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Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of restricted share and TB-PIU transactions under the entity's share-based compensation plans

The following table summarizes restricted share activity under our share-based compensation plans for the nine months ended September 30, 2023:


	Number of Shares	Weighted Average Grant Date Fair Value
Unvested as of December 31, 2022	325,083	$	26.27
Granted	205,836	$	25.37
Forfeited	(34,593)	$	26.03
Vested	(146,611)	$	26.07
Unvested as of September 30, 2023	349,715	$	25.85

The following table summarizes TB-PIUs activity under our share-based compensation plans for the nine months ended September 30, 2023:


	Number of TB-PIUs	Weighted Average Grant Date Fair Value
Unvested as of December 31, 2022	187,330	$	26.19
Granted	100,426	$	25.37
Forfeited	(27,182)	$	26.46
Vested	(89,633)	$	25.95
Unvested as of September 30, 2023	170,941	$	25.79

Schedule of payouts for defined performance under PB-PIUs

The number of earned awards at the end of the performance period will be determined based on the percentile rank of CDP’s total shareholder return (“TSR”) relative to a peer group of companies, as set forth in the following schedule:


Percentile Rank						Earned PB-PIUs Payout %
75th or greater						100% of PB-PIUs granted
50th (target)						50% of PB-PIUs granted
25th						25% of PB-PIUs granted
Below 25th						0% of PB-PIUs granted