Company: SBH
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001193125-25-280122
Chunk: 62

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 62
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 rights and dividend rights but are restricted with regard to sale or transfer. These restrictions lapse over the vesting period. RSUs are awarded to our independent directors who may elect, upon receipt of such award, to defer until a later date delivery of the shares of our common stock that would otherwise be issued on the vesting date. RSUs granted to independent directors prior to the fiscal year 2012, are generally retained by the Company as deferred stock units that are not distributed until six months after the independent director’s service as a director terminates.

F-16

Sally Beauty Holdings, Inc. and SubsidiariesNotes to Consolidated Financial StatementsFiscal Years ended September 30, 2025, 2024, and 2023 

Performance-Based AwardsThe following table presents a summary of the activity for our performance awards assuming 100% payout:

         Performance Awards
          
         Numberof Shares(in Thousands)

         WeightedAverage FairValue PerShare

         Unvested at September 30, 2024

         897

         $
         13.57

         Granted

         387

         15.26

         Adjustment for performance achievement

         (84
         )

         10.73

         Vested

         (82
         )

         14.21

         Forfeited

         (56
         )

         13.79

         Unvested at September 30, 2025

         1,062

         $
         14.12

       As of September 30, 2025, if we assume a 100% payout for unvested performance-based awards, we would expect to recognize $3.0 million in expense over the weighted average period of 1.4 years.Market-Based AwardsThe following table presents a summary of the activity for our market awards:

         Market Awards
          
         Numberof Shares(in Thousands)

         WeightedAverage FairValue PerShare

         Unvested at September 30, 2024

         792

         $
         13.81

         Granted

         258

         17.87

         Vested

         (122
         )

         23.39

         Forfeited

         (82
         )

         16.97

         Unvested at September 30, 2025

         846

         $
         13.36

       As of September 30, 2025, approximately $