Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 49

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 49
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, and 2022 was $13.6 million, $19.9 million, and $20.5 million, respectively.Restricted Stock Units, Performance-Based Stock Units, and Market-Based AwardsRSUs, PSUs, and market-based awards are awards in the form of phantom shares or units denominated in a hypothetical equivalent number of shares of Match Group common stock. For market-based awards, the grant date fair value was estimated using a lattice model that incorporates a Monte Carlo simulation of the Company’s total shareholder return relative to companies within the Nasdaq 100 Index or Nasdaq composite index over various performance periods. Each RSU, PSU, and market-based award is subject to service-based vesting, where a specific period of continued employment must pass before an award vests. PSUs also include performance-based vesting conditions where certain performance targets set at the time of grant must be achieved before an award vests. The number of market-based awards that ultimately vest is based on the Company’s market performance relative to certain other publicly-traded companies. For RSU awards, the expense is measured at the grant date as the fair value of Match Group common stock and expensed as stock-based compensation over the vesting term. For PSU awards, the expense is measured at the grant date as the fair value of Match Group common stock and expensed as stock-based compensation over the vesting term if the performance targets are considered probable of being achieved.

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Table of ContentsMATCH GROUP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Unvested RSUs, PSUs, and market-based awards outstanding at December 31, 2024 and changes during the year ended December 31, 2024 are as follows: RSUsPSUsMarket-based awards Number of sharesWeighted Average Grant Date Fair ValueNumber of shares(a)Weighted Average Grant Date Fair ValueNumber of shares(a)Weighted Average Grant Date Fair Value (Shares in thousands)Unvested at January 1, 20247,332 $61.79 2,147 $45.58 2,352 $94.67 Granted6,487 35.74 118 38.13 1,276 44.69 Vested(3,670)65.36 (241)41.49 — — Forfeited(1,372)48.47 (570)56.64 (