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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Activity of Non-Vested Restricted Stock Awards
The following table summarizes activity of non-vested restricted stock awards for the year ended December 31, 2019: 
 
 
Restricted
Shares

 
Weighted-
Average Grant-
Date Fair Value
 
Non-vested at January 1, 2019
 
3,960,560

 
 
$
25.59

Granted1
 
928,324

 
 
30.10

Vested
 
(966,258
)
 
 
26.73

Forfeited
 
(141,431
)
 
 
23.91

Non-vested at December 31, 2019
 
3,781,195

 
 
$
26.47

1
During 2019, Federated awarded 498,324 shares of restricted Class B common stock in connection with a bonus program in which certain key employees received a portion of their bonus in the form of restricted stock under the Plan. This restricted stock, which was granted on the bonus payment date and issued out of treasury, generally vests over a three-year period. Also during 2019, Federated awarded 430,000 shares of restricted Class B common stock to certain key employees. These restricted stock awards generally vest over a ten-year period.