Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 129

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 129
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 recommenced, or discontinued at any time or from time to time without prior notice. We may repurchase our shares from time to time to the extent permitted by securities laws and other legal requirements, including provisions in our 2023 Credit Agreement placing limitations on such repurchases. 

NOTE 13 - SHARE-BASED COMPENSATION PLANS 

We have an incentive plan under which stock awards, stock units, and other share-based compensation may be granted to officers, non-employee directors, and key employees of the Company. Under the terms of this plan, 3,250,000 shares were authorized, and 599,493 shares remain available for grant or issuance as of December 31, 2024. Any issuances under this plan are valued at the fair market value of our common stock on the grant date. Forfeitures are recognized as they occur. The following table summarizes activity regarding restricted stock units since December 31, 2021:  SharesWeightedAveragePriceBalance, December 31, 2021404,468 $79.16 Granted107,621 $123.52 Forfeited(4,665)$105.88 Vested(189,830)$67.40 Balance, December 31, 2022317,594 $100.83 Granted103,024 $156.06 Forfeited(3,018)$118.59 Vested(122,751)$90.38 Balance, December 31, 2023294,849 $124.30 Granted93,636 $279.05 Forfeited(409)$185.51 Vested(139,262)$105.65 Balance, December 31, 2024248,814 $192.87 An aggregate of 30,879 restricted stock units granted to current non-employee directors vested as of December 31, 2024, but, at the election of such directors, issuance has been deferred for up to 10 years from the date of vest. In addition, an aggregate of 13,087 restricted stock units granted to a former employee vested as of April 1, 2024 but, in accordance with plan documents, were not issued until January 2025.We recognized approximately $20.0 million, $13.7 million, and $12.1 million of compensation expense for stock units awarded to non-employee directors and employees pursuant to our incentive plan for the years ended December