STOCK INCENTIVE PLANS (Tables)

6 Months Ended

Jun. 30, 2021

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

TABLE 12.1


	Six Months Ended June 30,
	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	1,102,607	12.66		1,988,225	6.95
Net adjustment due to performance	327,256	11.84		—	—
Vested	(1,229,683)	12.16		(591,880)	14.50
Forfeited/expired/canceled	(75,132)	11.55		(159,760)	13.36
Dividend reinvestment	84,619	13.10		104,501	8.02
Unvested units outstanding at end of period	4,531,782	9.71		4,199,443	9.48

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

TABLE 12.2


(in millions)	Six Months Ended June 30,
	2021		2020
Stock-based compensation expense	$	14	$	11
Tax benefit related to stock-based compensation expense	3		2
Fair value of units vested	15		4

The components of the restricted stock units as of June 30, 2021 are as follows:

TABLE 12.3


(dollars in millions)	Service- Based Units		Performance- Based Units		Total
Unvested restricted stock units	2,980,437		1,551,345		4,531,782
Unrecognized compensation expense	$	12	$	2	$	14
Intrinsic value	$	37	$	19	$	56
Weighted average remaining life (in years)	2.02		1.08		1.70