Company: PRSU
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040127
Chunk: 65

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 65
---
4

        272,641

        $
        46.23

      (1)Includes adjustments for estimated achievement of performance-based criteria.

42

PURSUIT ATTRACTIONS AND HOSPITALITY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

Service-based Restricted Stock Awards and Restricted Stock UnitsRestricted stock awards and restricted stock units are service-based awards. We account for restricted stock awards and restricted stock units that will be settled in shares of our common stock as equity-based awards. We measure share-based compensation expense of equity-based awards at fair value on the grant date on a straight-line basis over the vesting period.As of December 31, 2024, the unamortized cost of outstanding equity-based restricted stock units was $4.9 million, which we expect to recognize over a weighted-average period of approximately 1.1 years. We withheld 125,200 shares for $5.1 million during 2024, 48,039 shares for $1.5 million during 2023, and 43,887 shares for $1.4 million during 2022 related to tax withholding requirements on vested share-based awards. We no longer have liability-based restricted stock units. In 2023, 2,260 liability-based restricted stock units vested, and we paid $0.1 million in cash, and in 2022, 3,709 restricted stock units vested, and we paid $0.1 million in cash.The following table summarizes the activity of the outstanding equity-based restricted stock awards and restricted stock units:

        Equity-Based Restricted Stock Awards

        Equity-Based Restricted Stock Units

        Shares

        Weighted-AverageGrant DateFair Value

        Shares

        Weighted-AverageGrant DateFair Value

        Balance at December 31, 2023

        270

        $
        39.28

        448,993

        $
        31.18

        Granted

        —

        $
        —

        191,026

        $
        38.37

        Vested

        (270
        )
         
        $
        39.28

        (333,125
        )
         
        $
        31.73

        Forfeited

        —

        $
        —

        (34,526
        )
         
        $
        33.60

        Balance at December 31, 2024

        —

        $
        —

        272,