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Incentive Based Compensation

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Stock options, restricted stock and restricted stock units

The following table presents a summary of activity for the first three months of 2022:


	Stock Options			Restricted Stock & Units
	Number of Shares	Weighted Average Exercise Price		Number of Shares & Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2021	4,274,304	$	22.13	5,888,242	$	10.98
Granted	—	$	—	1,428,041	$	22.89
Exercised/Vested	(1,636,031)	$	14.02	(2,735,277)	$	12.01
Canceled	(129,919)	$	34.91	(45,583)	$	11.56
Outstanding at March 31, 2022	2,508,354	$	26.75	4,535,423	$	14.10

Stock-based performance unit awards

During the first three months of 2022, we granted 167,043 stock-based performance units to eligible officers, which are settled in shares. The grant date fair value per unit was $34.07. During the first three months of 2022, we also granted 167,043 stock-based performance units to eligible officers, which are settled in cash. At the grant date for these performance units, each

unit represents the value of one share of our common stock. The fair value of each cash-settled performance unit was $25.11 as of March 31, 2022.