Equity Compensation (Tables)

6 Months Ended

Jul. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Summary of Restricted Stock Activity

A summary of restricted stock activity for the six months ended July 31, 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	3,126	197.06
Vested	(1,301)	257.52
Canceled/Forfeited	(386)	234.99
Performance Adjustment (1)	(2)	299.07
Unvested restricted stock units at July 31, 2022	5,470	$	219.81

_______________(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 six months ended ended July 31, 2022 and 2021, is as follows:

	Six Months Ended July 31,
	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 and six months ended July 31, 2022 and 2021, respectively, as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2022		2021		2022		2021
Cost of subscription and maintenance revenue	$	9	$	8	$	17	$	13
Cost of other revenue	3		2		6		4
Marketing and sales	69		65		131		113
Research and development	69		60		128		107
General and administrative	19		18		42		32
Stock-based compensation expense related to stock awards and ESPP purchases	169		153		324		269
Tax expense (benefit)	3		(4)		9		(20)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	172	$	149	$	333	$	249

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:

	Six Months Ended July 31, 2022		Six Months Ended July 31, 2021
	Performance Stock Units (1)	ESPP (1)	Performance Stock Units	ESPP (2)
Range of expected volatilities	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%

      _______________

(1)There were no ESPP awards granted during the three months ended July 31, 2022. There we no performance stock units granted during the three months ended July 31, 2022, where the fair value was estimated by a Monte Carlo simulation.

(2)There were no ESPP awards granted during the three months ended July 31, 2021.