Additional goal achievement shares (shares)

  
The Company’s performance award activity in 2021 is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Number of Performance Awards |  | Weighted Average Grant-Date Fair Value |
| Outstanding as of December 31, 2020 |  | 786,165 |  | $ | 136.96  |  |
| Granted |  | 248,019 |  | 202.66 |
| Additional goal achievement shares |  | 303,128 |  | 104.29 |
| Vested |  | (631,215) |  |  | 103.96 |
| Canceled |  | (35,937) |  |  | 168.49 |
| Outstanding as of December 31, 2021 |  | 670,160 |  | $ | 175.89  |  |

  
As of December 31, 2021, there are 670,160 performance awards outstanding with an intrinsic value of approximately $189 million.  
Restricted Stock Units – Stock Settled  
The Company’s RSUs will settle in shares of the Company’s common stock within 45 days of the applicable vesting date. In general, RSUs granted to employees vest either (i) one-third per year beginning on the first anniversary of the grant date; (ii) 50% on the second anniversary of the date of grant and 25% on the third and fourth anniversary of the date of grant or (iii) 100% at the end of the three-year period following the grant date. Members of the Company’s board of directors receive RSUs that are fully vested when granted.  
The Company’s RSU activity in 2021 is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Number of RSUs |  | Weighted Average Grant-DateFair Value |
| Outstanding as of December 31, 2020 |  | 573,090  |  |  | $ | 143.23  |  |
| Granted (1) |  | 536,199  |  |  | 196.91  |  |
| Vested |  | (214,084) |  |  | 128.85  |  |
| Canceled |  | (74,419) |  |  | 170.29  |  |
| Outstanding as of December 31, 2021 |  | 820,786  |  |  | $ | 179.59  |  |

(1) Pursuant to the IQVIA Holdings Inc. Non-Employee Director Deferral Plan (the “Director Deferral Plan”), non-employee directors may elect to defer receipt of their cash retainers. If a director elects to defer his or her retainer, he or she will instead be credited with that value in deferred shares under the Director Deferral Plan. Deferred shares become payable in Company common stock following a termination of the director’s Board service or the director’s death, or upon a change in control of the Company. The Company granted 1,017 deferred RSUs in 2021.  
As of December 31, 2021, there are 820,786 RSUs outstanding with an intrinsic value of approximately $232 million.  
Stock Appreciation Rights – Cash Settled  
The Company’s cash settled SARs (“CSRs”) require the Company to settle in cash an amount equal to the difference between the fair value of the Company’s common stock on the date of exercise and the grant price, multiplied by the number of CSRs being exercised. These awards vest one- third per year beginning on the first anniversary of the date of grant.  
As of December 31, 2021, 2020 and 2019, the weighted average fair value per share of the CSRs granted was $216.87, $112.10 and $99.27, respectively. The Company paid approximately $1 million, $4 million and $7 million to settle exercised CSRs in 2021, 2020, and 2019, respectively.  
The weighted average remaining contractual life of the CSRs outstanding and exercisable as of December 31, 2021 is 3.5 years and 3.1 years, respectively. The total aggregate intrinsic value of the exercisable CSRs and the CSRs expected to vest as of December 31, 2021 was approximately $28 million.  
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