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Stock-Based Compensation
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

6. Stock-Based Compensation

 

The following table summarizes our stock-based compensation expense (including stock options, restricted stock units ("RSUs") and performance stock units ("PSUs")) for the three months ended March 31, 2023 and 2022:

 

 

 

Three months ended
March 31,

 

(in millions)

 

2023

 

 

2022

 

Stock option compensation expense

$

 

1.9

 

$

 

2.1

 

RSU compensation expense

 

 

2.3

 

 

 

2.1

 

PSU compensation expense

 

 

1.4

 

 

 

0.7

 

Total stock-based compensation expense

$

 

5.6

 

$

 

4.9

 

 

We generally recognize compensation expense for stock-based awards ratably over the vesting period. During the first quarter of 2023, stock compensation grants were made consisting of 1,647,434 RSUs and 2,154,290 PSUs.

 

The following table summarizes our unrecognized compensation expense and the weighted-average period over which the expense will be recognized as of March 31, 2023:

 

 

 

March 31, 2023

(in millions, except weighted average years)

 

Unrecognized Compensation Expense

 

Weighted Average Years Expense To Be Recognized Over

Stock options

 

$1.7

 

1.7

RSUs

 

$4.9

 

2.7

PSUs

 

$10.2

 

2.3