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SHARE-BASED COMPENSATION PLANS
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
SHARE-BASED COMPENSATION PLANS SHARE-BASED COMPENSATION PLANS
During the three months ended September 30, 2024, a total of 1,744 shares of restricted stock were granted on September 12, 2024, with a fair value of $376.58 per share. During the three months ended September 30, 2023, a total of 4,580 shares of restricted stock were granted on September 8, 2023, with a fair value of $369.15 per share.
For the nine months ended September 30, 2024, a total of 220,703 shares of restricted stock were granted as follows: 207,839, 7,104, 4,016 and 1,744 of shares of restricted stock were granted on February 28, 2024, February 29, 2024, May 15, 2024 and September 12, 2024, respectively. The fair value per share of each restricted stock award was $369.52, $367.04, $377.80 and $376.58, respectively. Additionally, 18,713 performance share unit awards were granted on February 28, 2024, with a fair value of $369.52 per unit.
For the nine months ended September 30, 2023, a total of 179,676 shares of restricted stock were granted: 174,171, 925 and 4,580 shares of restricted stock were granted on February 23, 2023, May 18, 2023 and September 8, 2023, respectively. The fair value per share of each restricted stock award was $382.39, $372.91 and $369.15, respectively. Additionally, 14,975 performance share unit awards were granted on February 23, 2023, with a fair value of $382.39 per unit.