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Share-Based Compensation
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation SHARE-BASED COMPENSATION
We granted 3.4 million restricted stock units (“RSUs”) during the 2020 first three quarters to certain officers and key employees, and those units vest generally over four years in equal annual installments commencing one year after the grant date. We also granted 0.1 million performance-based RSUs (“PSUs”) in the 2020 first three quarters to certain executive officers, which are earned, subject to continued employment and the satisfaction of certain performance conditions based on achievement of pre-established targets for gross room openings, active Marriott Bonvoy™ loyalty member growth, and adjusted operating income growth over, or at the end of, a three-year performance period. RSUs, including PSUs, granted in the 2020 first three quarters had a weighted average grant-date fair value of $101 per unit.
We recorded share-based compensation expense for RSUs and PSUs of $49 million in the 2020 third quarter and $44 million in the 2019 third quarter, $134 million in the 2020 first three quarters, and $130 million in the 2019 first three quarters. Deferred compensation costs for unvested awards for RSUs and PSUs totaled $372 million at September 30, 2020 and $176 million at December 31, 2019.