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Long-Term Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Restricted Stock Units (RSUs) [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Options, RSU and Performance Share Awards

The following table summarizes the activity for RSUs for the three months ended March 31, 2021 (units in thousands):

 

 

 

 

 

 

 

Weighted Average

 

 

 

Unvested RSUs

 

 

Grant Date Fair Value

 

Balance at January 1, 2021

 

 

986

 

 

$

80.32

 

Granted (1)

 

 

611

 

 

 

73.46

 

Vested and distributed

 

 

(337

)

 

 

75.98

 

Forfeited

 

 

(90

)

 

 

71.70

 

Balance at March 31, 2021

 

 

1,170

 

 

$

78.65

 

 

 

 

 

 

 

 

 

 

(1)

Included in granted are unvested units based on the POP performance criteria being met for the 2018 – 2020 performance period and represented the earned award amounts. Unvested units are included in the award discussion above. These amounts also include awards earned for prior performance periods related to the compensation pool in excess of the initial award.

Long Term Incentive Plan Units [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Options, RSU and Performance Share Awards

The following table summarizes the activity for LTIP Units for the three months ended March 31, 2021 (units in thousands):

 

 

 

Unvested

 

 

Unvested Weighted Average

 

 

 

LTIP Units

 

 

Grant Date Fair Value

 

Balance at January 1, 2021

 

 

3,052

 

 

$

66.50

 

Granted (1)

 

 

1,253

 

 

 

58.63

 

Forfeited

 

 

(23

)

 

 

31.80

 

Vested LTIP Units (2)

 

 

(791

)

 

 

76.98

 

Balance at March 31, 2021

 

 

3,491

 

 

$

61.53

 

 

(1)

Included in granted are unvested units based on the POP performance criteria being met for the 2018 – 2020 performance period and represented the earned award amounts. Unvested units are included in the award discussion above. These amounts also include awards earned for prior performance periods related to the compensation pool in excess of the initial award.

 

(2)

Vested LTIP Units include vested POP LTIP Units from prior performance periods.