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Share-Based Compensation
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation

Note 14 – Share-Based Compensation

The following table summarizes the costs associated with the Company’s share-based compensation plans:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

(in millions)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

 

$

6.5

 

 

$

6.3

 

 

$

32.3

 

 

$

52.0

 

PRSUs

 

 

1.0

 

 

 

0.2

 

 

 

3.5

 

 

 

2.7

 

Employee stock purchase plan

 

 

1.4

 

 

 

1.7

 

 

 

5.1

 

 

 

5.5

 

 

$

8.9

 

 

$

8.2

 

 

$

40.9

 

 

$

60.2

 

 

The following table summarizes RSU and PRSU activity for the nine months ended September 30, 2023:

 

(in millions, except weighted-average grant-date fair value)

 

Shares

 

 

Weighted-average
grant-date
fair value

 

Unvested at December 31, 2022

 

 

0.9

 

 

$

63.01

 

Granted during 2023

 

 

0.8

 

 

$

63.23

 

Vested during 2023

 

 

(0.7

)

 

$

62.44

 

Unvested at September 30, 2023

 

 

1.0

 

 

$

63.62

 

 

In March 2023, the Company’s board of directors approved an amendment and restatement of the Company's 2020 Incentive Compensation Plan (the “Incentive Compensation Plan”), effective May 9, 2023. The Incentive Compensation Plan, increases the maximum number of shares of Company common stock available for grant from 4.3 million to 6.5 million.