Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Awards Granted

During the first nine months of 2021, the Committee granted the following awards from the 2020 Long-Term Plan:

2020 Long-Term Incentive Plan

Type of Award	Number of Awards Granted	Grant Date	Grant Date Fair Value		Valuation Methodology
Performance Based RSUs 1	1,156,800	February 2, 2021	$	16.03	Monte Carlo at Grant Date
Time Based RSUs 2	385,600	February 2, 2021	$	12.30	Average Stock Price at Grant Date
Cash Settled RSUs 3	1,022,700	February 2, 2021	$	12.30	Average Stock Price at Grant Date

1 Performance based RSUs are scheduled to vest over a three year performance period.

2 Time based RSUs are generally scheduled to vest over three years from the date of grant.

3 Cash settled RSUs are scheduled to vest over three years from the date of grant.

During the first nine months of 2021, the Committee granted the following awards to Non-Employee Directors:

2018 Stock Plan for Non-Employee Directors

Type of Award	Number of Awards Granted	Grant Date	Grant Date Fair Value		Valuation Methodology
Time Based RSUs 1	182,652	February 3, 2021	$	13.14	Closing Stock Price at Grant Date

1 Non-employee directors time-based RSUs are scheduled to vest in February 2022.

2021 Stock Plan for Non-Employee Directors

Type of Award	Number of Awards Granted	Grant Date	Grant Date Fair Value		Valuation Methodology
Time Based RSUs 1	5,655	June 10, 2021	$	23.58	Closing Stock Price at Grant Date

1 Non-employee directors time-based RSUs are scheduled to vest in February 2022.

Share-Based Plans, Amounts Recognized in the Financial Statements

Amounts recognized in the financial statements with respect to share-based plans are shown in the following table:

	Nine Months Ended September 30,
(Thousands of dollars)	2021		2020
Compensation charged against income before tax benefit	$	29,145	17,542
Related income tax benefit recognized in income	4,120		2,278