Company: PRSU
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040127
Chunk: 66

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 66
---
368

        $
        35.24

      Stock OptionsWe grant non-qualified stock options that are performance-based, as well as non-qualified stock options that are service-based. The performance-based awards are recognized on a straight-line basis over the respective performance period, and the underlying shares expected to be settled are adjusted each reporting period based on estimated future achievement of the respective performance metrics. The service-based awards are recognized on a straight-line basis over the requisite service period on a graded-vesting schedule ranging from one to three years. We did not grant any stock options during 2024 or 2023.The following table summarizes stock options outstanding and exercisable as of December 31, 2024: 

        Options Outstanding

        Options Exercisable

        Range of exercise prices
         
        Shares

        Weighted-AverageRemaining Contractual Life (in years)

        Weighted-AverageExercise Price

        Shares

        Weighted-AverageExercise Price

        $21.85

        54,150

        0.24

        $
        21.85

        54,150

        $
        21.85

        $33.96

        233,970

        3.33

        $
        33.96

        172,243

        $
        33.96

        $44.80

        137,858

        2.68

        $
        44.80

        137,858

        $
        44.80

        $21.85 - $44.80

        425,978

        2.73

        $
        35.93

        364,251

        $
        36.26

      The aggregate intrinsic value of stock options outstanding at December 31, 2024 was $3.1 million, which represents the difference between our closing stock price at the end of the reporting period and the exercise price, multiplied by the number of in-the-money stock options. The aggregate intrinsic value of options exercisable at December 31, 2024 was $2.6 million.As of December 31, 2024 and 2023, the total unrecognized compensation cost related to non-vested stock option awards was $0.1 million and $0.6 million, respectively. We expect to recognize such costs over a weighted-average period of approximately 0.2 years. 

43

PURSUIT ATTRA