XML 51 R36.htm IDEA: XBRL DOCUMENT v3.22.4
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair values of stock options and stock-settled stock appreciation rights, as disclosed in the table above, were estimated using the following weighted-average assumptions in the respective periods:
Year Ended December 31,
202220212020
Risk free interest rate2.0%0.8%1.4%
Expected life (in years)775
Expected volatility43%41%30%
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table sets forth a summary of restricted stock units and related information for the periods presented:
Year Ended December 31,
202220212020
AwardsWeighted-Average
Fair
Value
AwardsWeighted-Average
Fair
Value
AwardsWeighted-Average
Fair
Value
Unvested at beginning of year974,162 $53.48 921,495 $43.15 363,729 $60.00 
Granted234,800 122.13 314,480 77.81 656,717 37.44 
Vested(393,194)53.13 (232,152)44.10 (83,253)69.17 
Forfeited(41,535)66.30 (29,661)63.86 (15,698)56.79 
Unvested at end of year774,233 $73.79 974,162 $53.48 921,495 $43.15 
The following table sets forth a summary of performance-based awards and related information for the periods presented:
Year Ended December 31,
202220212020
AwardsWeighted-Average
Fair
Value
AwardsWeighted-Average
Fair
Value
AwardsWeighted-Average
Fair
Value
Unvested at beginning of year380,819 $59.23 305,269 $52.61 195,305 $60.24 
     Granted83,991 122.09 122,812 76.76 158,756 49.56 
     Vested(115,394)54.64 (22,371)62.80 (25,909)78.04 
     Forfeited(14,087)60.75 (24,891)61.26 (22,883)69.39 
Unvested at end of year335,329 $75.26 380,819 $59.23 305,269 $52.61 
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
During the years ended December 31, 2022, 2021 and 2020, Wesco granted the following stock options, stock-settled stock appreciation rights, restricted stock units, and performance-based awards at the following weighted-average fair values:
Year Ended December 31,
202220212020
Stock options granted92,799 — — 
Weighted-average fair value$57.15 n/an/a
Stock-settled stock appreciation rights granted— 139,592 262,091 
Weighted-average fair valuen/a$33.19 $13.86 
Restricted stock units granted234,800 314,480 656,717 
Weighted-average fair value$122.13 $77.81 $37.44 
Performance-based awards granted83,991 122,812 158,756 
Weighted-average fair value$122.09 $76.76 $49.56 
Share-Based Payment Arrangement, Stock Appreciation Right, Activity
The following table sets forth a summary of stock-settled stock appreciation rights and related information for the periods presented:
Year Ended December 31,
 202220212020
AwardsWeighted-Average
Exercise
Price
Weighted-Average
Remaining
Contractual
Life
Aggregate
Intrinsic
Value
(In thousands)
AwardsWeighted-Average
Exercise
Price
AwardsWeighted-Average
Exercise
Price
Beginning of year1,370,388 $62.09   2,161,556 $60.48 2,337,049 $59.72 
Granted— —   139,592 77.05 262,091 48.32 
Exercised(113,382)61.90   (916,906)60.70 (391,339)47.11 
Forfeited(8,891)73.35   (13,854)54.42 (46,245)65.93 
End of year1,248,115 62.02 5.2$78,850 1,370,388 62.09 2,161,556 60.48 
Exercisable at end of year
1,083,320 $61.91 4.9$68,567 1,001,708 $62.79 1,630,891 $62.72 
Share-Based Payment Arrangement, Option, Activity
The following table sets forth a summary of stock options and related information for the period presented:
Year Ended December 31,
 2022
AwardsWeighted-Average
Exercise
Price
Weighted-Average
Remaining
Contractual
Life
Aggregate
Intrinsic
Value
(In thousands)
Beginning of year— $— 
Granted92,799 121.58 
Exercised— — 
Forfeited(5,452)122.09 
End of year87,347 121.55 9.1$319 
Exercisable at end of year
879 $122.09 0.6$