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Share-Based Compensation Plans
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Share-Based Compensation Plans

(4) Share-Based Compensation Plans

During the three months ended March 31, 2022 and 2021, we recognized share-based compensation expense of $10.6 and $7.5, respectively. The expense relates to stock options, deferred stock, restricted stock and performance share units. We recognize share-based compensation expense in selling and administrative expenses on a straight-line basis over the service period of each award. Consideration received from share-based awards was $0.3 and $1.7 for the three months ended March 31, 2022 and 2021, respectively.

Our annual grant of share-based compensation generally takes place during the first quarter of each fiscal year. The number of shares granted to employees and members of our Board of Directors, and the weighted-average fair value per share for shares granted during the first quarter of 2022 and 2021 are presented in the table below:

 

 

 

For the Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

Shares
Granted
(thousands)

 

 

Wtd.-Avg.
Per Share
Fair Value

 

 

Shares
Granted
(thousands)

 

 

Wtd.-Avg.
Per Share
Fair Value

 

Stock Options

 

 

 

 

N/A

 

 

 

130

 

 

$

22.83

 

Deferred Stock Units

 

 

13

 

 

 

97.33

 

 

 

12

 

 

 

90.18

 

Restricted Stock Units

 

 

245

 

 

 

104.50

 

 

 

197

 

 

 

85.66

 

Performance Share Units

 

 

134

 

 

 

106.40

 

 

 

203

 

 

 

84.34

 

Total Shares Granted

 

 

392

 

 

$

104.91

 

 

 

542

 

 

$

70.19