Equity Compensation (Tables)

3 Months Ended

Apr. 30, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Summary of Restricted Stock Activity

A summary of restricted stock activity for the three months ended April 30, 2022, is as follows:

	Unvested restricted stock units	Weighted average grant date fair value per share
	(in thousands)
Unvested restricted stock units at January 31, 2022	4,033	$	251.17
Granted	2,738	199.16
Vested	(1,018)	256.17
Canceled/Forfeited	(161)	242.48
Performance Adjustment (1)	(2)	299.07
Unvested restricted stock units at April 30, 2022	5,590	$	225.12

_______________(1)Based on Autodesk's financial results and relative total stockholder return for the fiscal 2022 performance period. The performance stock units were attained at rates ranging from 87% to 113% of the target award.

Schedule of Summary of the ESPP Activity

A summary of the ESPP activity for the three months ended April 30, 2022 and 2021, is as follows:

	Three Months Ended April 30,
	2022		2021
Issued shares (in thousands)	377		490
Average price of issued shares	$	173.83	$	128.02
Weighted average grant date fair value of shares granted under the ESPP (1)	$	69.19	$	91.17

 _______________

(1)Calculated as of the award grant date using the Black-Scholes Merton (“BSM”) option pricing model.

Schedule of Stock-based Compensation Expense

The following table summarizes stock-based compensation expense for the three months ended April 30, 2022 and 2021, respectively, as follows:

	Three Months Ended April 30,
	2022		2021
Cost of subscription and maintenance revenue	$	8	$	5
Cost of other revenue	3		2
Marketing and sales	62		48
Research and development	59		47
General and administrative	23		14
Stock-based compensation expense related to stock awards and ESPP purchases	155		116
Tax expense (benefit)	6		(16)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	161	$	100

Schedule of Assumptions to Estimate the Fair Value of Stock-based Awards

Autodesk uses the following assumptions to estimate the fair value of stock-based awards:

	Three Months Ended April 30, 2022		Three Months Ended April 30, 2021
	Performance Stock Units	ESPP	Performance Stock Units	ESPP
Range of expected volatility	39.4 - 40.7%	38.3 - 42.7%	36.9%	36.5 - 41.8%
Range of expected lives (in years)	N/A	0.5- 2.0	N/A	0.5 - 2.0
Expected dividends	—%	—%	—%	—%
Range of risk-free interest rates	1.2 - 1.6%	0.9 - 1.9%	0.1%	0.1 - 0.2%