SP with recompile but no events in profiler

I put "with recompile" on an SP.  Now it runs about 40ms slower, so it seems to have that effect, the overhead of the compile time.  I can see it with "set statistics time on".  But it does not generate a recompile event in profiler.  Just wondering why not.  Is it filtered out of profiler's sight if the recompile is identical to the previous?  That'd be my guess ...

Thanks,

Josh