Company: PRI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029882
Chunk: 358

Company: Primerica, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 358
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 by any employee who is “retirement eligible” as of his or her termination date. The substantive service conditions in order to be 

101

retirement eligible require that an employee must be at least 55 years old and his or her age plus years of service with the Company must equal at least 75. •RSUs granted to directors have time-based vesting requirements with equal and quarterly graded vesting over four quarters subsequent to the grant date. •In addition, certain directors elected to defer their cash and/or equity retainers into deferred RSUs, which vest immediately (for cash deferrals) or, if applicable, on the dates the RSUs would have vested.All of our outstanding employee and director RSU awards are eligible for dividend equivalents regardless of vesting status.We recognized expense and tax benefit offsets as follows for employee and director RSU share-based compensation (inclusive of discontinued operations):  

        Year ended December 31,

        2024

        2023

        2022

        (In thousands)

        Total equity awards expense recognized
         
        $
        16,733

        $
        11,854

        $
        12,626

        Tax benefit associated with total employee and director   share-based compensation

        2,263

        1,874

        1,642

       The following table summarizes employee and director RSU activity, which excludes director deferred shares, during the years ended December 31, 2024, 2023, and 2022 (inclusive of discontinued operations). 

        Shares

        Weighted-average measurement-date fair value per share

        (Shares in thousands)

        Unvested employee and director RSUs, December 31, 2021

        153

        $
        132.85

        Granted

        113

        117.06

        Forfeited

        (3
        )

        123.38

        Vested

        (90
        )

        129.89

        Unvested employee and director RSUs, December 31, 2022

        173

        131.78

        Granted

        67

        185.71

        Forfeited

        (3
        )

        155.49

        Vested

        (91
        )

        132.72

        Unvested employee and director RSUs, December 31, 2023

        146