Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity and Stock Compensation (Tables)

v3.22.2
Stockholders Equity and Stock Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Summary of Stock Repurchase Activities

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

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Shares repurchased

 

 

635,712

 

 

 

 

 

 

1,287,486

 

 

 

 

Average cost per share

 

$

38.12

 

 

$

 

 

$

38.24

 

 

$

 

Total cost of shares repurchased (in thousands):

 

$

24,232

 

 

$

 

 

$

49,232

 

 

$

 

Summary of Stock-Based Instruments

The Company issued the following stock-based instruments:

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

Granted

 

 

Weighted-Average Grant-Date Fair Value

 

 

Granted

 

 

Weighted-Average Grant-Date Fair Value

 

Restricted stock

 

 

1,314,850

 

 

$

38.57

 

 

 

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

 

 

1,547,350

 

 

 

40.39

 

Vested

 

 

(1,256,281

)

 

 

36.09

 

Cancelled

 

 

(41,000

)

 

 

41.18

 

Unvested at June 30, 2022

 

 

3,503,385

 

 

$

40.60