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Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Stock Option Awards Outstanding A summary of activity and weighted-average exercise prices related to the stock options were as follows:

 

 

Shares Under Option (thousands)

 

 

Weighted-Average Exercise Price

 

Outstanding at December 31, 2022

 

 

524

 

 

$

18.19

 

Exercised

 

 

(61

)

 

 

18.93

 

Outstanding at March 31, 2023

 

 

463

 

 

$

18.09

 

Vested and expected to vest at March 31, 2023

 

 

463

 

 

$

18.09

 

Vested and exercisable at March 31, 2023

 

 

463

 

 

$

18.09

 

 

Summary of Nonvested Restricted Stock Unit Awards

RSUs outstanding as of March 31, 2023 and December 31, 2022, and changes during the three months ended March 31, 2023, were as follows:

 

 

Shares (thousands)

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested at December 31, 2022

 

 

989

 

 

$

23.91

 

Granted

 

 

296

 

 

 

41.85

 

Vested

 

 

(455

)

 

 

18.71

 

Forfeited

 

 

(3

)

 

 

29.62

 

Nonvested at March 31, 2023

 

 

827

 

 

$

33.16

 

Summary of Nonvested Performance Share Units

PSUs outstanding as of March 31, 2023 and December 31, 2022, and changes during the three months ended March 31, 2023, were as follows:

 

 

Shares (thousands)

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested at December 31, 2022

 

 

903

 

 

$

22.31

 

Granted

 

 

412

 

 

 

30.13

 

Vested

 

 

(443

)

 

 

8.97

 

Forfeited

 

 

(25

)

 

 

8.98

 

Nonvested at March 31, 2023

 

 

847

 

 

$

33.47

 

Schedule of Performance Period of Shares Award

PSU awards consist of four performance periods, including three annual performance periods and one three-year cumulative performance period.

Year Granted

 

Performance/
Service Period

 

Estimated or Actual Attainment

 

PSUs Outstanding as of March 31, 2023
(Thousands)

 

 

Estimated PSU Attainment or Actual PSUs Earned
(Thousands)

 

2023

 

2023

 

146% (a)

 

 

66

 

 

 

96

 

2023

 

2024

 

(b)

 

 

66

 

 

 

 

2023

 

2025

 

(b)

 

 

66

 

 

 

 

2023

 

2023-2025

 

100% (c)

 

 

67

 

 

 

67

 

 

 

 

 

 

 

 

265

 

 

 

163

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

2022

 

140% (d)

 

 

68

 

 

 

95

 

2022

 

2023

 

43% (a)

 

 

68

 

 

 

29

 

2022

 

2024

 

(b)

 

 

69

 

 

 

 

2022

 

2022-2024

 

100% (c)

 

 

69

 

 

 

69

 

 

 

 

 

 

 

 

274

 

 

 

193

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

2021

 

200% (d)

 

 

77

 

 

 

154

 

2021

 

2022

 

87% (d)

 

 

77

 

 

 

67

 

2021

 

2023

 

72% (a)

 

 

77

 

 

 

56

 

2021

 

2021-2023

 

172% (a)

 

 

77

 

 

 

133

 

 

 

 

 

 

 

 

308

 

 

 

410

 

 

(a)
Amounts represent estimated attainment and estimated PSUs.
(b)
As the performance period has not yet commenced, expense is not being recognized.
(c)
Expense for the cumulative performance/service period is recognized at 100% of the estimated attainment until the end of the second service year.
(d)
Amounts represent actual attainment and actual PSUs earned as the performance period is complete.