Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 22

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 22
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During 2024, the Company repurchased0.1million shares for an aggregate of $5.1million, at an average price of $40.27per share. The Company didnot repurchase shares in2023. During 2022, the Company repurchased a total of0.4million common shares for an aggregate of $9.4million at an average price of $24.96per share. As of December 31, 2024, the Company had $149.5million remaining under share its repurchase authorization.

Stock-Based Compensation

Under 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 orfour-yearperiod from the date of grant and typically have a term of10years.Time-based restricted stock units granted prior to 2024 to employees generally vest over afour-yearperiod 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 athree-yearperformance 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 ofDecember 31, 2024, the Company had1.8million 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 of 
 Options   |     |   |     | Weighted- 
 Average   
 Exercise  
 Price     |       |     | Weighted-    
 Average      
 Remaining    
 Contractual  
 Term (Years) |     |     | Aggregate 
 Intrinsic