Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 89

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 89
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co’s determination of whether it is probable that the performance targets will be achieved. The fair value of the relative TSR modifier as of the March 1, 2025 grant date was measured using a Monte Carlo simulation.During the three months ended March 31, 2025 and 2024, Wesco granted the following stock options, restricted stock units, and performance-based awards at the following weighted-average fair values:Three Months EndedMarch 31,2025March 31,2024Stock options granted84,476 85,425 Weighted-average fair value$76.59 $72.05 Restricted stock units granted215,603 202,299 Weighted-average fair value$179.83 $152.10 Performance-based awards granted72,302 192,995 Weighted-average fair value$191.72 $108.72 

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)(unaudited)

The fair values of stock options, as disclosed in the table above, were estimated using the following weighted-average assumptions in the respective periods:Three Months EndedMarch 31,2025March 31,2024Risk free interest rate4.1 %4.2 %Expected life (in years)55Expected volatility47 %55 %Expected dividend yield1.01 %1.09 %The risk-free interest rate is based on the U.S. Treasury Daily Yield Curve rate as of the grant date. The expected life is based on historical exercise experience, the expected volatility is based on the volatility of the Company’s daily stock price over the expected life preceding the grant date of the award, and the expected dividend yield is based on the calculated yield on the Company’s common stock at date of grant using the current fiscal year projected dividend distribution rate.The following table sets forth a summary of stock options and related information for the three months ended March 31, 2025:AwardsWeighted-AverageExercisePriceWeighted-AverageRemainingContractual Term (In years)AggregateIntrinsicValue(In millions)Outstanding at December 31, 2024234,814 $147.08        Granted84,476 180.47        Exercised— —       Forfeited— —   Outstanding at March 31, 2025319,290 $