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Subsequent Events
9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Stock Options

On October 15, 2020, the Company granted 388,892 stock options under our 2020 Incentive Award Plan, to certain employees and non-management directors at an exercise price of $13.82 that vest over a four-year period ending on October 15, 2024 and have a 10-year term from the date of grant.
Pensions
On November 4, 2020, the Company entered into an agreement with an insurance company to purchase a group annuity contract to settle the projected benefit obligations for approximately 500 participants in two of the Company’s non-contributory defined benefit pension plans. The irrevocable transaction for the transfer of the pension liability to the insurance company was funded on November 4, 2020 using the plans’ existing assets. Payments from the insurance company to the beneficiaries will commence on January 1, 2021.