Share-Based Compensation

9 Months Ended

Sep. 30, 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 September 30, 2024, there were 568,648 shares available for future grant under the 2017 Plan.

The following table summarizes share-based compensation expense:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in thousands)	2024			2023			2024			2023
Performance-based restricted stock units	$	1,476		$	845		$	3,879		$	2,486
Restricted stock awards and restricted stock units		2,129			1,540			6,154			4,864
Stock options		109			350			467			1,297
Share-based compensation expense before income tax		3,714			2,735			10,500			8,647
Income tax benefit (1)		(87	)		(34	)		(237	)		(100	)
Share-based compensation expense, net of income tax	$	3,627		$	2,701		$	10,263		$	8,547

We do not record a tax benefit on the expense in the United States where we have a valuation allowance.