Company: ASGN
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000890564-25-000008
Chunk: 82

Company: ASGN Inc
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 82
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 423. Eligible employees may contribute up to a certain percentage set by the plan administrator of their eligible earnings toward the purchase of the stock (subject to certain IRS limitations). As of December 31, 2024, there were 0.4 million shares available for issuance under the ESPP.

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Shares of common stock are transferred to participating employees at the conclusion of each six-month offering period, which ends on the last business day of the month in March and September each year. Compensation expense is measured using a Black-Scholes valuation model. The fair values of the options granted under the ESPP were estimated using the Black-Scholes valuation model at the date of grant based on the following assumptions:  Year Ended December 31, 202420232022Expected term (years)0.50.50.5Dividend yield— — — Expected volatility27.3 - 29.8%38.1 - 38.7%27.8 - 32.4%Weighted-average risk-free interest rate5.1 - 5.3%3.8 - 4.7%0.1 - 1.0%Average Black-Scholes valuation per share$21.27 $23.01 $27.60 Shares issued (millions)0.2 0.3 0.2 Stock-based compensation expense (millions)$4.8 $6.1 $6.2 Deferred Compensation Plan — The Company’s Deferred Compensation Plan, which became effective on June 1, 2017 and has been amended from time to time (the "DCP"), allows for eligible management and highly-compensated key employees to elect to defer a portion of their compensation to later years. These deferrals are subject to investment risk and a risk of forfeiture under certain circumstances. Participants may choose from various investment options representing a broad range of asset classes. The Company’s deferred compensation plan liability was $17.8 million and $16.6 million at December 31, 2024 and 2023, respectively, which was primarily included in other long-term liabilities in the accompanying consolidated balance sheets. The Company established a rabbi trust to fund the DCP, which is primarily comprised of mutual funds measured at fair value using the net asset value practical expedient, and approximates the deferred compensation plan liability balances.

Employee Defined Contribution Plans — The Company maintains various 401(k) retirement savings plans for the benefit of