Equity Incentive Program (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes the stock-based compensation expense recognized by the Company for the periods presented:


	Three Months Ended March 31,
(in millions)	2026		2025
Total pre-tax stock-based compensation expense	$	10.4	$	10.2
Tax benefit	6.9		3.1
Total stock-based compensation expense, net of tax	$	3.5	$	7.1

No stock options were granted during the three months ended March 31, 2026 and 2025.

The following table summarizes the Company's stock option activity for the three months ended March 31, 2026:


	Number of Shares	Weighted-Average Exercise Price		Aggregate Intrinsic Value (in millions)		Weighted-Average Remaining Contractual Term (Years)
Outstanding at December 31, 2025	413,659	$	18.20


Exercised (1)	(186,317)	19.36

Expired	(1)	16.07
Outstanding at March 31, 2026	227,341	$	17.25	$	1.9	1.0

Exercisable at March 31, 2026	227,341	$	17.25	$	1.9	1.0

The following table summarizes the Company's restricted stock unit ("RSU") activity for the three months ended March 31, 2026:


	Share units	Weighted-average grant date fair value
Unvested at December 31, 2025	1,911,526	$	17.76
Granted	640,383	27.14

Vested (1)	(798,192)	17.94
Forfeited	(10,250)	21.14
Unvested at March 31, 2026	1,743,467	$	21.11

(1) The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy statutory tax withholding requirements.

The following table summarizes the Company's PSU activity for the three months ended March 31, 2026:


	Share units (1)	Weighted-average grant date fair value
Unvested at December 31, 2025	1,076,268	$	25.36
Granted	286,293	42.43

Vested (2)	(256,415)	29.75

Unvested at March 31, 2026	1,106,146	$	28.76

(1) The number of PSUs shown reflects 100% of the target award; actual payouts may differ based on performance.

(2) The number of PSUs vested includes shares that the Company withheld on behalf of employees to satisfy statutory tax withholding requirements.