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Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2023
Incentive Plans  
Market Performance Based Awards

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Market

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Performance

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RMS Relative

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Vesting

Level

Market Performance

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Percentage

Below Threshold Level

≤ -500 basis points

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0

%

Threshold Level

-500 basis points

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25

%

Target Level

0 basis points

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50

%

High Level

≥ 500 basis points

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100

%

Schedule of compensation expense and unearned compensation

Below is a summary of our compensation expense and our unearned compensation (in millions):

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period to

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Deferred Compensation

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Unearned Compensation

 

recognize

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Expensed

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Capitalized

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As of

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As of

 

unearned

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Three Months Ended June 30, 

    

June 30, 

​

December 31, 

 

compensation

Type of incentive award

    

2023

    

2022

    

2023

    

2022

    

2023

    

2022

    

(in years)

Long-term incentive units

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$

3.6

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$

6.4

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$

—

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$

—

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$

23.2

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$

20.7

 

2.4

Performance-based awards

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1.3

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5.6

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0.1

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0.1

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31.2

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30.3

 

2.5

Service-based restricted stock units

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8.3

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6.8

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1.4

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1.4

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0.4

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55.4

 

2.9

Interxion awards

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0.6

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1.1

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—

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—

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84.0

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1.9

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0.4

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Six Months Ended June 30, 

    

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2023

    

2022

    

2023

    

2022

    

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Long-term incentive units

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$

6.4

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$

11.6

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$

—

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$

0.1

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Performance-based awards

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5.4

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10.6

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0.1

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0.3

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Service-based restricted stock units

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16.0

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12.1

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2.5

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2.4

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Interxion awards

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1.3

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2.0

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—

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—

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Summary of Long-Term Incentive Unit Activity

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Weighted-Average

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Grant Date Fair

Unvested LTIP Units

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Units

 

Value

Unvested, beginning of period

 

279,258

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$

146.37

Granted

 

165,015

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99.54

Vested

 

(152,278)

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126.71

Cancelled or expired

 

(38,063)

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136.30

Unvested, end of period

 

253,932

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$

129.23

Summary of Restricted Stock Activity

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Weighted-Average

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Grant Date Fair

Unvested Restricted Stock Units

    

Shares

    

Value

Unvested, beginning of period

 

507,837

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$

131.57

Granted

 

498,648

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100.51

Vested

 

(180,853)

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121.95

Cancelled or expired

 

(39,154)

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116.92

Unvested, end of period

 

786,478

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$

114.82