Outstanding, period end, aggregate intrinsic value

[Table of Contents](#i3e760ad3c5f94c5892b7ddc949ade806_7)

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| Unit awards | Shares |  | Weighted Average Grant Date Fair Value |  | Aggregate Intrinsic Value |
| Outstanding July 1, 2019 | 298  |  |  | $ | 107.00  |  |  |  |
| Granted1 | 139  |  |  | 157.94  |  |  |  |
| Vested | (69) |  |  | 98.25  |  |  |  |
| Forfeited2 | (61) |  |  | 85.33  |  |  |  |
| Outstanding July 1, 2020 | 307  |  |  | 136.41  |  |  |  |
| Granted1 | 113  |  |  | 170.69  |  |  |  |
| Vested | (124) |  |  | 111.08  |  |  |  |
| Forfeited2 | (2) |  |  | 140.46  |  |  |  |
| Outstanding July 1, 2021 | 294  |  |  | 160.22  |  |  |  |
| Granted1 | 135  |  |  | 178.60  |  |  |  |
| Vested | (71) |  |  | 145.50  |  |  |  |
| Forfeited2 | (55) |  |  | 189.33  |  |  |  |
| Outstanding June 30, 2022 | 303  |  |  | $166.50 |  | $54,548 |

1Granted includes restricted stock unit awards and performance unit awards at 100% achievement.2Forfeited includes restricted stock unit awards and performance unit awards forfeited for service requirements not met and performance unit awards not settled due to underachievement of performance measures.The 135 unit awards granted in fiscal 2022 had service requirements and performance measures, with 87 only having service requirements. The unit awards with only service requirements were valued at the weighted average fair value of the non-vested units based on the fair market value of the Company’s equity shares on the grant date, less the present value of expected future dividends to be declared during the vesting period, consistent with the methodology for calculating compensation expense on such awards. The remaining 48 unit awards granted in fiscal 2022 have performance targets along with service requirements. 19 of these performance and service requirement unit awards were valued at grant by estimating 100% payout at release and using the fair market value of the Company equity shares on the grant date, less the present value of expected future dividends to be declared during the vesting period. The payout at release of approximately half of these unit awards will be determined based on the Company's compound annual growth rate ("CAGR") for revenue (excluding adjustments) for the three-year vesting period compared against goal thresholds as defined in the award agreement. The performance payout at release of the other half of these unit awards will be determined based on the expansion of the Company's non-GAAP operating margin over the three-year vesting period compared against goal thresholds as defined in the award agreement. The other 29 performance and service requirement unit awards were valued at grant using a Monte Carlo pricing model as of the measurement date customized to the specific provisions of the Company’s plan design. Per the Company's award vesting and settlement provisions, the awards that utilized a Monte Carlo pricing model were valued at grant on the basis of Total Shareholder Return ("TSR") in comparison to the custom peer group ("Compensation Peer Group") comprised of the Standard & Poor's 1500 Software & Services Index ("S&P 1500 S&S Index") participant companies and other participants approved by the Compensation Committee of the Company's Board of Directors for fiscal year 2022. For fiscal years 2021 and 2020, TSR was in comparison to two separate groups—a custom peer group, the Compensation Peer Group in the table below, and the Standard & Poor's 1500 Information Technology Index ("S&P 1500 IT Index") participants—as approved by the Compensation Committee for each of those fiscal years. TSR is defined as the change in the stock price through the performance period plus dividends per share paid during the performance period, all divided by the stock price at the beginning of the performance period.The weighted average assumptions used in the Monte Carlo pricing model to estimate fair value at the grant dates for awards with performance targets and service requirements are as follows: 55
