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Stock Awards (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-based Award Activity

The following summarizes stock-based award activity in 2023 and 2022 (which includes awards granted in 2023, 2022, and any applicable prior years), respectively:

For the Year Ended December 31, 2023:

 

 

Vesting Based
on Service

 

 

Vesting Based on
Market/Performance
Conditions

 

 

 

Shares

 

 

Weighted-Average
Value at Award Date

 

 

Shares

 

 

Weighted-Average
Value at Award Date

 

Nonvested awards at beginning of the year

 

 

810,483

 

 

$

21.02

 

 

 

4,349,081

 

 

$

18.26

 

Awarded

 

 

1,210,448

 

 

$

10.36

 

 

 

10,270,260

 

 

$

8.47

 

Vested

 

 

(864,482

)

 

$

16.60

 

 

 

(1,591,846

)

 

$

19.65

 

Forfeited

 

 

(11,653

)

 

$

12.27

 

 

 

(450,703

)

 

$

12.44

 

Nonvested awards at end of year

 

 

1,144,796

 

 

$

13.01

 

 

 

12,576,792

 

 

$

10.20

 

For the Year Ended December 31, 2022:

 

 

Vesting Based
on Service

 

 

Vesting Based on
Market/Performance
Conditions

 

 

 

Shares

 

 

Weighted-Average
Value at Award Date

 

 

Shares

 

 

Weighted-Average
Value at Award Date

 

Nonvested awards at beginning of the year

 

 

922,954

 

 

$

20.26

 

 

 

5,477,536

 

 

$

15.86

 

Awarded

 

 

659,393

 

 

$

21.18

 

 

 

1,828,971

 

 

$

18.45

 

Vested

 

 

(750,854

)

 

$

20.25

 

 

 

(2,924,722

)

 

$

13.87

 

Forfeited

 

 

(21,010

)

 

$

20.06

 

 

 

(32,704

)

 

$

19.17

 

Nonvested awards at end of year

 

 

810,483

 

 

$

21.02

 

 

 

4,349,081

 

 

$

18.26