Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 134

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 8
Chunk 134
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$2,822,775 $2,848,316 

79

19.    Subsequent Event

Share Based CompensationOn May 5, 2025, the Compensation Committee granted 61,899 PSUs, 53,014 time-based RSUs and stock options to acquire 100,821 shares of our common stock to certain executive officers and employees under the 2020 Plan.  PSUs are earned based on achievement of the performance objectives set by the Compensation Committee and, if earned, vest in their entirety on the three-year anniversary of the date of grant.  Time-based RSUs vest either 33.3% per year over three years or in their entirety on the three-year or four-year anniversary of the date of grant.  Upon vesting, both PSUs and RSUs will be settled in shares of our common stock.  Executives of the Company may elect to defer settlement of a self-defined percentage of vested shares to a specified date or six months after the executive is separated from service to the Company or on a change in control of the Company. The stock options will vest 33.3% per year over three years and are exercisable for up to ten years from the date of grant.  These stock options were granted at an exercise price of $82.98 per share, which is equal to the closing price for our common stock on the date of the grant.  Except in cases of death, disability or retirement, termination of employment prior to vesting will result in forfeiture of the unvested PSUs, RSUs and the stock options.  Vested stock options will remain exercisable by the employee after termination, subject to the terms of the 2020 Plan.

80

SCHEDULE IIVALUATION AND QUALIFYING ACCOUNTS(In thousands)Balance atBeginning ofYearAmountsCharged toExpense (Income)  Deductions Other (a)Balance atEnd ofYearYear Ended March 31, 2025     Reserves for sales returns and allowance$11,162 $69,972  $(70,299)$— $10,835 Reserve for cash discounts2,869 21,804 (21,540)— 3,133 Allowance for credit losses2,346 9  (9)— 2,346 Year Ended March 31, 2024     Reserves for sales returns and allowance15,382 58,094  (62,