Stock Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Number of Restricted Stock Units and Performance Shares

Information on the number of RSUs, PSUs and SOs related to the Stock Incentive Plan during the period of 2019 to 2021 is as follows.

RSUs	2021			2020			2019
Weighted average fair value at grant date	$	94.01		$	69.58		$	76.85
Outstanding at beginning of year		244,901			255,195			262,074
Granted		81,866			115,500			109,653
Shares issued		(99,399	)		(105,750	)		(86,086	)
Cancelled/Forfeited/Expired		(9,100	)		(20,044	)		(30,446	)
Outstanding at end of year		218,268			244,901			255,195

PSUs	2021			2020			2019
Weighted average fair value at grant date	$	93.90		$	69.86		$	77.00
Outstanding at beginning of year		158,128			76,321			—
Change in performance conditions		(44,385	)		23,998			12,530
Granted		74,427			75,940			66,542
Cancelled/Forfeited/Expired		(8,859	)		(18,131	)		(2,751	)
Outstanding at end of year		179,311			158,128			76,321

Schedule of Options Exercisable

Information on the number of RSUs, PSUs and SOs related to the Stock Incentive Plan during the period of 2019 to 2021 is as follows.

SOs	Number of options			Weighted average exercise price
Outstanding at December 31, 2018		142,074		$	63.43
Exercised		(20,928	)		42.11
Spin conversion 1)		(5,271	)		80.40
Outstanding at December 31, 2019		115,875			66.70
Exercised		(14,238	)		55.55
Cancelled/Forfeited/Expired		(11,462	)		69.25
Outstanding at December 31, 2020		90,175			68.13
Exercised		(40,112	)		67.49
Cancelled/Forfeited/Expired		(188	)		51.74
Outstanding at December 31, 2021		49,875			68.71
OPTIONS EXERCISABLE
At December 31, 2019		115,875		$	66.70
At December 31, 2020		90,175			68.13
At December 31, 2021		49,875			68.71

1) Reflects the cancellation of SOs outstanding as of the Distribution Date, and the conversion to new awards in accordance with the conversion factor 1.41. The weighted average exercise price reflects the exercise price of the shares cancelled due to the Veoneer spin-off.

Summary of Stock Options Outstanding and Exercisable

The following summarizes information about SOs outstanding and exercisable at December 31, 2021:

RANGE OF EXERCISE PRICES	Number outstanding & exercisable		Remaining contract life (in years)		Weighted average exercise price
$47.52		4,435		0.14	$	47.52
$49.07		8,113		1.14		49.07
$67.29		13,961		2.14		67.29
$80.40		23,366		3.13		80.40
		49,875		2.26		68.71