Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 122

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 8
Chunk 122
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20 Vested at March 31, 202597.6 39.90 OptionsThe 2005 Plan and the 2020 Plan provide that the exercise price of options granted shall be no less than the fair market value of the Company's common stock on the date the options are granted.  Options granted have a term of no greater than ten years from the date of grant and vest in accordance with a schedule determined at the time the option is granted, generally three years.  The option awards provide for accelerated vesting in the event of a change in control, as defined in the 2005 Plan and the 2020 Plan.  Except in the case of death, disability or retirement, termination of employment prior to vesting will result in forfeiture of the unvested stock options.  Vested stock options will remain exercisable by the employee after termination of employment, subject to the terms in the 2005 Plan and the 2020 Plan. 

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The fair value of each option award is estimated on the date of grant using the Black-Scholes Option Pricing Model that uses the assumptions noted in the table below.  Expected volatilities are based on the historical volatility of our common stock and other factors, including the historical volatilities of comparable companies.  We use appropriate historical data, as well as current data, to estimate option exercise and employee termination behaviors.  Employees that are expected to exhibit similar exercise or termination behaviors are grouped together for the purposes of valuation.  The expected terms of the options granted are derived from our historical experience, management’s estimates and consideration of information derived from the public filings of companies similar to us, and represent the period of time that options granted are expected to be outstanding.  The risk-free rate represents the yield on U.S. Treasury bonds with a maturity equal to the expected term of the granted options.  Year Ended March 31, 202520242023Expected volatility30.4% - 30.8%30.2% - 31.6%30.8% to 30.9%Expected dividends———Expected term in years6.0 to 7.06.0 to 7.06.0 to 7.0Risk-free rate4.5% 3.6% to 4.1%2.8% to 2.9%Weighted average grant date fair value of options granted$27.97$23.79$20.10