STOCK INCENTIVE PLANS (Tables)

3 Months Ended

Mar. 31, 2021

The following table summarizes the activity relating to restricted stock units during the periods indicated:

TABLE 12.1


	Three Months Ended March 31,
	2021			2020
	Units	Weighted Average Grant Price per Share		Units	Weighted Average Grant Price per Share
Unvested units outstanding at beginning of period	4,322,115	$	9.46	2,858,357	$	12.56
Granted	542,136	12.61		1,988,225	6.95
Net adjustment due to performance	327,256	11.84		—	—
Vested	(142,687)	7.29		(1,717)	14.15
Forfeited/expired	(8,334)	7.52		(11,362)	12.85
Dividend reinvestment	42,310	13.43		39,865	8.57
Unvested units outstanding at end of period	5,082,796	10.05		4,873,368	10.23

The following table provides certain information related to restricted stock units:

TABLE 12.2


(in millions)	Three Months Ended March 31,
	2021		2020
Stock-based compensation expense	$	12	$	8
Tax benefit related to stock-based compensation expense	3		2
Fair value of units vested	1		—

The components of the restricted stock units as of March 31, 2021 are as follows:

TABLE 12.3


(dollars in millions)	Service- Based Units		Performance- Based Units		Total
Unvested restricted stock units	3,076,326		2,006,470		5,082,796
Unrecognized compensation expense	$	7	$	3	$	10
Intrinsic value	$	39	$	25	$	64
Weighted average remaining life (in years)	1.64		1.27		1.49