Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 108

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 108
---
(Tabular dollars in thousands, except per share amounts)

13.    STOCK-BASED COMPENSATION

On May 28, 2025 the Company's stockholders approved the Celsius Holdings, Inc. 2025 Omnibus Incentive Compensation Plan (the "2025 Plan"), which has the objective of attracting and retaining skilled personnel through opportunities to acquire the Company’s common stock. As of June 30, 2025, there were 5.8 million shares of common stock available for issuance under the 2025 Plan. The 2015 Incentive Stock Plan (the "2015 Plan"), which was adopted on April 30, 2015 and expired in 2025, had the objective of attracting and retaining skilled employees, directors, and independent consultants through opportunities to acquire the Company’s common stock. As of June 30, 2025, there were 1.6 million unvested awards under the 2015 Plan and certain vested but unexercised awards remained outstanding. No further awards can be granted under the 2015 Plan.A summary of the Company’s restricted stock units ("RSUs") and PSUs for the six months ended June 30, 2025 and 2024 is presented in the following table:Six Months Ended June 30,20252024RSUs/PSUs (000's)WeightedAverageGrant DateFair ValueRSUs/PSUs (000's)WeightedAverageGrant DateFair ValueUnvested at beginning of period1,021$45.09 1,341$26.43 Granted1,23528.17 30878.54 Vested(308)41.78 (624)22.42 Forfeited and cancelled(54)40.21 (50)33.10 Unvested at end of period1,894$34.72 975$45.06 Performance-based Stock AwardsA summary of PSU awards granted during the six months ended June 30, 2025, is as follows:Grant DateNumber of Shares (000's)Performance PeriodMetricsGrant Date Fair ValueMarch 1, 20251422025-2027Revenue  rTSRRevenue - $25.69rTSR - $36.61May 30, 2025272025-2027Revenue  rTSRRevenue - 37.88rTSR - 62.61During the second quarter of 2025,