Units adjustment due to vontier separation (in dollars per share)

[Table of Conten](#i207805ce14724a60909000a6c8cb9e11_7)[t](#i207805ce14724a60909000a6c8cb9e11_7)[s](#i207805ce14724a60909000a6c8cb9e11_7)Options outstanding as of December 31, 2021 are summarized below (in millions; except price per share and number of years):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Outstanding |  | Vested |
| Exercise Price | Shares |  | Average Exercise Price |  | Average Remaining Life(in years) |  | Shares |  | Average Exercise Price |
| $10.67 - $29.47 | 0.5  |  |  | $ | 25.64  |  |  | 1 |  | 0.5  |  |  | $ | 25.64  |  |
| $29.48 - $37.95 | 2.1  |  |  | 34.37  |  |  | 3 |  | 2.1  |  |  | 34.37  |  |
| $37.96 - $58.78 | 1.6  |  |  | 46.78  |  |  | 5 |  | 1.2  |  |  | 46.05  |  |
| $58.79 - $67.64 | 4.5  |  |  | 64.93  |  |  | 8 |  | 0.7  |  |  | 63.35  |  |
| $67.65 - $78.03 | 1.7  |  |  | 69.69  |  |  | 8 |  | 0.3  |  |  | 68.29  |  |
| Total shares | 10.4  |  |  |  |  |  |  | 4.8  |  |  |  |

The following summarizes aggregate intrinsic value and cash receipts related to stock options that were exercised under the Stock Plan for the years ended December 31 ($ in millions):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | 2021 |  | 2020 |  | 2019 |
| Aggregate intrinsic value of stock options exercised | $ | 55.9  |  |  | $ | 65.8  |  |  | $ | 52.5  |  |
| Cash receipts from stock options exercised | $ | 52.4  |  |  | $ | 46.7  |  |  | $ | 40.0  |  |
|  |  |  |  |  |  |
|  |

Stock AwardsThe following summarizes information related to Stock Award activity under the Stock Plan for the years ended December 31, 2021, 2020, and 2019 (in millions; except price per share):

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Number ofStock Awards (a) |  | Weighted AverageGrant-DateFair Value |
| Unvested as of January 1, 2019 | 2.1  |  |  | $ | 49.04  |  |
| Granted  | 1.1  |  |  | 64.72  |  |
| Vested  | (0.6) |  |  | 40.86  |  |
| Forfeited  | (0.3) |  |  | 56.16  |  |
| Unvested as of December 31, 2019 | 2.3  |  |  | 57.74  |  |
| Granted | 1.0  |  |  | 64.14  |  |
| Vested | (0.6) |  |  | 50.82  |  |
| Forfeited | (0.2) |  |  | 61.00  |  |
| Adjustment due to Vontier Separation (b) | (0.2) |  |  | 60.40  |  |
| Unvested as of December 31, 2020 | 2.3  |  |  | 63.04  |  |
| Granted | 1.1  |  |  | 68.90  |  |
| Vested | (0.5) |  |  | 55.78  |  |
| Forfeited | (0.3) |  |  | 65.28  |  |
| Unvested as of December 31, 2021 | 2.6  |  |  | 66.43  |  |
|  |  |  |  |
| (a) The outstanding stock awards as of December 31, 2019 have been adjusted by a factor of 1.20, as noted above, due to the Separation. (b) The “Adjustment due to Vontier Separation” reflects the cancellation of unvested awards held by Vontier employees as of October 8, 2020, which were replaced by Vontier equity awards issued by Vontier as part of the Separation. |

  
NOTE 18. CAPITAL STOCK AND EARNINGS PER SHARE Common StockUnder our amended and restated certificate of incorporation, as of July 1, 2016, our authorized capital stock consists of 2.0 billion common shares with a par value of $0.01 per share and 15 million preferred shares with a par value of $0.01 per share. Each share of our common stock entitles the holder to one vote on all matters to be voted upon by common stockholders. Our Board is authorized to issue shares of preferred stock in one or more series and has discretion to determine the rights, preferences, privileges, and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges, and liquidation preferences, of each series of preferred stock. The Board’s authority to issue preferred stock with voting rights or 98
