CarMax 2016 Annual Report Download - page 70
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Stock-Settled Performance Stock Unit Activity
Weighted
Average
Number of Grant Date
(Units in thousands) Units Fair Value
Outstanding as of February 28, 2015 — $ —
Stock units granted 66 $ 72.58
Stock units vested and converted — $ —
Stock units cancelled — $ —
Outstanding as of February 29, 2016 66 $ 72.58
Stock-Settled Performance Stock Unit Information
Years Ended February 29 or 28
2016 2015 2014
Stock units granted 66,446 — —
Weighted average grant date fair value per share $ 72.58 $ — $ —
Restricted Stock Awards Activity
Weighted
Average
Number of Grant Date
(Units in thousands) Units Fair Value
Outstanding as of February 28, 2015 23 $ 51.18
Stock units granted 19 $ 68.16
Stock units vested and converted (25) $ 52.49
Stock units cancelled — —
Outstanding as of February 29, 2016 17 $ 68.16
Restricted Stock Awards Information
Years Ended February 29 or 28
2016 2015 2014
Restricted stock granted 19,070 22,860 —
Weighted average grant date fair value per share $ 68.16 $ 51.18 $ —
Realized tax benefits from vesting (in millions) $ 0.7 $ — $ —
(E) Employee Stock Purchase Plan
We sponsor an employee stock purchase plan for all associates meeting certain eligibility criteria. Associate contributions are
limited to 10% of eligible compensation, up to a maximum of $7,500 per year. For each $1.00 contributed to the plan by associates,
we match $0.15. We have authorized up to 8,000,000 shares of common stock for the employee stock purchase plan. Shares are
acquired through open-market purchases.
Years Ended February 29 or 28
2016 2015 2014
Shares purchased on the open market 176,595 184,390 188,797
Average purchase price per share $ 59.93 $ 52.18 $ 47.35
As of February 29, 2016, a total of 3,363,688 shares remained available under the plan. The total costs for matching contributions
are included in share-based compensation expense.