Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 161

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 161
---
 31, 2024, the Company had $149.5 million remaining under share its repurchase authorization.Stock-Based CompensationUnder the 2019 Plan, the Company, upon approval of the Compensation Committee of the Board of Directors, may grant stock options, restricted shares, restricted stock units (both time-based and performance-based) and certain other forms of equity awards, or any combination thereof, to any director, officer, employee or consultant (including any prospective director, officer, employee or consultant) of the Company. Stock options (which have not been awarded since 2015) are granted to employees with an exercise price equal to the market price of the Company’s common stock on the date of grant, generally vest over a three-year or four-year period from the date of grant and typically have a term of 10 years. Time-based restricted stock units granted prior to 2024 to employees generally vest over a four-year period from the date of grant and are generally subject to continued employment with the Company. Beginning in 2024, time-based restricted stock units granted to employees generally vest over a three-year period from the date of grant and are generally subject to continued employment with the Company. Performance-based restricted stock units generally vest over a three-year performance cycle, which includes the year of the grant, and are based upon the Company’s achievement of specified performance metrics. Awards under the 2019 Plan to non-employee directors have historically been in the form of restricted stock units, which vest annually, starting on the grant date. As of December 31, 2024, the Company had 1.8 million common shares available for issuance under the 2019 Plan.The following table summarizes the activities related to the Company's stock options: 

        (in thousands, except per share data and years)
         
        Number ofOptions

        Weighted-AverageExercisePrice

        Weighted-AverageRemainingContractualTerm (Years)

        AggregateIntrinsicValue

        Outstanding as of December 31, 2021

        132

        $
        20.06

        Exercised

        (53
        )

        17.16

        Forfeited or expired

        (22
        )

        22.36

        Outstanding as of December 31, 2022

        57

        $
        21.85

        Exercised

        (17
        )

        19.52

        Forfeited or expired

        (3