| Summary of Stock Repurchase Activities |
The following table provides a summary of the Company’s stock repurchase activities:
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2023 |
|
|
2022 |
|
Shares repurchased |
|
|
3,197,345 |
|
|
|
1,926,781 |
|
Average cost per share |
|
$ |
50.06 |
|
|
$ |
38.53 |
|
Total cost of shares repurchased (in thousands) |
|
$ |
160,064 |
|
|
$ |
74,245 |
|
|
| Summary of Stock-Based Instruments |
The Company issued the following stock-based instruments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
|
Granted |
|
|
Weighted-Average Grant-Date Fair Value |
|
|
Granted |
|
|
Weighted-Average Grant-Date Fair Value |
|
|
Granted |
|
|
Weighted-Average Grant-Date Fair Value |
|
Restricted stock |
|
|
959,690 |
|
|
$ |
46.24 |
|
|
|
1,446,550 |
|
|
$ |
38.27 |
|
|
|
1,201,600 |
|
|
$ |
42.88 |
|
Performance-based restricted stock |
|
|
121,225 |
|
|
$ |
43.34 |
|
|
|
116,250 |
|
|
$ |
42.46 |
|
|
|
108,750 |
|
|
$ |
38.95 |
|
Market-based restricted stock |
|
|
121,225 |
|
|
$ |
59.71 |
|
|
|
116,250 |
|
|
$ |
58.85 |
|
|
|
108,750 |
|
|
$ |
54.34 |
|
|
| Summary of Unvested Shares Related to the Plans |
A summary of the status and changes of the Company’s unvested shares related to the Plan is presented below:
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Weighted-Average Grant-Date Fair Value |
|
Unvested at December 31, 2020 |
|
|
3,112,023 |
|
|
|
35.06 |
|
Granted |
|
|
1,419,100 |
|
|
|
43.46 |
|
Vested/Released |
|
|
(1,252,108 |
) |
|
|
34.36 |
|
Cancelled |
|
|
(25,699 |
) |
|
|
39.01 |
|
Unvested at December 31, 2021 |
|
|
3,253,316 |
|
|
|
38.97 |
|
Granted |
|
|
1,679,050 |
|
|
|
39.98 |
|
Vested/Released |
|
|
(1,423,531 |
) |
|
|
36.13 |
|
Cancelled |
|
|
(84,933 |
) |
|
|
39.72 |
|
Unvested at December 31, 2022 |
|
|
3,423,902 |
|
|
|
40.62 |
|
Granted |
|
|
1,202,140 |
|
|
|
47.31 |
|
Vested/Released |
|
|
(1,119,837 |
) |
|
|
38.76 |
|
Cancelled |
|
|
(43,500 |
) |
|
|
41.19 |
|
Unvested at December 31, 2023 |
|
|
3,462,705 |
|
|
|
43.54 |
|
|