Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 104

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 104
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 of Year, unvested29,314 575.33 For the share awards outstanding at December 31, 2024, the aforementioned restriction is expected to lapse in 2025 for 12,769 shares and 2027 for 16,545 shares. Also, early in 2025, the Company issued stock awards of 11,386 shares. Stock-based compensation costs resulting from Company stock awards were $4.0 million, $3.9 million and $3.4 million in 2024, 2023 and 2022, respectively.As of December 31, 2024, there was $5.0 million of total unrecognized compensation expense related to these awards. That cost is expected to be recognized on a straight-line basis over a weighted average period of 1.1 years.Stock Options.  Stock options granted under the incentive compensation plans cannot be less than the fair value on the grant date, generally vest over six years and have a maximum term of 10 years.Activity related to options outstanding for the year ended December 31, 2024 was as follows: Number of SharesAverage Option PriceBeginning of year175,045 $622.80 Granted— — Exercised(77,258)719.15 Expired or forfeited— — End of Year97,787 546.68 Of the shares covered by options outstanding at the end of 2024, 72,033 are now exercisable; 12,877 are expected to become exercisable in 2025; and 12,877 are expected to become exercisable in 2026. For each of 2024, 2023 and 2022, the Company recorded expense of $1.2 million related to stock options. Information related to stock options outstanding and exercisable at December 31, 2024, is as follows: Options OutstandingOptions ExercisableRange of Exercise PricesShares Outstanding at 12/31/2024Weighted Average Remaining Contractual Life (years)Weighted Average ExercisePriceShares Exercisable at 12/31/2024Weighted Average Remaining Contractual Life (years)Weighted Average ExercisePrice$42771,045 5.7426.86 45,291 5.7426.86 805–87226,742 1.0865.02 26,742 1.0865.02  97,787 4.4546.