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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity

A summary of the Company’s RSU activity is as follows:

  

   Number of
Shares
   Weighted
Average
Grant
Date
Fair
Value
Per Share
 
Unvested Outstanding at January 1, 2022   2,039,254   $8.60 
Granted (1)   543,178   $14.36 
Forfeited   (55,198)  $(11.06)
Vested (2)   (879,690)  $(7.18)
Unvested Outstanding at December 31, 2022   1,647,544   $11.11 

 

(1) The RSUs that were granted during the year ended December 31, 2022 included: (a) 48,716 RSUs under the Board’s compensation program for non-employee directors which vest during the year of grant and, at the election of the participant, may remain unsettled until the director leaves the Company; and (b) 450,882 RSUs under an incentive program for management and other personnel, as to which one-half was in the form of performance-based RSUs that are conditioned on attainment of performance criteria for fiscal year 2022 and subject to a time-based service period through December 31, 2024 and the other one-half vests in installments through December 31, 2024.
   
(2) The RSUs that vested during the year ended December 31, 2022 included: (a) 119,492 RSUs that are subject to deferred settlement terms; and (b) 682,474 RSUs that were settled on a net share basis on or about December 30, 2022, resulting in 374,546 shares being issued in and 307,928 withheld for taxes (the processing of the issuance and delivery of such 374,546 shares occurred partially in December 2022 (as to 42,319 shares) and partially in January 2023 (as to 332,227 shares)).
Schedule of Stock Based Compensation Expense

The Company recognized stock-based compensation expense as follows:

 

   Year Ended
December 31,
2022
   Year Ended
December 31,
2021
   Year Ended
December 31,
2020
 
   (in millions) 
Restricted Stock and RSUs  $10.1   $11.9   $4.6 
Payroll taxes on vesting of RSUs   0.7    1.1    0.2 
   $10.8   $13.0   $4.8