Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 350

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 350
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 the volatility of our common stock at the date of grant based on the historical volatility of our common stock, based on the average expected exercise term.  The table below summarizes the total time-based stock options granted, total valuation and the weighted-average assumptions (dollars and shares in thousands, except per option amounts): Year ended December 31, 2022Number of time-based options granted7,620 Grant-date fair value of options granted$540 Weighted-average assumptions for stock option valuation:Expected term (years)5.5Expected stock price volatility36.0 %Risk-free interest rate3.0 %Expected dividend yield— %Weighted-average grant-price per option$185.79 Weighted-average grant-date fair value per option$70.86 There were no stock options granted during the years ended December 31, 2024 and 2023.

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ICU MEDICAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

A summary of our stock option activity as of and for the year ended December 31, 2024 is as follows: SharesWeighted-Average Exercise Price Per ShareWeighted-Average Contractual Life (Years)Aggregate Intrinsic Value (in thousands)Outstanding at December 31, 2023459,828 $82.95 Granted— $— Exercised(351,688)$66.61 Forfeited or expired— $— Outstanding at December 31, 2024108,140 $136.12 2.21$3,963 Exercisable at December 31, 2024108,140 $136.12 2.21$3,963 Vested and expected to vest, December 31, 2024108,140 $136.12 2.21$3,963     The intrinsic values for options exercisable, outstanding and vested or expected to vest at December 31, 2024 are based on our closing stock price of $155.17 at December 31, 2024 and are before applicable taxes.    The following table presents information regarding stock option activity (in thousands): Year ended December 31,202420232022Intrinsic value of options exercised$18,651 $8,441 $17,340 Cash received from exercise of stock options$10,939 $4