Company: THS
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001320695-25-000107
Chunk: 56

Company: TreeHouse Foods, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 and 2024, respectively.

13. STOCK-BASED COMPENSATION The Board of Directors adopted, and the Company's stockholders approved, the "TreeHouse Foods, Inc. Equity and Incentive Plan" (the "Plan"). Under the Plan, the Compensation Committee may grant awards of various types of compensation, including stock options, restricted stock, restricted stock units, performance shares, performance units, other types of stock-based awards, and other cash-based compensation. The maximum number of shares authorized to be awarded under the Plan is approximately 22.5 million as of September 30, 2025.Total compensation expense related to stock-based payments and the related income tax benefit recognized in Net loss are as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(In millions)(In millions)Compensation expense related to stock-based payments$4.8 $4.5 $15.2 $15.5 Related income tax benefit1.2 1.1 3.6 3.7 

21

TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Stock Options — Stock options granted under the Plan during 2022 had a three-year vesting schedule, vested one-third on the second anniversary of the grant date and two-thirds on the third anniversary of the grant date, and expire ten years from the grant date. Stock options are generally only granted to employees and non-employee directors.The following table summarizes stock option activity during 2025:EmployeeOptionsWeightedAverageExercisePriceWeightedAverageRemainingContractualTerm (yrs.)AggregateIntrinsicValue(In thousands)(In millions)Outstanding, at December 31, 2024473 $61.46 4.7$— Expired(62)78.67 Outstanding, at September 30, 2025411 58.87 4.8— Exercisable, at September 30, 2025411 58.87 4.8— There are no future compensation costs related to unvested options at September 30, 2025.Restricted Stock Units — Employee restricted stock unit awards generally vest based on the passage of time in approximately three equal installments on each of the first three anniversaries of the grant date.Non-employee director restricted stock units generally vest on the first anniversary of the grant date. Certain non-employee directors