Dollar Tree, Inc. Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plans (Tables)

12 Months Ended

Jan. 30, 2021

Total stock-based compensation expense was recorded in the accompanying consolidated statements of operations as follows:


	Year Ended
	January 30,		February 1,		February 2,
(in millions)	2021		2020		2019
Cost of sales	$	15.4	$	12.9	$	12.1
Selling, general and administrative expenses	68.5		48.5		51.2
Total stock-based compensation expense	$	83.9	$	61.4	$	63.3
Excess tax benefit (deficit) on stock-based compensation recognized in the Provision for income taxes	$	(2.8)	$	3.8	$	(1.3)

The following table summarizes the status of service-based RSUs as of January 30, 2021 and changes during the year then ended:


	Number of Shares	Weighted Average Grant Date Fair Value
Nonvested at February 1, 2020	1,049,081	$	95.17
Granted	850,132	73.24
Vested	(533,032)	91.05
Forfeited	(100,965)	82.78
Nonvested at January 30, 2021	1,265,216	$	83.16

The following table summarizes the status of PSUs as of January 30, 2021 and changes during the year then ended:


	Number of Shares	Weighted Average Grant Date Fair Value
Nonvested at February 1, 2020	320,500	$	99.29
Granted	428,377	74.46
Vested	(221,876)	88.12
Forfeited	(103,729)	85.84
Nonvested at January 30, 2021	423,272	$	82.67

The following tables summarize information about options outstanding at January 30, 2021 and changes during the year then ended:


	Number of Shares	Weighted Average Per Share Exercise Price		Weighted Average Remaining Term (Years)	Aggregate Intrinsic Value (in millions)
Outstanding, beginning of period	205,893	$	76.87
Granted	6,412	89.77
Exercised	(94,890)	74.19
Forfeited	(358)	76.97
Outstanding, end of period	117,057	$	79.75	4.4	$	2.6
Options vested and exercisable at January 30, 2021	117,057	$	79.75	4.4	$	2.6