STOCK INCENTIVE PLANS (Tables)

3 Months Ended

Mar. 31, 2022

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

TABLE 13.1


	Three Months Ended March 31,
	2022			2021
	Units	Weighted Average Grant Price per Share		Units	Weighted Average Grant Price per Share
Unvested units outstanding at beginning of period	4,680,786	$	9.71	4,322,115	$	9.46
Granted	495,844	14.22		542,136	12.61
Acquired	60,300	9.41		—	—
Net adjustment due to performance	—	—		327,256	11.84
Vested	(216,373)	8.77		(142,687)	7.29
Forfeited/expired/canceled	(18,239)	9.34		(8,334)	7.52
Dividend reinvestment	46,696	12.85		42,310	13.43
Unvested units outstanding at end of period	5,049,014	10.22		5,082,796	10.05

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

TABLE 13.2


(in millions)	Three Months Ended March 31,
	2022		2021
Stock-based compensation expense	$	9	$	12
Tax benefit related to stock-based compensation expense	2		3
Fair value of units vested	3		1

The components of the restricted stock units as of March 31, 2022 are as follows:

TABLE 13.3


(dollars in millions)	Service- Based Units		Performance- Based Units		Total
Unvested restricted stock units	2,971,430		2,077,584		5,049,014
Unrecognized compensation expense	$	7	$	1	$	8
Intrinsic value	$	37	$	26	$	63
Weighted average remaining life (in years)	1.71		1.52		1.63