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Share-Based Compensation Plans | 6 Months Ended
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Aug. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation Plans | Note 6 - Share-Based Compensation Plans As part of our compensation structure, we grant share-based compensation awards to certain employees and non-employee members of our Board of Directors during the fiscal year. These awards may be subject to attainment of certain service conditions, performance conditions and/or market conditions. In connection with our annual grant during the first quarter of fiscal 2026, we granted 272,909 service condition awards (“Service Condition Awards”) with a weighted average grant date fair value of $53.28. Additionally, we granted 320,027 performance-based awards during the first quarter of fiscal 2026, of which 191,946 contained performance conditions (“Performance Condition Awards”) and 128,081 contained market conditions (“Market Condition Awards”), with weighted average grant date fair values of $53.28 and $37.24, respectively. Refer to our Form 10-K for further information on the Company’s share-based compensation plans. The Helen of Troy Limited 2018 Stock Incentive Plan (“2018 Plan”) became effective on August 22, 2018. On August 20, 2025, our shareholders approved the 2025 Stock Incentive Plan (the “2025 Plan”) which replaced the 2018 Plan. As a result, the 2018 Plan terminated on August 20, 2025, but will continue to apply to awards granted under the 2018 Plan before such date. The 2025 Plan permits the granting of stock options, stock appreciation rights, restricted stock, restricted stock units and other stock-based awards. As of August 20, 2025, the 2025 Plan had 1,155,478 shares available for future issuance, including shares which remained available for issuance under the 2018 Plan immediately prior to August 20, 2025. There were no grants or issuances from the 2025 Plan during the second quarter of fiscal 2026. We recorded share-based compensation expense in SG&A as follows:
| Three Months Ended August 31, |  | Six Months Ended August 31,
(in thousands) | 2025 |  | 2024 |  | 2025 (1) |  | 2024
Directors’ stock compensation | $ | 196 |  |  | $ | 196 |  |  | $ | 392 |  |  | $ | 392 |
Service Condition Awards | 6,627 |  |  | 2,826 |  |  | 10,568 |  |  | 5,394 |
Performance Condition Awards | 1,664 |  |  | 1,093 |  |  | (2,862) |  |  | 2,140 |
Market Condition Awards | 885 |  |  | 1,372 |  |  | 1,009 |  |  | 2,767 |
Employee stock purchase plan | — |  |  | — |  |  | 561 |  |  | 627 |
Share-based compensation expense | 9,372 |  |  | 5,487 |  |  | 9,668 |  |  | 11,320 |
Less: income tax benefits | (445) |  |  | (221) |  |  | (602) |  |  | (485) |
Share-based compensation expense, net of income tax benefits | $ | 8,927 |  |  | $ | 5,266 |  |  | $ | 9,066 |  |  | $ | 10,835 |
(1)Share-based compensation expense during the six months ended August 31, 2025 includes a benefit for Performance Condition Awards, as a result of a change in estimate from target achievement to zero percent achievement for Performance Condition Awards granted during fiscal 2024. Unrecognized Share-Based Compensation Expense As of August 31, 2025, our total unrecognized share-based compensation for all awards was $26.6 million, which will be recognized over a weighted average amortization period of 2.1 years. The total unrecognized share-based compensation reflects an estimate of target achievement for Performance Condition Awards granted during fiscal 2026 and fiscal 2025 and an estimate of zero percent of target achievement for Performance Condition Awards granted during fiscal 2024.

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