Share-Based Compensation (Tables)

3 Months Ended

Nov. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Type and Fair Value of Share-Based Compensation Awards

The following table illustrates the type and fair value of share-based compensation awards granted during the three months ended November 30, 2025 and 2024:


	Three months ended
	November 30, 2025				November 30, 2024
	Number of units granted		Weighted average grant-date fair value per award		Number of units granted		Weighted average grant-date fair value per award
Stock options		51,883	$	35.07		43,011	$	42.19
RSUs		32,557	$	110.21		31,525	$	117.11
PSUs		30,045	$	109.85		28,280	$	133.30

Schedule of Assumptions Used

The following table provides the assumptions used in determining the fair value of the stock options awarded during the three months ended November 30, 2025 and 2024:


	Three months ended November 30,
	2025			2024
Dividend yield		1.3	%		1.2	%
Volatility		32.7	%		36.8	%
Risk-free interest rate		3.6	%		4.1	%
Expected life (years)		5			5

Schedule of Assumptions Used to Estimate Fair Value of TSR Portion of Awards Granted

The fair value of the TSR portion of the awards granted during the three months ended November 30, 2025 and 2024 was estimated at the grant date using a Monte Carlo simulation model which included the following assumptions:


	Three months ended November 30,
	2025			2024
Dividend yield		1.3	%		1.2	%
Volatility		33.2	%		35.2	%
Risk-free interest rate		3.5	%		4.1	%
Expected term (years)		3			3

LINDSAY CORP 10-Q