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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Activity
A summary of the 2020 RSUs, and PSUs granted to certain NEOs, employees, and the Board of Directors is presented below (shares/units in thousands):
Grant YearAward Type
Number of Units Awarded(1)
Vesting Terms
2020RSU82
Vest equally over three service periods ending in 2021, 2022, and 2023
2020PSU37
Three-year performance and service period ending in 2022
2020RSU12
One year service period ending in 2021
(1) PSUs presented are based on the target number of units for the original PSU grant.
Activity for Awards Made Outside of Share-Based Compensation Plans
Activity for our RSAs, RSUs, and PSUs is presented below (shares/units in thousands):
PSUsRSAs and RSUsTotal
(in thousands, except grant date values)Number of
Shares/Units
Weighted
Average
Grant Date
Fair Value
Number of
Shares/Units
Weighted
Average
Grant Date
Fair Value
Number of
Shares/Units
Weighted
Average
Grant Date
Fair Value
Balance as of December 31, 2017124 $51.59 316 $45.51 440 $47.23 
Granted256 $68.32 193 $84.78 449 $75.39 
Performance adjustment(1)
70 $47.01 — $— 70 $47.01 
Vested(129)$47.01 (217)$46.35 (346)$46.60 
Canceled/forfeited— $— (17)$54.49 (17)$54.49 
Balance as of December 31, 2018321 $65.77 275 $72.03 596 $68.66 
Granted58 $92.90 130 $94.42 188 $93.96 
Performance adjustment(1)
87 $55.75 — $— 87 $55.75 
Vested(152)$55.75 (135)$68.15 (287)$61.57 
Canceled/forfeited— $— (5)$77.59 (5)$77.59 
Balance as of December 31, 2019314 $72.84 265 $85.07 579 $78.45 
Granted37$182.45 94$150.12 131$159.3 
Performance adjustment(1)
41$90.73 — $— 41$90.73 
Vested(90)$90.73 (121)$90.01 (211)$90.32 
Canceled/forfeited— $— (3)$121.39 (3)$121.39 
Balance as of December 31, 2020302$83.40 235$107.90 537$94.14 
(1)Adjustment to number of target units awarded for PSUs based on achievement of performance and TSR goals.
Summary of Unrecognized Stock-based Compensation Expense
A summary of total unrecognized stock-based compensation expense related to RSAs, RSUs, and PSUs (based on current performance estimates), at December 31, 2020 is presented below:
(in millions, except years)December 31, 2020Weighted Average Remaining Vesting Period (Years)
Unrecognized expense:
RSA$0.8 1.02
RSU9.9 2.29
PSU14.2 2.72
Total$24.9 2.49