Annual report pursuant to Section 13 and 15(d)

Stockholders Equity and Stock Compensation (Tables)

v3.22.4
Stockholders Equity and Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Summary of Stock Repurchase Activities

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

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Shares repurchased

 

 

1,926,781

 

 

 

 

Average cost per share

 

$

38.53

 

 

$

 

Total cost of shares repurchased (in thousands)

 

$

74,245

 

 

$

 

Summary of Stock-Based Instruments

The Company issued the following stock-based instruments:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

Granted

 

 

Weighted-Average Grant-Date Fair Value

 

 

Granted

 

 

Weighted-Average Grant-Date Fair Value

 

 

Granted

 

 

Weighted-Average Grant-Date Fair Value

 

Restricted stock

 

 

1,446,550

 

 

$

38.27

 

 

 

1,201,600

 

 

$

42.88

 

 

 

1,319,300

 

 

$

36.42

 

Performance-based restricted stock

 

 

116,250

 

 

$

42.46

 

 

 

108,750

 

 

$

38.95

 

 

 

125,000

 

 

$

36.02

 

Market-based restricted stock

 

 

116,250

 

 

$

58.85

 

 

 

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 Plan is presented below:

 

 

 

Shares

 

 

Weighted-Average Grant-Date Fair Value

 

Unvested at January 1, 2020

 

 

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

 

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