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Stock-Based Compensation
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation
6.     STOCK-BASED COMPENSATION
The Stock Award and Incentive Plan ("SAIP") provides for the granting of various stock awards to eligible employees of JLL. These awards have historically been RSUs which generally vest over three years (either cliff or graded vesting) and PSUs which generally vest in three years (cliff vesting), subject to performance and, for certain awards, market conditions.
There were approximately 0.6 million shares available for grant under the SAIP as of December 31, 2022. We also have a stock-based compensation plan for our U.K.-based employees, the SAYE plan, that allows for the purchase of stock at a 15% discount from the market price at the beginning of the plan's vesting periods. While there have been no options granted under the SAYE plan since 2017, approximately 281 thousand shares remain available for grant as of December 31, 2022.
Stock-based compensation expense, excluding expense related to retention awards issued in conjunction with acquisitions, is included within Compensation and benefits expense on the Consolidated Statements of Comprehensive Income. The expense related to retention awards issued in conjunction with acquisitions is included within Restructuring and acquisition charges. Stock-based compensation expense by award type is presented below.
Year Ended December 31,
(in millions)202220212020
Restricted stock unit awards$48.5 37.7 41.8 
Performance stock unit awards26.8 42.4 5.5 
SAYE— — 0.2 
Total$75.3 80.1 47.5 
Restricted Stock Units and Performance Stock Units
RSU Shares
(in 000's)		PSU Shares
(in 000's)		Total Shares
(in 000's)		Weighted Average
Grant Date
Fair Value		Weighted Average
Remaining
Contractual Life (in years)
Unvested as of December 31, 2019
1,532.3 286.8 1,819.1 $141.51 2.39
Granted173.1 276.4 449.5 124.98 
Vested(571.1)— (571.1)137.99 
Forfeited(38.1)(31.7)(69.8)136.00 
Unvested as of December 31, 2020
1,096.2 531.5 1,627.7 137.42 1.69
Granted335.7 218.9 554.6 189.40 
Vested(471.1)(79.0)(550.1)145.54 
Forfeited(48.4)(25.4)(73.8)148.97 
Unvested as of December 31, 2021
912.4 646.0 1,558.4 152.27 1.99
Granted353.2 116.5 469.7 204.05 
Vested(395.7)(175.1)(570.8)147.78 
Forfeited(28.6)(20.4)(49.0)168.92 
Unvested as of December 31, 2022
841.3 567.0 1,408.3 $170.78 1.79
As of December 31, 2022, we had $79.4 million of unamortized deferred compensation related to unvested RSUs and PSUs, which we anticipate to be recognized over varying periods into 2026.
Shares vested during the years ended December 31, 2022, 2021 and 2020, had grant date fair values of $84.3 million, $80.1 million, and $78.8 million, respectively. Shares granted during the years ended December 31, 2022, 2021 and 2020 had grant date fair values of $95.8 million, $105.0 million and $56.2 million, respectively.