STOCK INCENTIVE PLANS (Tables)

9 Months Ended

Sep. 30, 2022

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

TABLE 13.1


	Nine Months Ended September 30,
	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	1,266,821	13.07		1,113,314	12.65
Acquired	60,300	9.41		—	—
Net adjustment due to performance	244,258	9.34		412,540	11.72
Vested	(1,683,372)	10.58		(1,309,476)	12.10
Forfeited/expired/canceled	(219,058)	10.95		(112,002)	10.94
Dividend reinvestment	137,976	11.91		134,600	12.26
Unvested units outstanding at end of period	4,487,711	10.31		4,561,091	9.74

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

TABLE 13.2


(in millions)	Nine Months Ended September 30,
	2022		2021
Stock-based compensation expense	$	15	$	17
Tax benefit related to stock-based compensation expense	3		4
Fair value of units vested	21		16

The components of the restricted stock units as of September 30, 2022 are as follows:

TABLE 13.3


(dollars in millions)	Service- Based Units		Performance- Based Units		Total
Unvested restricted stock units	2,858,668		1,629,043		4,487,711
Unrecognized compensation expense	$	11	$	1	$	12
Intrinsic value	$	33	$	19	$	52
Weighted average remaining life (in years)	1.91		1.30		1.69