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Note 2 - Stock Compensation
 6 Months Ended
Apr. 30, 2025
Stock Compensation  
Stock Compensation

2.

Stock Compensation

 

During the first quarter of fiscal 2025, the Board of Directors (the "Board") approved certain grants under a new Long-Term Incentive Program (the "2025 LTIP") that contain performance-based vesting conditions. The performance period for the 2025 LTIP commenced on November 1, 2024 and will end on October 31, 2027. At the end of the performance period, 100% of the awards, if any, are payable in shares of Company stock, subject to a mandatory two-year post-vesting hold period.

 

For the three and six months ended April 30, 2025, stock-based compensation expense was $4.2 million ($3.1 million net of tax) and $7.9 million ($5.7 million net of tax), respectively. For the three and six months ended April 30, 2024, stock-based compensation expense was $6.9 million ($5.1 million net of tax) and $11.0 million ($8.1 million net of tax), respectively.