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SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2023
Share Based Compensation [Abstract]  
Schedule of Share-Based Compensation Activity

Share-based compensation activity during first quarter 2023 included the following:

 

SHARES IN THOUSANDS

 

GRANTED

 

 

VESTED

 

Restricted stock units (RSUs)

 

 

835

 

 

 

746

 

Performance share units (PSUs)

 

 

392

 

 

 

228

 

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

Weighted Average Assumptions Used in Estimating the Value of Performance Share Units Granted in 2023

 

 

 

PERFORMANCE SHARE UNITS

Performance period

 

2/09/2023 – 12/31/2025

Valuation date average stock price(1)

 

$33.96

Expected dividends

 

2.25%

Risk-free rate

 

4.21% – 4.66%

Expected volatility

 

29.26% – 40.19%

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