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Stock Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Summary of Stock Option Activity | A summary of PSP activity for the years ended December 31, 2023, 2022 and 2021 is as follows:
|  | Weighted- average grant date fair value |  |  | Granted shares |  |  | Awarded shares |  |  | Shares not yet awarded |
Outstanding at January 1, 2021 |  | $ | 4.86 |  |  |  | 909,828 |  |  |  | 909,828 |  |  |  | — |
Granted |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awarded |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  | $ | 4.73 |  |  |  | (45,736 | ) |  |  | (45,736 | ) |  |  | — |
Forfeited |  | $ | 5.50 |  |  |  | (24,250 | ) |  |  | (24,250 | ) |  |  | — |
Outstanding at December 31, 2021 |  | $ | 4.87 |  |  |  | 839,842 |  |  |  | 839,842 |  |  |  | — |
Granted |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awarded |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  | $ | 4.81 |  |  |  | (101,900 | ) |  |  | (101,900 | ) |  |  | — |
Forfeited |  | $ | 4.80 |  |  |  | (29,562 | ) |  |  | (29,562 | ) |  |  | — |
Outstanding at December 31, 2022 |  | $ | 4.88 |  |  |  | 708,380 |  |  |  | 708,380 |  |  |  | — |
Granted |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awarded |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  | $ | 4.69 |  |  |  | (532,282 | ) |  |  | (532,282 | ) |  |  | — |
Forfeited |  | $ | 5.25 |  |  |  | (8,326 | ) |  |  | (8,326 | ) |  |  | — |
Outstanding at December 31, 2023 |  | $ | 5.47 |  |  |  | 167,772 |  |  |  | 167,772 |  |  |  | — |
A summary of 2010 SIP and 2019 SIP activity for the years ended December 31, 2023, 2022 and 2021 is as follows:
|  | Weighted- average grant date fair value |  |  | Granted shares |  |  | Awarded shares |  |  | Shares not yet awarded |  |
Outstanding at January 1, 2021 |  | $ | 19.89 |  |  |  | 9,694,337 |  |  |  | 6,919,847 |  |  |  | 2,774,490 |  |
Granted |  | $ | 46.05 |  |  |  | 1,143,094 |  |  |  | 204,826 |  |  |  | 938,268 |  | (1)
Awarded |  | $ | 25.80 |  |  |  | 310,147 |  |  |  | 1,272,554 |  |  |  | (962,407 | ) |
Vested |  | $ | 15.73 |  |  |  | (3,223,964 | ) |  |  | (3,223,964 | ) |  |  | — |  |
Forfeited |  | $ | 30.54 |  |  |  | (315,168 | ) |  |  | (147,702 | ) |  |  | (167,466 | ) |
Outstanding at December 31, 2021 |  | $ | 21.59 |  |  |  | 7,608,446 |  |  |  | 5,025,561 |  |  |  | 2,582,885 |  |
Granted |  | $ | 65.22 |  |  |  | 1,478,613 |  |  |  | 693,802 |  |  |  | 784,811 |  | (2)
Awarded |  | $ | 28.73 |  |  |  | 470,793 |  |  |  | 1,383,216 |  |  |  | (912,423 | ) |
Vested |  | $ | 20.09 |  |  |  | (2,179,476 | ) |  |  | (2,179,476 | ) |  |  | — |  |
Forfeited |  | $ | 37.78 |  |  |  | (313,428 | ) |  |  | (168,454 | ) |  |  | (144,974 | ) |
Outstanding at December 31, 2022 |  | $ | 25.01 |  |  |  | 7,064,948 |  |  |  | 4,754,649 |  |  |  | 2,310,299 |  |
Granted |  | $ | 56.39 |  |  |  | 1,558,826 |  |  |  | 235,738 |  |  |  | 1,323,088 |  | (3)
Awarded |  | $ | 47.60 |  |  |  | 330,310 |  |  |  | 977,447 |  |  |  | (647,137 | ) |
Vested |  | $ | 25.46 |  |  |  | (1,561,615 | ) |  |  | (1,561,615 | ) |  |  | — |  |
Forfeited |  | $ | 49.37 |  |  |  | (271,154 | ) |  |  | (129,889 | ) |  |  | (141,265 | ) |
Outstanding at December 31, 2023 |  | $ | 27.50 |  |  |  | 7,121,315 |  |  |  | 4,276,330 |  |  |  | 2,844,985 |  |
(1) Of the 938,268 p erform ance-based shares granted in 2021, the payout for 486,679 shares may be increased up to 200% of the target or decreased to zero, 21,651 shares may be increased up to 120% of the target or decreased to zero and 3,886 shares may be increased up to 150% or decreased to 50% of target subject to the level of performance attained. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (2) Of t he 784,811 performance-based shares granted in 2022, the payout for 378,836 shares may be increased up to 200% of the target or decreased to zero and 15,114 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (3) Of t he 1,323,088 performance-based shares grant in 2023, the payout for 615,575 shares may be increased up to 200% of the target or decreased to zero and 17,338 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%.
Summary of Non-Cash Stock-Based Compensation Expense | The non-cash stock-based compensation expense for the years ended December 31 is as follows:
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Stock incentive plan |  | $ | 75.3 |  |  | $ | 55.4 |  |  | $ | 50.7 |
Employee stock purchase plan |  |  | 12.5 |  |  |  | 10.4 |  |  |  | 9.9 |
Performance stock plan |  |  | 1.0 |  |  |  | 0.3 |  |  |  | 0.4 |
Sharesave plan |  |  | 0.6 |  |  |  |  |  |  |
Total |  | $ | 89.4 |  |  | $ | 66.1 |  |  | $ | 61.0 |
2010 Stock Incentive Plan |
Schedule of Performance Stock Plan and 2010 Stock Incentive Plan | The following table sets forth information as of December 31, 2023, 2022 and 2021, with respect to the number of time-based restricted shares granted and awarded, the number of performance-based restricted shares granted, and the number of performance-based restricted shares awarded under our Performance Stock Plan and 2010 and 2019 Stock Incentive Plans:
Year |  | Time-based restricted stock granted and awarded |  |  | Performance-based restricted stock granted |  |  | Performance-based restricted stock awarded |
2023 |  |  | 235,738 |  |  |  | 1,323,088 |  | (1) |  | 977,447 |
2022 |  |  | 693,802 |  |  |  | 784,811 |  | (2) |  | 1,383,216 |
2021 |  |  | 204,826 |  |  |  | 938,268 |  | (3) |  | 1,272,554 |
(1) O f the 1,323,088 performance-based shares granted in 2023, the payout for 615,575 shares may be increased up to 200% of the target or decreased to zero and 17,338 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (2) O f the 784,811 performance-based shares granted in 2022, the payout for 378,836 shares may be increased up to 200% of the target or decreased to zero and 15,114 shares may be increased up to 120% of the target or decreased to zero. The amount reflected in the table includes all time-based share grants at a target payout of 100%. (3) Of t he 938,268 perf ormance-based shares granted in 2021, the payout for 486,679 shares may be increased up to 200% of the target or decreased to zero, 21,651 shares may be increased up to 120% of the target or decreased to zero and 3,886 shares may be increased up to 150% or decreased to 50% of target subject to the level of performance attained. The amount reflected in the table includes all time-based share grants at a target payout of 100%.

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