| Schedule of Restricted Stock Units, Vested and Expected to Vest |
The table below presents the 2021 activity related to stock settled RSUs.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Restricted Stock Units Outstanding |
|
|
|
|
Weighted Average Grant-Date Fair Value of Restricted Stock Units Outstanding |
|
| |
|
|
|
|
|
|
|
|
Future
Service
Required |
|
|
|
No Future
Service
Required |
|
|
|
|
|
Future
Service
Required |
|
|
|
No Future
Service
Required |
|
| Beginning balance |
|
|
3,991,348 |
|
|
|
15,223,219 |
|
|
|
|
|
$207.23 |
|
|
|
$203.41 |
|
| Granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Delivered |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vested |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In the table above:
| • |
|
The weighted average grant-date fair value of RSUs granted was $264.57 during 2021, $220.45 during 2020 and $177.42 during 2019. The fair value of the RSUs granted included a liquidity discount of 10.2% during 2021, 10.1% during 2020 and 10.5% during 2019, to reflect post-vesting and delivery transfer restrictions, generally of up to 4 years. |
| • |
|
The aggregate fair value of awards that vested was $2.64 billion during 2021, $2.01 billion during 2020 and $2.00 billion during 2019. |
| • |
|
The ending balance included restricted stock subject to future service requirements of 47,719 shares as of December 2021 and 72,369 shares as of December 2020. |
| • |
|
The ending balance included RSUs subject to future service requirements and performance or market conditions of 322,935 RSUs as of December 2021 and 210,692 RSUs as of December 2020, and the maximum amount of such RSUs that may be earned was 387,508 RSUs as of December 2021 and 210,692 RSUs as of December 2020. |
| • |
|
The ending balance also included RSUs not subject to future service requirements but subject to performance conditions of 590,453 RSUs as of December 2021 and 489,602 RSUs as of December 2020, and the maximum amount of such RSUs that may be earned was 885,680 RSUs as of December 2021 and 734,403 RSUs as of December 2020. |
|