Stock-Based Awards (Tables)
|
6 Months Ended |
Mar. 31, 2021 |
Summary of Stock Option Activity Including Performance Based Options |
The following table summarizes stock option activity, including performance-based options, for the year-to-date period ending March 31, 2021:
|
|
Shares
Issuable
Under
Options |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual
Term |
|
|
Aggregate
Intrinsic
Value |
|
|
|
(in thousands) |
|
|
|
|
|
|
(in years) |
|
|
(in thousands) |
|
Outstanding as of September 30, 2020 |
|
|
3,262 |
|
|
$ |
49.82 |
|
|
|
6.5 |
|
|
$ |
21,860 |
|
Granted |
|
|
805 |
|
|
|
44.76 |
|
|
|
|
|
|
|
|
|
Exercised |
|
|
(76 |
) |
|
|
26.27 |
|
|
|
|
|
|
|
|
|
Forfeited |
|
|
(105 |
) |
|
|
66.81 |
|
|
|
|
|
|
|
|
|
Outstanding as of March 31, 2021 |
|
|
3,886 |
|
|
$ |
48.77 |
|
|
|
6.8 |
|
|
$ |
29,478 |
|
Options vested and expected to vest as of
March 31, 2021 |
|
|
3,886 |
|
|
$ |
48.77 |
|
|
|
6.8 |
|
|
$ |
29,478 |
|
Options exercisable as of March 31, 2021 |
|
|
2,312 |
|
|
$ |
44.40 |
|
|
|
5.4 |
|
|
$ |
25,801 |
|
|
Summary of Restricted Stock Unit Activity |
The following table summarizes the restricted stock unit activity for the year-to-date period ending March 31, 2021:
|
|
Restricted Stock
Units |
|
|
Weighted
Average Grant
Date Fair
Value |
|
|
|
(in thousands, except per share data) |
|
Unvested at September 30, 2020 |
|
|
45 |
|
|
$ |
30.00 |
|
Granted |
|
|
123 |
|
|
|
43.57 |
|
Vested |
|
|
(45 |
) |
|
|
30.00 |
|
Cancelled |
|
|
(1 |
) |
|
|
37.68 |
|
Unvested at March 31, 2021 |
|
|
122 |
|
|
$ |
43.57 |
|
|
Stock-Based Compensation Expense |
During the three and six months ended March 31, 2021 and 2020, the Company recognized the following stock-based compensation expense:
|
|
Three Months ended |
|
|
Six Months Ended |
|
|
|
March 31, |
|
|
March 31, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
|
|
(in thousands) |
|
Research and development |
|
$ |
2,536 |
|
|
$ |
2,688 |
|
|
$ |
4,955 |
|
|
$ |
5,180 |
|
General and administrative |
|
|
2,744 |
|
|
|
2,289 |
|
|
|
5,208 |
|
|
|
4,896 |
|
|
|
$ |
5,280 |
|
|
$ |
4,977 |
|
|
$ |
10,163 |
|
|
$ |
10,076 |
|
|
|
Three Months ended |
|
|
Six Months Ended |
|
|
|
March 31, |
|
|
March 31, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
|
|
(in thousands) |
|
Stock options |
|
$ |
4,514 |
|
|
$ |
4,441 |
|
|
$ |
8,863 |
|
|
$ |
8,777 |
|
Performance stock units |
|
|
— |
|
|
|
16 |
|
|
|
— |
|
|
|
259 |
|
rTSRUs |
|
|
444 |
|
|
|
359 |
|
|
|
721 |
|
|
|
721 |
|
Restricted stock units |
|
|
322 |
|
|
|
161 |
|
|
|
579 |
|
|
|
319 |
|
|
|
$ |
5,280 |
|
|
$ |
4,977 |
|
|
$ |
10,163 |
|
|
$ |
10,076 |
|
|
Performance Share Units and Relative Total Stockholder Return Units [Member] |
|
Summary of PSUs and rTSRUs Activity |
The following table summarizes PSU and rTSRU activity for the year-to-date period ending March 31, 2021:
|
|
PSUs |
|
|
rTSRUs |
|
|
|
Shares |
|
|
Weighted
Average
Grant Date Fair
Value |
|
|
Shares |
|
|
Weighted
Average
Grant Date Fair
Value |
|
|
|
(in thousands, except per share data) |
|
Unvested at September 30, 2020 |
|
|
46 |
|
|
$ |
65.23 |
|
|
|
46 |
|
|
$ |
46.46 |
|
Granted |
|
|
84 |
|
|
|
44.58 |
|
|
|
84 |
|
|
|
26.55 |
|
Vested |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Cancelled |
|
|
(19 |
) |
|
|
67.13 |
|
|
|
(19 |
) |
|
|
47.42 |
|
Unvested at March 31, 2021 |
|
|
111 |
|
|
|
49.31 |
|
|
|
111 |
|
|
$ |
31.26 |
|
|