SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2018

NOTE H – SHARE-BASED COMPENSATION

Stock Awards

As of September 30, 2018 and December 31, 2017, the Company had outstanding restricted stock units granted under the 2005 Ownership Incentive Plan (the “2005 Plan”). The 2005 Plan, as amended, provides for the granting of 3.1 million shares, which may be awarded as incentive and nonqualified stock options, stock appreciation rights, restricted stock, or restricted stock units (“RSUs”).

Restricted Stock Units

A summary of the Company’s restricted stock unit award program is presented below:


		Weighted-Average
		Grant Date
	Units	Fair Value
Outstanding – January 1, 2018	1,459,260	$	22.98
Granted	229,560	$	44.50
Vested	(54,039)	$	23.88
Forfeited(1)	(5,611)	$	24.27
Outstanding – September 30, 2018	1,629,170	$	25.97

¹⁾

Forfeitures are recognized as they occur.