Share-based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Restricted Stock Award Transactions

A summary of the activity for RSUs at and for the three months ended March 31, 2021 is presented below:

	Number of Units	Weighted-average Grant Date Fair Value Per Unit
Outstanding at December 31, 2020	2,015,514	$	31.25
Granted	686,885	47.41
Forfeited/canceled	(56,707)	32.93
Vested	(121,476)	45.07
Outstanding at March 31, 2021	2,524,216	$	34.94

The Corporation's restricted stock award transactions were as follows:

	Number of Awards	Weighted-Average Grant Date Fair Value Per Award
Outstanding at December 31, 2020	505,162	$	38.57
Granted	27,417	47.41
Forfeited/canceled	(3,983)	40.48
Vested	(50,264)	40.38
Outstanding at March 31, 2021	478,332	$	38.88

Schedule of Total Expense for Restricted Stock Awards

The following table provides information regarding total expense for restricted stock awards:

	Three Months Ended March 31,
(In thousands)	2021		2020
Restricted stock expense related to employees(1)	$	5,692	$	4,724
Restricted stock expense related to directors(2)	470		—
Total restricted stock expense	$	6,162	$	4,724

(1)Included in "Compensation and employee benefits" in the Consolidated Statements of Income.

(2)Included in "Other noninterest expense" in the Consolidated Statements of Income.

Stock Option Activity

A summary of activity for the Corporation's stock options at and for the three months ended March 31, 2021 is presented below:

	Non-Vested Stock Options Outstanding			Stock Options Outstanding
	Number of Options	Weighted-average Exercise Price		Number of Options	Weighted-average Exercise Price
Outstanding at December 31, 2020	55,722	$	41.23	401,636	$	31.69
Exercised	—	—		(156,347)	27.74
Forfeited/canceled	(135)	53.72		—	—
Vested	(43,272)	38.00		43,272	38.00
Outstanding at March 31, 2021	12,315	$	52.46	288,561	$	35.05
Exercisable/vested at March 31, 2021				288,561	$	35.05