Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 553

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 2
Chunk 553
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 performance stock units is recognized ratably over the performance period, regardless of the Company’s actual level of achievement against the TSR Goal. As of December 31, 2024, there were 306,939 performance stock units outstanding under the 2023 Equity Plan. The following table summarizes the Company’s performance stock unit activity (in thousands) for the period indicated: 

        Share-Settled Performance Stock Units Outstanding

        Aggregate

        Units

        Intrinsic Value

        Balance as of January 1, 2023

        0

        Granted

        267

        Vested

        0

        $
        0

        Forfeited

        (13
        )

        Balance as of December 31, 2023

        254

        Granted

        60

        Vested

        0

        $
        0

        Forfeited

        (7
        )

        Balance as of December 31, 2024

        307

        Expected to vest as of December 31, 2024

        307

        $
        177,791

       No performance stock units vested during the years ended December 31, 2024 or 2023. For the years ended December 31, 2024 and 2023, the Company recognized approximately $8.4 million and $2.3 million, respectively, in share-based compensation expense from performance stock units granted under the 2023 Equity Plan. As of December 31, 2024, there was approximately $20.1 million of total unrecognized share-based compensation expense related to unvested performance stock units, which the Company expects to recognize over a weighted average vesting period of approximately 2.1 years.

107

Other stock-based awards and cash-settled restricted stock unitsFrom time to time the Company has granted “other stock-based awards” and “cash-settled restricted stock units” under the 2013 Equity Plan. No other stock-based awards or cash-settled restricted stock units were granted in 2024, 2023, or 2022. As of December 31, 2024, there were a total of 3,750 other stock-based awards outstanding and 1,250 cash-settled restricted stock units outstanding, respectively, under the 2013 Equity Plan.Other stock-based awards are similar to stock options, and cash-settled restricted stock units are similar to the Company