Share-Based Compensation

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Note 3. Share-Based Compensation

We grant share-based compensation awards to our officers, directors, and certain key employees pursuant to the 2017 Viad Corp Omnibus Incentive Plan, as amended (the “2017 Plan”). The 2017 Plan has a 10-year term and provides for the following types of awards: (a) incentive and non-qualified stock options; (b) restricted stock awards and restricted stock units; (c) performance units or performance shares; (d) stock appreciation rights; (e) cash-based awards; and (f) certain other stock-based awards. As of March 31, 2024, there were 576,680 shares available for future grant under the 2017 Plan.

The following table summarizes share-based compensation expense:


	Three Months Ended
	March 31,
(in thousands)	2024			2023
Performance-based restricted stock units	$	942		$	822
Restricted stock awards and restricted stock units		1,915			1,643
Stock options		250			600
Share-based compensation expense before income tax		3,107			3,065
Income tax benefit(1)		(76	)		(22	)
Share-based compensation expense, net of income tax	$	3,031		$	3,043

(1)

The income tax benefit amount for all periods primarily reflects the tax benefit associated with our Canadian-based employees.