Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 41

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 equivalent to the expected term of the award. The expected term is the time period from the grant date to the end of the performance period. The fair value of the portion of the awards based on relative TSR was valued using a Monte Carlo simulation model with a grant-date fair value of $38.26 on approximately 32,900 units granted in 2025. The assumptions used in the Monte Carlo simulation were as follows:Three Months EndedMarch 31,2025Dividend yield0 %Risk-free rate4.01 %Expected volatility (TreeHouse Foods, Inc.)33.68 %Expected volatility (Peer Group)36.45 %Expected term (in years)2.84The following table summarizes the performance unit activity during the three months ended March 31, 2025:PerformanceUnitsWeightedAverageGrant DateFair Value (In thousands) Nonvested, at December 31, 2024378 $36.44 Granted242 31.81 Vested(92)33.14 Forfeited(63)33.28 Nonvested, at March 31, 2025465 35.06  

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TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 Three Months EndedMarch 31, 20252024 (In millions)Fair value of vested performance units$2.4 $1.7 Tax benefit recognized from performance units vested0.1 0.1 Unrecognized compensation costs related to nonvested performance units are estimated to be approximately $11.0 million as of March 31, 2025 and are expected to be recognized over a weighted average period of 2.1 years. The fair value of the portion of the awards granted based on market conditions were valued using a Monte Carlo simulation model. For other awards, the grant date fair value is equal to the Company's closing stock price on the date of grant.

14. ACCUMULATED OTHER COMPREHENSIVE LOSS  Accumulated other comprehensive loss consists of the following components, all of which are net of tax: ForeignCurrencyTranslation (1)UnrecognizedPension andPostretirementBenefits (1)AccumulatedOtherComprehensiveLoss (In millions)Balance at December 31, 2023$(84.2)$8.1 $(76.1)Other comprehensive loss(2.6)— (2