XML 70 R14.htm IDEA: XBRL DOCUMENT v3.20.1
Stock Based Compensation
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
STOCK BASED COMPENSATION STOCK BASED COMPENSATION
Equity-Based Incentive Plans
Our 2019 Equity Incentive Plan (the 2019 Plan), approved in May 2019, provides for the grant of stock-based and cash-based awards, including stock options, RSUs, and RSAs. Shares available for grant as of March 31, 2020 was approximately 2 million.
The 2009 Equity Incentive Plan (the 2009 Plan), was replaced by the 2019 Plan, except that any outstanding awards granted under the 2009 Plan remain in effect pursuant to their terms.
Restricted Stock Units (RSUs) and Restricted Stock Awards (RSAs)
Time-based RSUs and RSAs generally vest over a four-year term. Performance-based RSUs and RSAs are subject to vesting requirements and earned, in part, based on certain financial performance metrics as defined in the grant notice. Actual number of shares earned may range from 0% to 200% of the target award. Performance-based awards granted in 2020 and 2018 are based on a single-year performance period subject to subsequent multi-year vesting with 50% of the shares earned vesting in one year after the performance period and the remaining shares in the year after. The performance-based awards granted in 2019 were previously cancelled. RSUs and RSAs are generally forfeited if the participant terminates service prior to vesting.
The following tables summarize RSU and RSA activity under our equity-based plans for the three months ended March 31, 2020:
 
Time-based RSUs and RSAs
 
Total Number
of RSUs
Total Number
of RSAs
Total Number
of Shares
Weighted-Average
Grant Date
Fair Value
Nonvested at December 31, 2019
1,104,729

61,136

1,165,865

$
48.47

Granted
759,856


759,856

51.32

Vested
(180,422
)

(180,422
)
40.25

Forfeited
(28,943
)

(28,943
)
50.10

Nonvested at March 31, 2020
1,655,220

61,136

1,716,356

$
50.57

 
Performance-based RSUs and RSAs
 
Total Number
of RSUs
Total Number
of RSAs
Total Number of Shares
Weighted-Average
Grant Date
Fair Value
Nonvested at December 31, 2019
15,752

114,857

130,609

$
49.70

Granted
183,981


183,981

52.86

Nonvested at March 31, 2020
199,733

114,857

314,590

$
51.55


Stock Based Compensation
Stock based compensation expense is measured based on the fair value of the stock award on the grant date and recognized over the requisite service period for each separately vesting portion of the stock award. Stock based compensation expense and other disclosures for stock based awards made to our employees pursuant to the equity plans was as follows: 
 
Three Months Ended March 31,
(in millions)
2020
2019
Cost of providing services
$
2

$
2

Sales and marketing
2

1

General and administrative
5

5

Systems development and programming costs

1

Total stock based compensation expense
$
9

$
9