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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Activity
A summary of the 2024 RSA's, RSU's, and PSUs granted to certain executives, employees, and the Board of Directors is presented below (shares/units in thousands):
Grant YearAward Type
Number of Units Awarded(1)
Vesting Terms
2024PSU63
Three-year performance and service period ending in 2026
2024RSU138
Vest equally over three service periods ending in 2026
2024RSU6
One year service period ending in 2025
2024RSA4
One year service period ending in 2025
(1) PSUs presented are based on the target number of units for the original PSU grant.
Schedule of 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, December 31, 2021958 $41.50 358 $67.51 1,316 $45.14 
Granted68 $110.13 134 $111.08 202 $110.76 
Performance adjustment(1)
94 $91.23 — $— 94 $91.23 
Vested(368)$57.66 (183)$79.45 (551)$64.83 
Forfeited(11)$106.90 (12)$102.36 (23)$104.41 
Balance, December 31, 2022741 $45.04 297 $80.09 1,038 $55.07 
Granted62 $134.12 142 $124.89 204 $127.69 
Performance adjustment(1)
49 $127.15 — $— 49 $127.15 
Vested(305)$62.10 (164)$90.10 (469)$71.91 
Forfeited— $— (7)$99.74 (7)$99.74 
Balance, December 31, 2023547 $99.64 268 $69.60 815 $139.72 
Granted63$115.22 148 $123.37 211$120.93 
Performance adjustment(1)
68$110.12 — $— 68$110.13 
Vested(343)$68.11 (163)$99.51 (506)$78.25 
Forfeited— $— (12)$122.46 (12)$122.46 
Balance, December 31, 2024335$60.83 241$110.48 576$81.58 
(1)Adjustment to number of target units awarded for PSUs based on achievement of underlying performance goals.
Schedule 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), on December 31, 2024, is presented below:
(in millions, except years)December 31, 2024Weighted Average Remaining Vesting Period (Years)
Unrecognized expense:
RSU & RSA$9.6 1.84
PSU1.1 1.35
Total$10.7 1.79