Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.20.4
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Activities Under Share-Based Compensation Plans
The following table summarizes the activities for all SARs under the Company’s share-based compensation plans for the year ended December 31, 2020:
 
 
 
Number of
Awards
 
Weighted-
Average
Exercise Price
Per Award
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value(1)
 
 
(in thousands)
 
 
 
 
 
(in millions)
Outstanding as of December 31, 2019(2)(3)
 
 
 
7,001
 
 
 
$
27.85
 
 
 
 
5.4 years
 
 
 
$
138.7
 
Grante
d
 
 
 
—  
 
 
 
$
—  
 
 
 
     
 
 
     
Exercised(4)
 
 
 
(3,257
)
 
 
$
28.56
 
 
 
     
 
 
     
Forfeited
 
 
 
(7
)
 
 
$
29.03
 
 
 
     
 
 
     
 
 
 
 
 
 
 
 
     
 
 
     
 
 
     
Outstanding as of December 31, 2020(2)(3)
 
 
 
3,737
 
 
 
$
27.23
 
 
 
 
4.6 years
 
 
 
$
77.8
 
 
 
 
 
 
 
 
 
     
 
 
     
 
 
     
Exercisable as of December 31, 2020(2)(5)
 
 
 
3,737
 
 
 
$
27.23
 
 
 
 
4.6 years
 
 
 
$
77.8
 
 
 
 
 
 
 
 
 
     
 
 
     
 
 
     
Vested and expected to vest as of December 31, 2020
 
 
 
3,737
 
 
 
$
27.23
 
 
 
 
4.6 years
 
 
 
$
77.8
 
 
 
 
 
 
 
 
 
     
 
 
     
 
 
     
 
(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.
(2)
Includes less than 0.1 million market condition SARS as of both December 31, 2020 and 2019.
(3)
Includes 1.1 million and 2.9 million performance condition SARs as of December 31, 2020 and 2019, respectively.
(4)
Includes 1.8 million performance condition SARs.
(5)
Includes less than 0.1 million market condition and 1.1 million performance condition SARs.
The following table summarizes the activities for all stock units under the Company’s share-based compensation plans for the year ended December 31, 2020:
 
 
 
Number of
Shares
 
Weighted-
Average Grant
Date Fair Value
Per Share
 
 
(in thousands)
 
 
Outstanding and nonvested as of December 31, 2019(1)
 
 
  1,833
 
 
 
 
 
 
 
 
  $ 49.49
 
 
 
 
Granted(2)
 
 
  1,995  
 
  $ 39.67  
Vested
(3)
 
 
  (566
 
  $ 46.53  
Forfeited
(4)
 
 
  (194
 
  $ 43.79  
   
 
 
 
 
 
       
Outstanding and nonvested as of December 31, 2020(1)
 
 
  3,068  
 
  $ 44.01  
   
 
 
 
 
 
       
Expected to vest as of December 31, 2020(
5
)
 
 
  2,846  
 
  $ 43.66  
   
 
 
 
 
 
       
 
(1)
Includes 712,596 and 475,430 performance based stock unit awards as of December 31, 2020 and 2019, respectively, which represents the maximum amount that can vest.
(2)
Includes 504,908 performance-based stock unit awards.
(3)
Includes
 
228,996 performance-based stock unit awards.
(4)
Includes
38,746
performance-based stock unit awards.
(5)
Includes 561,280 performance-based stock unit awards.