Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity and Stock Compensation (Tables)

v3.22.2.2
Stockholders Equity and Stock Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Summary of Stock Repurchase Activities

The following table provides a summary the Company’s stock repurchase activities:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Shares repurchased

 

 

639,295

 

 

 

 

 

 

1,926,781

 

 

 

 

Average cost per share

 

$

39.13

 

 

$

 

 

$

38.53

 

 

$

 

Total cost of shares repurchased (in thousands)

 

$

25,013

 

 

$

 

 

$

74,245

 

 

$

 

Summary of Stock-Based Instruments

The Company issued the following stock-based instruments:

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

Granted

 

 

Weighted-Average Grant-Date Fair Value

 

 

Granted

 

 

Weighted-Average Grant-Date Fair Value

 

Restricted stock

 

 

1,380,650

 

 

$

38.43

 

 

 

699,300

 

 

$

43.40

 

Performance-based restricted stock

 

 

116,250

 

 

$

42.46

 

 

 

108,750

 

 

$

38.95

 

Market-based restricted stock

 

 

116,250

 

 

$

58.85

 

 

 

108,750

 

 

$

54.34

 

 

Summary of Unvested Shares

A summary of the status and changes of the Company’s unvested shares is presented below:

 

 

Shares

 

 

Weighted-Average Grant-Date Fair Value

 

Unvested at December 31, 2021

 

 

3,253,316

 

 

$

38.97

 

Granted

 

 

1,613,150

 

 

 

40.19

 

Vested

 

 

(1,266,281

)

 

 

36.07

 

Cancelled

 

 

(53,633

)

 

 

40.81

 

Unvested at September 30, 2022

 

 

3,546,552

 

 

$

40.53