
Granted			120				40.91
Released			(25	)			34.24
Forfeited			(4	)			35.61
RSUs outstanding February 28, 2022			212			$	37.98

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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