SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2019

Share-based compensation activity during quarter-to-date 2019 included the following:



SHARES IN THOUSANDS	GRANTED	VESTED
Restricted Stock Units (RSUs)	894	599
Performance Share Units (PSUs)	421	153

A total of 725 thousand shares of common stock were issued as a result of RSU vestings, PSU vestings and stock option exercises.

Restricted Stock Units

The weighted average fair value of the RSUs granted in 2019 was $25.83. The vesting provisions for RSUs granted in 2019 were consistent with prior year grants.

Performance Share Units

The weighted average grant date fair value of PSUs granted in 2019 was $29.66. The final number of shares granted in 2019 will range from 0 percent to 150 percent of each grant's target, depending upon actual company performance compared against the S&P 500 as well as an industry peer group. These measures are consistent with those utilized in prior year grants. The vesting provisions for PSUs granted in 2019 were consistent with prior year grants.

Weighted Average Assumptions Used in Estimating the Value of Performance Share Units Granted in 2019



	PERFORMANCE SHARE UNITS
Performance period	1/1/2019		–	12/31/2021
Valuation date average stock price⁽¹⁾	$25.83
Expected dividends	5.25%
Risk-free rate	2.43	%	–	2.55%
Expected volatility	22.50	%	–	27.40%


(1)	Calculated as an average of the high and low prices on grant date.