Stock Based Compensation (Tables)

3 Months Ended

Nov. 30, 2022

Share-Based Payment Arrangement [Abstract]

Stock option activity

Under the FactSet Research Systems Inc. Stock Option and Award Plan, as Amended and Restated (the "LTIP"), we granted the following stock options for the three months ended November 30, 2022 and November 30, 2021, which are valued using the lattice-binomial option-pricing model. As of November 30, 2022, we had 4.2 million stock-based awards available for grant under the LTIP.

	Three Months Ended
	November 30,
	2022		2021
Stock options granted(1)	267,296		299,702
Weighted average exercise price	$	426.25	$	434.82
Weighted average grant date fair value	$	125.59	$	102.40

(1) The majority of the stock options granted relate to the November 1, 2022 and November 1, 2021 annual employee grants that both vest 20% annually on the anniversary date of the grant and are fully vested after five years, expiring ten years from the date of grant.

Schedule of assumptions about stock options

We granted 266,051 employee stock options as part of the November 1, 2022 annual employee grant. The estimated fair value of this grant leveraged the following assumptions:

November 1, 2022 Annual Employee Grant Details
Risk-free interest rate	3.99% - 4.51%
Expected life (years)	6.62
Expected volatility	24.7%
Dividend yield	0.83%
Estimated fair value	$125.62
Exercise price	$426.25

Restricted stock awards activity

Under the LTIP, we granted the following Restricted Stock Awards with the associated weighted average grant date fair value, assuming a target payout for PSUs, for the three months ended November 30, 2022 and November 30, 2021.

	Three Months Ended
	November 30,
	2022		2021
RSUs Granted(1)	47,038		43,613
PSUs Granted(2)	34,482		30,460
Total Restricted Stock Awards	81,520		74,073
Restricted Stock Awards weighted average grant date fair value	$	415.31	$	424.14

(1) The majority of the RSUs granted relate to the November 1, 2022 and November 1, 2021 annual employee grants that both vest 20% annually on the anniversary date of grant and are fully vested after five years.

(2) The majority of the PSUs granted relate to the November 1, 2022 and November 1, 2021 annual employee grants that both cliff vest on the third anniversary of the grant date, subject to the achievement of certain performance metrics. The ultimate number of common shares that may be earned pursuant to these PSU awards range from 0% to 150% of the number of target shares, depending on the level of the Company's achievement of stated financial performance objectives.