Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jul. 30, 2022
Share-based Payment Arrangement [Abstract]  
Summary of RSUs
The following table summarizes the status of service-based RSUs as of July 30, 2022 and changes during the 26 weeks then ended:
Number of Shares Weighted Average
Grant Date
Fair Value
Nonvested at January 29, 2022
 1,096,066  $ 94.16 
Granted 420,474  159.37 
Vested (519,453) 93.21 
Forfeited (92,044) 116.85 
Nonvested at July 30, 2022
 905,043  $ 122.69 
Schedule of Nonvested Performance-based Units Activity
The following table summarizes the status of PSUs as of July 30, 2022 and changes during the 26 weeks then ended:
Number of Shares Weighted Average
Grant Date
Fair Value
Nonvested at January 29, 2022
 584,972  $ 91.86 
Granted 206,044  159.27 
Vested (303,026) 90.86 
Forfeited (209,824) 120.78 
Nonvested at July 30, 2022
 278,166  $ 118.93 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The assumptions used in the Black-Scholes option pricing model for this award are as follows:
Expected term (in years) 6.5
Expected stock price volatility 34.1  %
Dividend yield —  %
Risk-free interest rate 2.15  %
Share-based Payment Arrangement, Option, Activity
The following table summarizes information about options outstanding at July 30, 2022 and changes during the 26 weeks then ended:
  Number of Shares Weighted Average Per Share Exercise Price Weighted Average Remaining Term (Years) Aggregate Intrinsic Value
(in millions)
Outstanding at January 29, 2022
 24,541  $ 90.38     
Granted 2,252,587  157.17     
Exercised (370) 76.97     
Outstanding at July 30, 2022
 2,276,758  $ 156.46  9.6 $ 20.3 
Exercisable at July 30, 2022
 24,171  $ 90.59  4.3 $ 1.8