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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Summary of Stock Option Plans
A summary of activity under United’s stock option plans as of June 30, 2022, and the changes during the first six months of 2022 are presented below:
 
    
Six Months Ended June 30, 2022
 
                  
Weighted Average
 
    
Shares
    
Aggregate
Intrinsic
Value
    
Remaining
Contractual
Term (Yrs.)
    
Exercise
Price
 
Outstanding at January 1, 2022
     2,149,117                        $  32.01  
Granted
     0                          0.00  
Exercised
     (319,573                        22.35  
Forfeited or expired
     (102,643                        28.60  
    
 
 
                      
 
 
 
Outstanding at June 30, 2022
     1,726,901      $  5,922        4.7      $ 33.97  
    
 
 
    
 
 
    
 
 
    
 
 
 
Exercisable at June 30, 2022
     1,556,009      $ 5,631        4.4      $ 33.92  
    
 
 
    
 
 
    
 
 
    
 
 
 
Changes to United's Restricted Common Shares
The following summarizes the changes to United’s nonvested restricted common shares for the period ended June 30, 2022:
 
    
Shares
    
Weighted-Average

Grant Date Fair Value
Per Share
 
Nonvested at January 1, 2022
     383,971      $  35.21  
Granted
     156,988        36.23  
Vested
     (154,694      35.80  
Forfeited
     (8,657 )      35.97  
    
 
 
    
 
 
 
Nonvested at June 30, 2022
     377,608      $ 35.38  
    
 
 
    
 
 
 
Status of United's Nonvested Stock Option Awards
The following table summarizes the status of United’s nonvested stock option awards during the first six months of 2022:
 
    
Shares
    
Weighted-Average

Grant Date Fair Value
Per Share
 
Nonvested at January 1, 2022
     395,034      $ 7.33  
Granted
     0        0.00  
Vested
     (215,926      8.11  
Forfeited or expired
     (8,216      11.06  
    
 
 
    
 
 
 
Nonvested at June 30, 2022
     170,892      $ 6.16  
    
 
 
    
 
 
 
Restricted Stock Units (RSUs) [Member]  
Status of United's Nonvested Stock Option Awards
The following table summarizes the status of United’s nonvested RSUs during the first six months of
2022:
 
 
  
Shares
 
  
Weighted-Average

Grant Date Fair Value
Per Share
 
Nonvested at January 1, 2022
     136,896      $  35.65  
Granted
     147,511        35.46  
Vested
     (18,248 )
 
     37.05  
Forfeited or expired
     0        0.00  
    
 
 
    
 
 
 
Nonvested at June 30, 2022
     266,159      $ 35.45