Share-Based Compensation

3 Months Ended

Mar. 31, 2025

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 Pursuit Attractions and Hospitality, Inc. 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, 2025, there were 699,397 shares available for future grant under the 2017 Plan.

The following table summarizes share-based compensation expense:


	Three Months Ended
	March 31,
(in thousands)	2025			2024
Performance-based restricted stock units	$	1,054		$	799
Restricted stock awards and restricted stock units		1,331			1,304
Stock options		51			199
Share-based compensation expense before income tax		2,436			2,302
Income tax benefit (1)		(39	)		(39	)
Share-based compensation expense, net of income tax	$	2,397		$	2,263

(1)

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