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Equity (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Restricted Stock Activity

A summary of restricted shares and RSUs granted in 2022 is as follows:

Number of shares

Grant date fair 

Vesting period

Dates

    

granted

    

value per share

    

(in years)

    

Vesting criteria

March 10, 2022(1)

809,166

$

57.18

3.0

Service and Performance

Various

88,571

$

57.99 - 70.91

1.0 - 4.0

Service

(1)This award is subject to an independent performance target for each of three consecutive 12-month measurement periods. Vesting of each tranche is independent of the satisfaction of the annual performance target for other tranches.

Activity related to restricted stock and RSUs in 2022 is as follows:

Weighted average 

grant date

    

Shares

    

fair value

Balance, December 31, 2021

1,269,789

    

$

70.79

Granted

 

897,737

$

58.32

Forfeited

 

(24,149)

$

70.27

Vested

 

(586,838)

$

65.97

Balance, June 30, 2022

 

1,556,539

$

65.42