| Summary of Activities Under Share-Based Compensation Plans |
The following table summarizes the activities for SARs under all share-based compensation plans for the year ended December 31, 2019:
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|
|
Number of Awards
|
|
|
Weighted-Average Exercise Price Per Award
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|
|
Weighted-Average Remaining Contractual Term
|
|
Aggregate Intrinsic Value(1)
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|
|
|
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(in thousands)
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|
|
|
|
|
|
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(in millions)
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|
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Outstanding as of December 31, 2018(2)(3)
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|
|
8,470
|
|
|
$
|
26.82
|
|
|
6.1 years
|
|
$
|
272.1
|
|
|
Granted
|
|
|
—
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
Exercised(4)
|
|
|
(1,202
|
)
|
|
$
|
20.12
|
|
|
|
|
|
|
|
|
Forfeited(5)
|
|
|
(267
|
)
|
|
$
|
29.93
|
|
|
|
|
|
|
|
|
Outstanding as of December 31, 2019(2)(3)
|
|
|
7,001
|
|
|
$
|
27.85
|
|
|
5.4 years
|
|
$
|
138.7
|
|
|
Exercisable as of December 31, 2019(6)
|
|
|
5,755
|
|
|
$
|
27.68
|
|
|
5.0 years
|
|
$
|
115.0
|
|
|
Vested and expected to vest as of December 31, 2019
|
|
|
7,000
|
|
|
$
|
27.85
|
|
|
5.4 years
|
|
$
|
138.7
|
|
|
(1)
|
The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards.
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(2)
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Includes less than 0.1 million market condition SARS as of both December 31, 2019 and 2018.
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|
(3)
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Includes 2.9 million and 3.1 million performance condition SARs as of December 31, 2019 and 2018, respectively.
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(4)
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Includes less than 0.1 million performance condition SARs.
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|
(5)
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Includes 0.2 million performance condition SARs.
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(6)
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Includes less than 0.1 million market condition and 2.4 million performance condition SARs.
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The following table summarizes the activities for stock units under all share-based compensation plans for the year ended December 31, 2019:
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|
|
Number of Shares
|
|
|
Weighted-Average Grant Date Fair Value Per Share
|
|
|
|
|
(in thousands)
|
|
|
|
|
|
|
Outstanding and nonvested as of December 31, 2018(1)
|
|
|
1,611
|
|
|
$
|
42.09
|
|
|
Granted(2)
|
|
|
983
|
|
|
$
|
55.23
|
|
|
Vested(3)
|
|
|
(241
|
)
|
|
$
|
43.49
|
|
|
Forfeited(4)
|
|
|
(520
|
)
|
|
$
|
40.23
|
|
|
Outstanding and nonvested as of December 31, 2019(1)
|
|
|
1,833
|
|
|
$
|
49.49
|
|
|
Expected to vest as of December 31, 2019(5)
|
|
|
1,575
|
|
|
$
|
49.18
|
|
|
(1)
|
Includes 475,430 and 708,836 performance based stock unit awards as of December 31, 2019 and 2018, respectively, which represents the maximum amount that can vest.
|
|
(2)
|
Includes 209,182 performance-based stock unit awards, which represents the maximum amount that can vest.
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|
(3)
|
Includes 40,297 performance-based stock unit awards.
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|
(4)
|
Includes 402,291 performance-based stock unit awards, of which 45,259 relate to adjustments to reflect actual performance.
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|
(5)
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Includes 240,156 performance-based stock unit awards.
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