Share-based compensation activity during year-to-date 2023 included the following:


SHARES IN THOUSANDS	GRANTED		VESTED
Restricted stock units (RSUs)		840		768
Performance share units (PSUs)		392		228

A total of 861 thousand shares of common stock were issued as a result of RSU vestings, PSU vestings and stock option exercises.

The weighted average fair value of the RSUs granted in 2023 was $33.77. The vesting provisions for RSUs granted in 2023 were consistent with prior year grants.

The weighted average grant date fair value of PSUs granted in 2023 was $37.58. The final number of shares granted in 2023 will vest between a range of 0 percent to 150 percent of each grant's target, depending upon actual company performance compared against an industry peer group. PSUs granted in 2023 will vest at a maximum of 100 percent of target value in the event of negative absolute company total shareholder return.

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.