Performance-based grant adjustment (in dollars per share)

[T](#ic6799676e16f4a73b9fbe61f891b870d_7)[able of Contents](#ic6799676e16f4a73b9fbe61f891b870d_7)The following table summarizes our unvested performance-based restricted shares and restricted stock unit grants as of December 31, 2021:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Number of Restricted Shares and Restricted Stock Units |  | Weighted AverageGrant Date Fair Value |
| Unvested at December 31, 2020 | 1,102,211  |  |  | $ | 67.29  |  |
| Granted(1) | 292,993  |  |  | 74.92  |  |
| Performance-based grant adjustment(2) | 29,147  |  |  | 67.13  |  |
| Vested | (980,188) |  |  | 67.37  |  |
| Forfeitures | (36,521) |  |  | 71.10  |  |
| Unvested at December 31, 2021 | 407,642  |  |  | $ | 72.21  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (1) Amount represents performance-based restricted stock unit grants at target.(2)Amount represents incremental shares issuable for achieving 200 percent upside upon meeting certain adjusted gross profit targets in 2021.The following table summarizes unvested performance-based restricted shares and restricted stock units by vesting period: 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| First Vesting Date |  | Last Vesting Date |  | Performance Shares and Stock UnitsGranted, Net ofForfeitures |  | WeightedAverage GrantDate Fair Value (1) |  | Unvested Performance Shares and Restricted Stock Units |
|  |  |  |  |  |  |  |  |  |
| December 31, 2019 |  | December 31, 2023 |  | 354,005  |  |  | $ | 73.79  |  |  | 70,756  |  |
| December 31, 2020 |  | December 31, 2024 |  | 401,548  |  |  | 59.34  |  |  | 80,268  |  |
| December 31, 2021 |  | December 31, 2025 |  | 285,765  |  |  | 74.91  |  |  | 256,618  |  |
|  |  |  |  | 1,041,318  |  |  | $ | 68.53  |  |  | 407,642  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (1) Amount shown is the weighted average grant date fair value of performance-based restricted shares and restricted stock units granted, net of forfeitures.   
We granted an additional 330,072 performance-based restricted stock units at target on February 9, 2022. These awards have a weighted average grant date fair value of $76.74 and will vest over a three-year period based upon our cumulative three-year earnings per share growth and annual adjusted gross profit growth.Time-based AwardsWe award time-based restricted stock units to certain key employees and non-employee directors. Time-based awards granted through 2020 vest over a five-year while time-based awards granted in 2021 vest over a three-year period primarily based on the passage of time and the employee's continued employment. The following table summarizes our unvested time-based restricted share and restricted stock unit grants as of December 31, 2021: 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Number of RestrictedShares and Stock Units |  | Weighted AverageGrant Date Fair Value |
| Unvested at December 31, 2020 | 598,039  |  |  | $ | 60.24  |  |
| Granted | 666,311  |  |  | 72.09  |  |
| Vested | (439,695) |  |  | 69.29  |  |
| Forfeitures | (61,174) |  |  | 68.12  |  |
| Unvested at December 31, 2021 | 763,481  |  |  | $ | 69.42  |  |

We granted an additional 634,118 time-based restricted stock units on February 9, 2022. These awards have a weighted average grant date fair value of $74.67 and will vest over a three-year period with a first vesting date of December 31, 2022.57
