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Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Equity Grant Policy
The Human Capital & Compensation Committee has adopted an Equity Grant Policy with respect to the issuance of equity awards under our equity plans. Under the Equity Grant Policy, the Human Capital & Compensation Committee approves all equity awards to our executive officers (other than our CEO) and certain other members of senior management, and our Board approves all equity awards to our CEO and to our non-employee directors. The grant date for annual awards to all employees (other than awards under our Performance Share Unit and Long-Term Incentive Plan (“LTIP”)) and for annual awards to our non-employee directors is the date of the Company’s annual meeting of shareholders. The grant date for our Performance Share Unit Awards and LTIP Awards is the date that the applicable metrics are approved, which typically occurs at the Committee’s regularly scheduled meeting in late February/early March. In addition to the annual grants, equity awards may be granted “off-cycle” at other times during the year to new hires, for promotions, retention purposes, director appointments or other special circumstances. The Company makes off-cycle grants to new hires on the first day of the month following the date of hire. For 2024 grants, the grant price of equity awards (other than PSU awards) is the closing price of our common stock on the NYSE on the date of the grant. The grant price for PSU awards is the trailing twenty-day average closing price of our common stock on the NYSE as of the first trading day of the applicable PSU performance period. Starting with the 2025 annual awards, both RSU and PSU awards will be granted in April 2025 using the closing price of our common stock on the NYSE on the date of grant.
We do not schedule our equity grants in anticipation of the release of material, non-public information (“MNPI”), nor do we time the release of MNPI based upon grant dates of equity nor do we time disclosure of the MNPI for the purposes of affecting the value of executive compensation.
During the last completed fiscal year, we did not award any stock options or stock-settled appreciation rights to any of our NEOs.
Award Timing Method
The Human Capital & Compensation Committee has adopted an Equity Grant Policy with respect to the issuance of equity awards under our equity plans. Under the Equity Grant Policy, the Human Capital & Compensation Committee approves all equity awards to our executive officers (other than our CEO) and certain other members of senior management, and our Board approves all equity awards to our CEO and to our non-employee directors. The grant date for annual awards to all employees (other than awards under our Performance Share Unit and Long-Term Incentive Plan (“LTIP”)) and for annual awards to our non-employee directors is the date of the Company’s annual meeting of shareholders. The grant date for our Performance Share Unit Awards and LTIP Awards is the date that the applicable metrics are approved, which typically occurs at the Committee’s regularly scheduled meeting in late February/early March. In addition to the annual grants, equity awards may be granted “off-cycle” at other times during the year to new hires, for promotions, retention purposes, director appointments or other special circumstances. The Company makes off-cycle grants to new hires on the first day of the month following the date of hire. For 2024 grants, the grant price of equity awards (other than PSU awards) is the closing price of our common stock on the NYSE on the date of the grant. The grant price for PSU awards is the trailing twenty-day average closing price of our common stock on the NYSE as of the first trading day of the applicable PSU performance period. Starting with the 2025 annual awards, both RSU and PSU awards will be granted in April 2025 using the closing price of our common stock on the NYSE on the date of grant.
Award Timing Predetermined true
Award Timing MNPI Considered false
Award Timing, How MNPI Considered
We do not schedule our equity grants in anticipation of the release of material, non-public information (“MNPI”), nor do we time the release of MNPI based upon grant dates of equity nor do we time disclosure of the MNPI for the purposes of affecting the value of executive compensation.
MNPI Disclosure Timed for Compensation Value false