| Summary of Stock-Based Instruments |
The Company issued the following stock-based instruments:
|
|
|
Year Ended December 31,
|
|
|
|
|
2021
|
|
|
2020
|
|
|
|
|
Granted
|
|
|
Weighted-Average Grant-Date Fair Value
|
|
|
Granted
|
|
|
Weighted-Average Grant-Date Fair Value
|
|
|
Restricted stock
|
|
|
1,201,600
|
|
|
$
|
42.88
|
|
|
|
1,319,300
|
|
|
$
|
36.42
|
|
|
Performance-based restricted stock
|
|
|
108,750
|
|
|
$
|
38.95
|
|
|
|
125,000
|
|
|
$
|
36.02
|
|
|
Market-based restricted stock
|
|
|
108,750
|
|
|
$
|
54.34
|
|
|
|
125,000
|
|
|
$
|
49.78
|
|
|
| Summary of Unvested Shares Related to the Plans |
A summary of the status and changes of the Company’s unvested shares related to the Plans is presented below:
|
|
|
Shares
|
|
|
Weighted-Average Grant-Date Fair Value
|
|
|
Unvested at January 1, 2019
|
|
|
2,968,941
|
|
|
$
|
34.79
|
|
|
Granted
|
|
|
1,603,000
|
|
|
|
28.45
|
|
|
Vested/Released
|
|
|
(1,116,868
|
)
|
|
|
32.46
|
|
|
Cancelled
|
|
|
(28,250
|
)
|
|
|
39.40
|
|
|
Unvested at December 31, 2019
|
|
|
3,426,823
|
|
|
|
32.55
|
|
|
Granted
|
|
|
1,569,300
|
|
|
|
37.45
|
|
|
Vested/Released
|
|
|
(1,093,500
|
)
|
|
|
32.64
|
|
|
Cancelled
|
|
|
(790,600
|
)
|
|
|
32.23
|
|
|
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
|
|
|