Employee Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Performance Market and Service Condition Based Restricted Stock Unit Grants

Schedule of Share-based Payment Award, Restricted Stock Unit, Valuation Assumptions

The average grant date fair value for these RSUs, with consideration of the market condition, was $83.75 per unit, which was determined using the Monte Carlo simulation model, applying the following assumptions:

Expected volatility (company)	46.5%
Expected volatility (peer group median)	32.1%
Correlation between the Company and peer group median	0.5
Expected dividend yield	0.0%
Risk-free rate	3.8%