STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement [Text Block]

STOCK-BASED COMPENSATION

A summary of the Company's stock-based compensation plans can be found in Note 21 to the Consolidated Financial Statements included in the 2020 10-K.

Stock Incentive Plan

The Company grants stock-based compensation to employees and non-employee directors under the 2019 Stock Incentive Plan. Most of the Company's stock-based compensation awards are granted in the first quarter of each year.

In the first quarter of 2021, Dow Inc. granted the following stock-based compensation awards to employees:

•1.3 million stock options with a weighted-average exercise price of $57.67 per share and a weighted-average fair value of $10.37 per share;

•1.6 million restricted stock units with a weighted-average fair value of $57.70 per share; and

•1.2 million performance stock units with a weighted-average fair value of $61.48 per share.

The Company's Board unanimously approved the Dow Inc. 2021 Employee Stock Purchase Plan, which was approved by the Company's stockholders at the 2021 Annual Meeting of Stockholders held on April 15, 2021.