Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 82

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 82
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 and non-employee directors. RSAs qualify as participating securities as each award contains non-forfeitable rights to dividends. RSAs are considered outstanding at the date of grant. Refer to Note. 12 Earnings Per Share for further detail.RSAs are subject to vesting periods between one to ten years. Compensation expense for RSAs is calculated based on the closing price of the Company’s common stock at the date of grant and recognized over the requisite vesting period on a straight-line basis. Unvested RSAs may be forfeited if employees or non-employee directors cease employment or services during the requisite vesting period. Forfeitures reduce expense at the time employment or service cease at the original grant date value. The Company issues new shares of common stock, if available, to settle vested RSAs. At December 31, 2024, 370,962 shares were available for grant.Changes in RSAs for the twelve months ended December 31, 2024 are as follows: Number ofSharesWeighted AverageGrant PriceNon-vested at December 31, 2023304,437 $27.60 Granted127,860 $52.89 Forfeited(9,644)$26.96 Vested(120,253)$28.13 Non-vested at December 31, 2024302,400 $38.11 Changes in RSAs for the twelve months ended December 31, 2023 are as follows: Number ofSharesWeighted AverageGrant PriceNon-vested at December 31, 2022157,767 $28.64 Granted215,554 $27.36 Forfeited— $— Vested(68,884)$29.23 Non-vested at December 31, 2023304,437 $27.60 Changes in RSAs for the twelve months ended December 31, 2022 are as follows: Number ofSharesWeighted AverageGrant PriceNon-vested at December 31, 2021112,044 $31.72 Granted113,077 $27.48 Forfeited(8,785)$31.96 Vested(58,569)$31.79 Non-vested at December 31, 2022157,767 $28.64 

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Compensation expense, associated with RSAs, recognized in the years ended December 31,