Company: ASGN
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000890564-25-000008
Chunk: 80

Company: ASGN Inc
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 80
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 and comprehensive income and was $42.3 million, $44.0 million, and $49.3 million  for the years ended December 31, 2024,  2023, and 2022, respectively.For the year ended December 31, 2024, there was an excess tax shortfall of $0.2 million related to stock-based compensation arrangements.  For the years ended December 31, 2023 and 2022, there were excess tax benefits of $3.2 million and $4.3 million, respectively, related to stock-based compensation arrangements. Restricted Stock Units — The Company issues RSUs with (i) service conditions; and (ii) a combination of service and market and/or performance conditions. RSUs generally vest over one- to four-year periods, and the RSUs that have performance conditions are based on the achievement of specified annual or multi-year financial or other targets. In addition, the Company grants awards to certain executives that include three-year financial performance targets plus a component based on achievement of total shareholder return ("TSR") relative to an objectively selected group of industry peers over a three-year period, with payouts ranging from zero to 200 percent of the target award. 

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The fair value of each RSU is based on the grant-date fair market value of the awards. The fair value of the Company's RSUs, other than the TSR components thereof, were determined on the grant date based on the closing market price for the Company's stock. The fair values of the TSR components of the awards were $11.21, $6.41, and $8.71 per share for the 2024, 2023 and 2022 awards, respectively, determined on the grant date using a Monte Carlo simulation model based on the following assumptions: 202420232022Expected term (years)3.03.03.0Dividend yield— — — Volatility factor32.9 %36.0 %43.9 %Risk-free interest rate4.3 %3.7 %1.8 %Compensation expense for RSUs is determined based on the grant-date fair value of those awards, net of an estimated forfeiture rate. The forfeiture rate estimates the number of awards that will eventually vest and is based on historical vesting patterns. Compensation expense for RSUs with performance conditions based on financial targets are measured on the amount of shares ultimately expected to vest, estimated at each reporting date based on management’s