Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 49

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 basic and diluted shares outstanding because the Company had a net loss for the period. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 1.6 million and 0.8 million for the three months ended June 30, 2025 and 2024, respectively, and 1.2 million and 0.6 million for the six months ended June 30, 2025 and 2024, respectively.

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

13. STOCK-BASED COMPENSATION The Board of Directors adopted, and the Company's stockholders approved, the "TreeHouse Foods, Inc. Equity and Incentive Plan" (the "Plan"). Under the Plan, the Compensation Committee may grant awards of various types of compensation, including stock options, restricted stock, restricted stock units, performance shares, performance units, other types of stock-based awards, and other cash-based compensation. The maximum number of shares authorized to be awarded under the Plan is approximately 22.5 million as of June 30, 2025.Total compensation expense related to stock-based payments and the related income tax benefit recognized in Net loss are as follows:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(In millions)(In millions)Compensation expense related to stock-based payments$4.8 $5.3 $10.4 $11.0 Related income tax benefit1.1 1.2 2.4 2.6 Stock Options — Stock options granted under the Plan during 2022 had a three-year vesting schedule, vested one-third on the second anniversary of the grant date and two-thirds on the third anniversary of the grant date, and expire ten years from the grant date. Stock options are generally only granted to employees and non-employee directors.The following table summarizes stock option activity during 2025:EmployeeOptionsWeightedAverageExercisePriceWeightedAverageRemainingContractualTerm (yrs.)AggregateIntrinsicValue(In thousands)(In millions)Outstanding, at December 31, 2024473 $61.46 4.7$— Expired(60)78.57 Outstanding, at June 30, 2025413 58.97 5.0— Exercisable, at June 30, 2025413