Equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity

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
First quarter(1)	810,201	$	57.18-57.99	3.0	Service and Performance
Second quarter	87,536	$	66.48-70.91	1.0 - 4.0	Service
Third quarter	16,976	$	64.51	3.0	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	914,713	$	58.43
Forfeited	(38,726)	$	70.55
Vested	(595,519)	$	66.13
Balance, September 30, 2022	1,550,257	$	65.30