STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

Stock-based compensation expense and the associated tax benefits impacting our Consolidated Statements of Income (Loss) were as follows:


	Year Ended December 31,
(In thousands)	2025		2024		2023
Compensation costs for equity-based awards	$	11,924	$	15,383	$	31,456
Compensation costs for other awards	—		586		1,387
Total compensation costs, pre-tax	$	11,924	$	15,969	$	32,843
Future tax benefit	$	2,757	$	3,710	$	7,685

A summary of the status of our NQOs as of December 31, 2025, 2024 and 2023 and changes during the years then ended is presented below:



	2025			2024			2023
(In thousands, except per share data)	Shares	Weighted Average Exercise Price Per Share		Shares	Weighted Average Exercise Price Per Share		Shares	Weighted Average Exercise Price Per Share
Outstanding at January 1,	34	$	22.43	40	$	22.93	42	$	22.86

Exercised	(24)	$	22.96	(6)	$	25.90	(2)	$	20.62

Outstanding and exercisable at December 31,	10	$	21.19	34	$	22.43	40	$	22.93

The following table summarizes information about NQOs outstanding and exercisable as of December 31, 2025:


(In thousands, except per share data)	Options Outstanding and Exercisable
Range of Exercise Prices Per Share	Number	Weighted Average Remaining Contractual Life (In Years)	Weighted Average Exercise Price Per Share		Aggregate Intrinsic Value
$20.06 - $21.98	10	0.76	$	21.19	$	345

Total options and aggregate intrinsic value	10	0.76	$	21.19	$	345

The table below provides a roll-forward of outstanding RSUs for the years ended December 31, 2025, 2024 and 2023.


	Year Ended December 31,
	2025			2024			2023
(In thousands, except per share data)	Shares	Weighted Average Grant Date Fair Value Per Share		Shares	Weighted Average Grant Date Fair Value Per Share		Shares	Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1,	436	$	43.11	800	$	37.29	1,628	$	35.47
Granted	264	$	49.28	317	$	45.58	318	$	40.50

Vested	(216)	$	42.18	(549)	$	37.35	(1,136)	$	43.07


Forfeited or canceled	(76)	$	46.54	(132)	$	42.62	(10)	$	42.81
Outstanding at December 31,	408	$	46.96	436	$	43.11	800	$	37.29

The table below provides a roll-forward of outstanding PSUs for the years ended December 31, 2025, 2024 and 2023.




	2025			2024			2023
(In thousands, except per share data)	Shares	Weighted Average Grant Date Fair Value Per Share		Shares	Weighted Average Grant Date Fair Value Per Share		Shares	Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1,	258	$	43.98	267	$	43.45	—	$	—
Granted	139	$	53.66	161	$	45.44	279	$	40.41




Forfeited or canceled	(29)	$	33.53	(170)	$	36.27	(12)	$	51.38
Outstanding at December 31,	368	$	48.48	258	$	43.98	267	$	43.45

V2X, Inc. 10-K