Stockholders' Equity (Tables)
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12 Months Ended |
Jun. 30, 2025 |
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| Equity [Abstract] |
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| Schedule of Estimated Grant Date Fair Value of Stock Options |
The weighted-averages for key assumptions used in determining the fair value of options granted were as follows:
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Year Ended June 30, |
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2025 |
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2024 |
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2023 |
Average volatility |
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50.07% |
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n/a (1) |
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47.96% |
Risk-free interest rate |
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4.01% |
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n/a (1) |
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3.76% |
Weighted-average expected life in years |
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6.6 |
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n/a (1) |
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6.0 |
Dividend yield rate annual |
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3.15% |
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n/a (1) |
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2.10% |
(1)Not applicable; no employee stock options were issued.
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| Summary of Stock Option Activity |
The following table summarizes stock option activity:
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Options |
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Weighted-Average Exercise Price Per Share |
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Aggregate
Intrinsic Value
(in thousands) |
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Weighted-Average Grant Date Fair Value Per Award (1) |
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Fiscal 2023 |
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Outstanding at June 30, 2022 |
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1,779,460 |
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$ |
7.84 |
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$ |
43,433 |
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$ |
3.51 |
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Granted |
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|
10,000 |
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$ |
39.69 |
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$ |
— |
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(1) |
$ |
16.56 |
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Exercised |
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(343,200 |
) |
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$ |
6.68 |
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$ |
8,562 |
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$ |
3.57 |
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Outstanding at June 30, 2023 |
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1,446,260 |
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$ |
7.11 |
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$ |
43,882 |
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$ |
3.58 |
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Exercisable at June 30, 2023 |
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1,175,591 |
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$ |
5.02 |
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$ |
38,505 |
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$ |
2.53 |
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Fiscal 2024 |
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Outstanding at June 30, 2023 |
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1,446,260 |
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$ |
7.11 |
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$ |
43,882 |
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$ |
3.58 |
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Exercises |
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(287,730 |
) |
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$ |
7.17 |
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$ |
7,720 |
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$ |
3.82 |
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Outstanding at June 30, 2024 |
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1,158,530 |
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$ |
7.10 |
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$ |
29,354 |
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$ |
3.53 |
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Exercisable at June 30, 2024 |
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1,116,866 |
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$ |
6.60 |
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$ |
28,822 |
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$ |
3.32 |
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Fiscal 2025 |
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Outstanding at June 30, 2024 |
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1,158,530 |
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$ |
7.10 |
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$ |
29,354 |
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$ |
3.53 |
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Grants |
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255,000 |
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$ |
25.43 |
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$ |
— |
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$ |
10.22 |
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Exercises |
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(235,668 |
) |
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$ |
14.03 |
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$ |
6,909 |
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$ |
6.47 |
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Outstanding at June 30, 2025 |
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1,177,862 |
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$ |
9.68 |
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$ |
15,728 |
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$ |
4.39 |
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Exercisable at June 30, 2025 |
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934,529 |
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$ |
5.60 |
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$ |
15,728 |
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$ |
2.88 |
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(1)The Company issued the options with an exercise price per share not less than the closing market price of common stock on the grant date.
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| Summary of Information about Stock Option |
The following table summarizes information about stock options as of June 30, 2025:
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Exercise Price Ranges |
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Options Outstanding |
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Options Exercisable |
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From |
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To |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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Weighted-Average Exercise Price |
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Number of
Underlying
Shares |
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Weighted-Average Remaining Contractual Life
(Years) |
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|
Weighted-Average Exercise Price |
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$ |
— |
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$ |
5.00 |
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554,862 |
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4.18 |
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$ |
1.94 |
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554,862 |
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4.18 |
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$ |
1.94 |
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$ |
5.01 |
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$ |
7.50 |
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15,000 |
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1.28 |
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$ |
6.33 |
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15,000 |
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1.28 |
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$ |
6.33 |
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$ |
7.51 |
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$ |
12.50 |
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301,000 |
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0.64 |
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$ |
8.96 |
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301,000 |
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0.64 |
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$ |
8.96 |
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$ |
12.51 |
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$ |
30.00 |
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297,000 |
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9.15 |
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$ |
24.03 |
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53,667 |
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6.43 |
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$ |
18.05 |
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$ |
30.01 |
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$ |
50.00 |
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10,000 |
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7.60 |
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$ |
39.69 |
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10,000 |
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7.60 |
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$ |
39.69 |
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1,177,862 |
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4.52 |
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$ |
9.68 |
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934,529 |
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3.16 |
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$ |
5.60 |
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| Summary of Nonvested Stock Option Activity |
The following table summarizes nonvested stock option activity:
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Options |
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Weighted-Average Grant Date Fair Value Per Award |
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Nonvested outstanding at June 30, 2024 |
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41,664 |
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$ |
9.23 |
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Granted |
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255,000 |
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$ |
10.22 |
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Vested |
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(53,331 |
) |
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$ |
9.63 |
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Nonvested outstanding at June 30, 2025 |
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243,333 |
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$ |
10.17 |
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| Summary of Restricted Stock Unit Activity |
The following table summarizes RSU activity:
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Awards
Outstanding |
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Weighted-Average Fair Value per Unit at Grant Date |
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Fiscal 2023 |
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Nonvested outstanding at June 30, 2022 |
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56,093 |
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$ |
32.58 |
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Granted |
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35,269 |
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$ |
32.90 |
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Vested & delivered |
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(17,599 |
) |
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$ |
32.34 |
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Vested & deferred (1) |
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(10,176 |
) |
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$ |
35.36 |
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Nonvested outstanding at June 30, 2023 |
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63,587 |
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$ |
32.37 |
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Vested but subject to deferred settlement at June 30, 2023 (1) |
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29,370 |
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$ |
24.50 |
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Outstanding at June 30, 2023 |
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92,957 |
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$ |
29.89 |
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Fiscal 2024 |
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Nonvested outstanding at June 30, 2023 |
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63,587 |
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$ |
32.37 |
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Granted |
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38,135 |
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$ |
28.18 |
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Vested & delivered |
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(24,696 |
) |
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$ |
31.69 |
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Vested & deferred (1) |
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(12,577 |
) |
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$ |
29.69 |
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Forfeited |
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(3,132 |
) |
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$ |
36.19 |
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Nonvested outstanding at June 30, 2024 |
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61,317 |
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$ |
30.61 |
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Vested but subject to deferred settlement at June 30, 2024 (1) |
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41,947 |
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$ |
26.06 |
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Outstanding at June 30, 2024 |
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103,264 |
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$ |
28.76 |
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Fiscal 2025 |
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Nonvested outstanding at June 30, 2024 |
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61,317 |
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$ |
30.61 |
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Granted |
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60,235 |
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$ |
24.31 |
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Vested & delivered |
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(23,093 |
) |
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$ |
23.64 |
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Vested & deferred (1) |
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(14,203 |
) |
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$ |
28.90 |
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Forfeited |
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(1,566 |
) |
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$ |
36.19 |
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Nonvested outstanding at June 30, 2025 (2) |
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82,690 |
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$ |
26.59 |
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Vested but subject to deferred settlement at June 30, 2025 (1) |
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56,150 |
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$ |
26.78 |
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Outstanding at June 30, 2025 (2) |
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138,840 |
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$ |
26.67 |
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(1)Certain RSU holders elected to defer settlement of the RSUs to a specified date. The DSU holder is contractually obligated to defer settlement of the DSUs to a specified date following the holder’s termination of service.
(2)
Includes 3,133 RSUs that vest based on continuous employment and achievement of non-market performance goals through June 30, 2026.
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